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Response Biomedical Corporation Reports 2008 Financial Results
Date:3/30/2009

Company Reports Record Level Revenues - up 44% Over Prior Year

VANCOUVER, March 30 /PRNewswire-FirstCall/ - Response Biomedical Corporation (TSX: RBM, OTCBB: RPBIF) reported that it recorded total revenues of $5,876,337 and a net loss of $13,663,656 or ($0.10) per share for the year ended December 31, 2008. Additionally, the Company announced that as of December 31, 2008, it had approximately $2.9 million in working capital. For a further discussion of the Company's financial results for the year ended December 31, 2008, please refer to the Company's audited consolidated financial statements and related Management Discussion and Analysis, which can be found at www.responsebio.com, SEDAR (Canada) www.sedar.com or EDGAR (US) www.sec.gov/edgar/searchedgar/webusers.htm. Information at these sites is typically available within 24 hours of the distribution of the news release.

Corporate Update

"We accomplished many significant Company goals during 2008 and especially in the fourth quarter, despite the current market conditions which have negatively impacted our share price," said S. Wayne Kay, CEO. "We added another blue chip strategic partner when we signed Roche Diagnostics as our partner for our cardiovascular product line. Coupled with our partnerships with 3M HealthCare and Shionogi of Japan, we believe we have set a strong framework to ensure our products are well introduced in the global market in 2009 and beyond. We also received regulatory clearance for the Flu A+B product that 3M launched in the fourth quarter, as well as the new RAMP(R) 200 Reader. We achieved a key U.S. Food and Drug Administration (FDA) clearance to market our NT-proBNP diagnostic test, which will permit Roche to begin marketing the product to U.S. customer
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SOURCE Response Biomedical Corp.
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