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Neurochem reports results for fourth quarter and fiscal year 2007 and important advances on corporate objectives
Date:2/20/2008

nd closely working with the regulatory agencies in Europe and the United States to hopefully be in a position to make KIACTA(TM) available to patients suffering from Amyloid A (AA) amyloidosis. The launch of a Phase II study for NC-503 as a treatment for Type II Diabetes as well as certain features of Metabolic Syndrome is very encouraging. As a natural extension of our work in the field of AA amyloidosis, we start with a solid base of knowledge and research already completed," Dr. Bellini concluded.

Phase II Study for Type II Diabetes as well as certain features of

Metabolic Syndrome Underway

The Phase II clinical trial is a 26 weeks multi-center, randomized, double blind, placebo-controlled and parallel-designed study that will involve approximately 200 patients with Type II Diabetes as well as certain features of Metabolic Syndrome in about 15 clinical sites in Canada.

Conference Call

Neurochem will host a conference call Thursday, February 21, 2008, at 8:30 A.M. Eastern Time. The telephone numbers to access the conference call are 1-416-644-3416 or 1-800-732-9303. A replay of the call will be available until Thursday, February 28, 2008. The telephone numbers to access the replay of the call are 1-416-640-1917 or 1-877-289-8525, for which the passcode is 21263770#. Please dial-in approximately 15 minutes before the teleconference is scheduled to begin.

Consolidated Financial Results Highlights

The following discussion and analysis should be read in conjunction with the Company's audited consolidated financial statements for the year ended December 31, 2007, which have been prepared in accordance with Canadian generally accepted accounting principles (GAAP).

Results of operations

As previously reported, effective July 1, 2007, the Company adopted the US dollar as its functional and reporting currency, as a significant portion of its revenue, expenses, assets, liabilities and financing are denominated i
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SOURCE NEUROCHEM INC.
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