Onyx Pharmaceuticals Reports Third Quarter and Nine-Month 2008 Financi... (evelopment regulatory filings and action...)

Onyx Pharmaceuticals Reports Third Quarter and Nine-Month 2008 Financial Results

Date:11/6/2008

evelopment, regulatory filings and actions. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated. Reference should be made to Onyx's Annual Report on Form 10-K for the year ended December 31, 2007, filed with the Securities and Exchange Commission under the heading "Risk Factors" for a more detailed description of such factors, as well as the Company's subsequent quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release. Onyx undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

(See attached tables.)

ONYX PHARMACEUTICALS, INC.

CONDENSED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

(unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

------------------ ------------------

2008 2007 2008 2007

Net revenue from -------- ------- -------- --------

unconsolidated joint

business $39,924 $17,635 $107,860 $28,131

Operating expenses:

Research and development

(1) 10,950 7,901 27,012 19,883

Selling, general and

administrative (1) 19,319 15,245 58,985 44,140

-------- ------- -------- --------

Total operating expenses 30,269 23,146 85
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SOURCE Onyx Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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