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

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Cash flows from investing activities:

Proceeds from sale of fixed assets 329,967 -

Purchases of property and equipment - (19,592)

Deposits on property and equipment - (397,876)

Net cash provided by

investing activities 329,967 (417,468)

Cash flows from financing activities:

Proceeds from private placement

of common stock 19,915,002 -

Payments on lines of credit - (666,667)

Proceeds from exercise of common

stock options 560,989 7,690

Proceeds from exercise of common

stock warrants 163,982 -

Net cash provided by

(used in) financing

activities 20,639,973 (658,977)

Net increase (decrease) in cash and

cash equivalents 16,005,319 (9,326,623)

Cash and cash equivalents,

beginning of period 1,951,715 14,856,738

Cash and cash equivalents, end of

period $17,957,034 $5,530,115


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SOURCE MiddleBrook Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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