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Onyx Pharmaceuticals Reports Third Quarter and Nine-Month 2008 Financial Results
Date:11/6/2008

,997 64,023

Income (loss) from -------- ------- -------- --------

operations 9,655 (5,511) 21,863 (35,892)

Investment income 2,763 6,066 10,696 13,427

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

Income (loss) before

income taxes 12,418 555 32,559 (22,465)

Provision for income

taxes 175 - 424 -

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

Net income (loss) $12,243 $555 $32,135 $(22,465)

======== ======= ======== =========

Net income (loss) per share:

Basic $0.22 $0.01 $0.58 $(0.45)

======== ======= ======== =========

Diluted $0.21 $0.01 $0.57 $(0.45)

======== ======= ======== =========

Shares used in computing net

income (loss) per share:

Basic 56,197 54,836 55,755 49,817

======== ======= ======== =========

Diluted 57,194 55,785 56,773 49,817

======== ======== ======== =========

(1) Includes employee stock-

based compensation charges

of:

Research and development $694 $785 $2,083 $2,046

Selling, general, and

administrative 3,646 2,856 11,726 8,220

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

$4,340 $3,641 $13,809 $10,266


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

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