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Pharmacyclics Reports Third Quarter 2008 Financial Results
Date:4/24/2008

, and we undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

-- FINANCIALS ATTACHED --

Pharmacyclics, Inc.

(a development stage enterprise)

Condensed Statements of Operations

(unaudited) (in thousands, except per share data)

Three Months Nine Months

Ended March 31, Ended March 31,

2008 2007 2008 2007

Grant revenue $ -- $ -- $ -- $19

Operating expenses:

Research and development 5,120 5,669 14,822 15,557

General and administrative 2,100 1,705 5,923 5,315

Total operating expenses 7,220 7,374 20,745 20,872

Loss from operations (7,220) (7,374) (20,745) (20,853)

Interest and other, net 240 615 1,075 1,626

Net loss $(6,980) $(6,759) $(19,670) $(19,227)

Basic and diluted net loss per share $(0.27) $(0.26) $(0.76) $(0.82)

Shares used to compute basic and

diluted net loss per share 25,994 25,938 25,983 23,581

Condensed Balance Sheets

(unaudited, in thousands)

March 31, June 30,

2008 2007

Assets

Cash, cash equivalents and marketable securities $21,272 $38,762

Other current assets 611 961

Total current assets 21,883 39,723

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SOURCE Pharmacyclics, Inc.
Copyright©2008 PR Newswire.
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