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MiddleBrook Pharmaceuticals Reports Second Quarter 2008 Results
Date:8/14/2008

sales and marketing strategy, (15) successfully attract and retain collaborative partners, (16) successfully commercialize and gain market acceptance for its Keflex products, (17) successfully obtain sufficient manufactured quantities of its drug products at acceptable rates, and (18) retain its senior management and other personnel. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. MiddleBrook undertakes no obligation to update or revise the information in this announcement, whether as a result of new information, future events or circumstances or otherwise.

MIDDLEBROOK PHARMACEUTICALS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended June 30, Six Months Ended June 30,

2008 2007 2008 2007

Product sales $2,522,255 $2,680,558 $4,916,265 $4,453,595

Costs and expenses:

Cost of product

sales 374,177 447,236 995,617 680,871

Research and

development 3,627,051 5,447,199 7,354,910 12,976,071

Selling, general

and

administrative 3,937,109 6,309,553 8,690,435 13,998,205

Total expenses 7,938,337 12,203,988 17,040,962 27,655,147

Loss from operations (5,416,082) (9,523,430) (12,124,697) (23,201,552)

Interest income 89,806 221,173 215,088 355,200

Interest expense - (175,670) - (369,565)

Change in fair value

of warrant 1,680,000 - (5,760,000) -

Other income

(expense) 1,900 - (17,174) 75,000

Loss including

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

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