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MiddleBrook Pharmaceuticals Reports First Quarter 2008 Results
Date:5/13/2008

$2,394,010 $1,773,037

Costs and expenses:

Cost of product sales 621,440 233,635

Research and development 3,727,859 7,528,872

Selling, general and administrative 4,753,326 7,688,652

Total expenses 9,102,625 15,451,159

Loss from operations (6,708,615) (13,678,122)

Interest income 125,282 134,027

Interest expense - (193,895)

Warrant expense (7,440,000) -

Other income (expense) (19,074) 75,000

Loss including noncontrolling

interest $(14,042,407) $(13,662,990)

Loss attributable to noncontrolling

interest 242,905 0

Net loss (13,799,502) (13,662,990)

Basic and diluted net loss per share $(0.26) $(0.38)

Shares used in calculation of basic

and diluted net loss per share 53,295,303 36,383,312

MIDDLEBROOK PHARMACEUTICALS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

March 31, December 31,

2008 2007

ASSETS

Current assets:

Cash and cash equivalents $17,957,034 $1,951,715

Accounts receivable, net 765,003 687,787

Inventories, net 373,324 687,933

Prepaid expenses and other

current ass
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SOURCE MiddleBrook Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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