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Medivation Reports First Quarter 2009 Financial Results and Provides Corporate Update
Date:5/11/2009

statements contained in this press release.




                                 MEDIVATION, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                      (In thousands, except per share data)
                                   (unaudited)

                                                       Three Months Ended
                                                            March 31,
                                                        2009            2008

    Collaboration revenue                            $16,340              $-

    Operating expenses:
       Research and development                       15,776          11,956
       Selling, General and administrative             6,305           3,953

              Total operating expenses                22,081          15,909

    Loss from operations                              (5,741)        (15,909)
    Other income (expense):
       Interest income, net                              509             382
      Other income (expense), net                         51              (1)
                Total other income (expense)             560             381
    Loss before provision for income
     taxes                                            (5,181)        (15,528)
    Provision for income taxes                           428               2
    Net loss                                         $(5,609)       $(15,530)

    Basic and diluted net loss per share              $(0.19)         $(0.54)

    Weighted average common shares used
     in the calculation of basic and
     diluted net loss per share                       30,105          28,847



                                MEDIVATION, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                 (In thousands, except share and per share data)
                                   (unaudited)

  
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