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Response Genetics Reports Third Quarter 2007 Financial Results
Date:11/14/2007

LOS ANGELES, Nov. 14 /PRNewswire-FirstCall/ -- Response Genetics, Inc. (Nasdaq: RGDX) a company focused on the development of molecular diagnostic tests for cancer, today announced its consolidated financial results for the third quarter of 2007, and nine months ended September 30, 2007.

"The third quarter of 2007 brought new interest in Response Genetics from the physician and investment communities," said Kathleen Danenberg, President and CEO of Response Genetics. "The combination of the recent announcement of our plans to make the ERCC-1 gene expression test available in the first quarter of 2008, and the positive Journal of Clinical Oncology article in July related to the test was met with great enthusiasm from physicians, potential partners and investors. We understand the value our ERCC-1 test provides to physicians seeking to personalize disease management and improve patient outcomes, and we are excited to share it with selected institutions and clinical practice groups early next year. We look forward to providing you with further updates as events materialize."

Financial Results for Three Months Ended September 30, 2007

Total revenue increased 24% to $2.2 million in the third quarter of 2007, compared to $1.8 million in the third quarter of 2006. This increase was generated by the Company's existing pharmaceutical contracts related to pharmacogenomic testing services, and the introduction of new testing services being offered by Response Genetics to its pharmaceutical clients.

Cost of revenue for the third quarter of 2007 was $910,090, compared with $643,772 for the third quarter of 2006. Research and development expenses were $651,536 for the third quarter of 2007, compared with $267
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SOURCE Response Genetics, Inc.
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