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NUCRYST Announces First Quarter 2008 Financial Results
Date:5/6/2008

r ended December 31, 2007 and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2008, filed with the U.S. Securities and Exchange Commission on EDGAR at http://www.sec.gov and with securities authorities in Canada on SEDAR at http://www.sedar.com. All forward-looking statements are expressly qualified in their entirety by this cautionary statement and NUCRYST disclaims any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future developments or otherwise after the date hereof.

NUCRYST PHARMACEUTICALS CORP.

Financial Highlights

(unaudited)

(thousands of U.S. dollars except share and per share data)

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Three Months Ended March 31

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Condensed Consolidated Statements of

Operations 2008 2007

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Revenue $ 5,189 $ 5,234

Loss from operations (2,886) (1,845)

Net loss (2,180) (1,864)

Net loss per common share

- basic (0.12) (0.10)

- diluted (0.12) (0.10)

Weighted average number of common shares

outstanding

- basic 18,370,092 18,311,962

- diluted 18,370,092 18,311,962

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SOURCE NUCRYST Pharmaceuticals Corp.
Copyright©2008 PR Newswire.
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