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QMed, Inc. Reports First Quarter Results
Date:4/18/2008

ey include but are not limited to those relating to the timely implementation of programs, the impact of competitive product introductions, acceptance and pricing, and those risks detailed in the Company's filings with the Securities and Exchange Commission (SEC). Actual results may differ materially from any forward-looking statements due to these risks and uncertainties.

Contact: William Schmitt, QMed, Inc. - 732-544-5544 x1112

QMED, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

February 29, November 30,

2008 2007

ASSETS (unaudited)

Current assets

Cash and cash equivalents $ 403,546 $ 1,196,030

Accounts receivable, net of allowances

for doubtful accounts of $75,100 and

$58,980, respectively 399,639 535,810

Prepaid professional fees 203,000 228,000

Prepaid expenses and other current

assets 393,595 189,654

Assets related to discontinued operations 4,644,835 6,126,492

6,044,615 8,275,986

Property and equipment, net 632,239 717,229

Product software development costs, net 1,615,865 1,769,931

Acquired intangibles, net 379,773 421,224

Other assets 135,123 137,190

$ 8,807,615 $ 11,321,560

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities

Accounts payable and accrued

liabilities $ 2,063,790 $ 1,607,840

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

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