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QMed, Inc. Reports Year-End and Fourth Quarter Results
Date:3/26/2008

the net of which is reflected as part of discontinued operations.

Given the continuing losses and the Company's current cash position available for working capital, the November 30, 2007 financial statements contain an unqualified opinion with a going concern uncertainty emphasis paragraph that raises substantial doubt about the Company's ability to continue as a going concern.

About QMed, Inc.

QMed has developed evidence-based clinical information management systems for use by health plan customers. The QMed systems incorporate Disease Management services to patients and decision support to physicians. The Company's subsidiaries have specialized in serving high-risk populations of Medicare beneficiaries.

Except for historical information contained herein, matters discussed in this news release are forward-looking statements that involve risks and uncertainties. They 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

Consolidated Balance Sheets

November 30,

Assets

Restated

2007 2006

Current assets

Cash and cash equivalents $1,196,030 $2,313,261

Investments in securities - 8,547,525

Accounts receivable, net of

allowance for doubtful accounts

of $58,980 and $53,558,

respectively
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SOURCE QMed, Inc.
Copyright©2008 PR Newswire.
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