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Medarex Announces 2008 First Quarter Financial Results
Date:5/12/2008

2,409 11,302

Operating loss (49,698) (46,785)

Equity in net loss of affiliate (1,785) -

Investment and interest income, net 154,818 155,401

Minority interest - Celldex - 1,651

Income before provision for income taxes 103,335 110,267

Provision for income taxes 23 2

Net income $103,312 $110,265

Basic net income per share $0.81 $0.88

Diluted net income per share $0.76 $0.80

Weighted average number of common

shares outstanding during

the year - basic 127,643 124,690

- diluted 138,580 140,144

Condensed Consolidated Balance Sheets

(In thousands)

March 31, December 31,

2008 2007

(unaudited) (1)

Cash, cash equivalents and marketable

securities - Medarex $464,477 $486,772

Cash and cash equivalents - Celldex - 14,000

Other current assets 15,818 29,013

Property, buildings and equipment, net 75,966 79,925

Marketable securities - Genmab 115,587 139,165

Investments in Avant Immunotherapeutics 9,381 -

Investments in, and advances to affiliate

and partners 6,040 6,040

Segregated cash - non current
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SOURCE Medarex, Inc.
Copyright©2008 PR Newswire.
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Smaller than the kuglen hook, this manipulator offers excellent grasping or lifting of the nucleus. Blunt finger-like 0.5 mm two-prong tip. Round knurled handle with dull finish. Straight.
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5 mm curved hook with markings at 14 mm and 20 mm from tip. Flat serrated handle with polished finish. Overall length: 4.7 inches.
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