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

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

(2) Derived from the audited financial statements included in the

Company's Annual Report on Form 10-K for the year-ended December 31,

2007.

ONYX PHARMACEUTICALS, INC.

RECONCILIATION OF GAAP TO NON-GAAP NET INCOME

(In thousands, except per share amounts)

(unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

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

2008 2007 2008 2007

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

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

Non-GAAP adjustments:

Employee stock-based compensation

under FAS 123R 4,340 3,641 13,809 10,266

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

Non-GAAP net income (loss) (3) $16,583 $4,196 $45,944 $(12,199)

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

GAAP diluted net income (loss) per

share $0.21 $0.01 $0.57 $(0.45)

Non-GAAP adjustments:

Employee stock-based compensation

under FAS 123R 0.08 0.07 0.24 0.21

Non-GAAP diluted net income (loss) ---------- -------- -------- ---------

per share (3) $0.29 $0.08 $0.81 $(0.24)

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

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

(3) This press release includes the following non-GAAP financial measures:

non-GAAP net income (loss
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SOURCE Onyx Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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