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Medarex Announces 2008 Fourth Quarter and Year End Financial Results
Date:2/25/2009

925 Investment in Genmab 87,428 139,165 Other assets 6,812 10,985 -------- --------- $536,855 $759,860 ======== ========= Current liabilities $64,299 $81,645 Other liabilities 78,247 89,454 Convertible notes 145,430 143,505 Shareholders' equity 248,879 445,256 -------- --------- $536,855 $759,860 ======== ========= (1) Derived from the December 31, 2007 audited financial statements. For further information, refer to the financial statements and footnotes thereto included in the Company's annual report on Form 10-K for the year ended December 31, 2007.

The accompanying press release dated February 25, 2009 contains non-GAAP financial measures. The following table reconciles the non-GAAP financial measures contained in the press release to the most directly comparable financial measures prepared in accordance with GAAP. These non-GAAP financial measures include non-GAAP net loss and non-GAAP net loss per share. Non-GAAP financial measures should be considered in addition to, and not as a substitute for, or superior to, financial measures prepared in accordance with GAAP.

The following reconciliation of GAAP net loss to non-GAAP net loss and GAAP net loss per share to non-GAAP net loss per share is provided as a complement to results p
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SOURCE Medarex, Inc.
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