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MiddleBrook Pharmaceuticals Reports Third Quarter 2007 Results
Date:11/14/2007

tions (10,024,075) (9,876,760) (33,225,627) (29,652,777)

Interest income 126,655 221,333 481,855 747,921

Interest expense (159,359) (241,735) (528,924) (292,018)

Other income - - 75,000 976,815

Net loss $(10,056,779) $(9,897,162) $(33,197,696) $(28,220,059)

Basic and diluted

net loss per share $(0.22) $(0.33) $(0.78) $(0.93)

Shares used in

calculation of basic

and diluted net

loss per share 46,650,833 30,302,628 42,831,867 30,209,948

MIDDLEBROOK PHARMACEUTICALS, INC.

CONDENSED BALANCE SHEETS

(Unaudited)

September 30, December 31,

2007 2006

ASSETS

Current assets:

Cash and cash equivalents $4,987,690 $14,856,738

Marketable securities 929,812 522,723

Accounts receivable, net 1,331,764 303,514

Inventories, net 1,088,913 2,077,390

Prepaid expenses and other

current assets 1,199,515 1,682,685

Total current assets 9,537,694 19,443,050

Property and equipment, net 11,533,248 11,764,627

Restricted cash 872,180 872,180

Deposits and other assets 348,006 1,548,585

Intangible assets, net 7,509,070 8,377,327

Total assets $29,800,198 $42,005,769

LIABILITIES AND STOCKHOLDERS' EQUITY


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SOURCE MiddleBrook Pharmaceuticals, Inc.
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