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Transition Therapeutics Announces First Quarter Fiscal 2009 Financial Results
Date:11/10/2008

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Total current assets 63,421,575 67,732,117

Capital assets, net 894,698 958,689

Intangible assets 26,531,541 26,185,155

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90,847,814 94,875,961

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LIABILITIES AND SHAREHOLDERS' EQUITY

Current

Accounts payable and accrued liabilities 1,549,717 1,576,190

Due to Elan Pharma International Limited 2,060,123 1,795,242

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Total current liabilities 3,609,840 3,371,432

Deferred revenue 27,736,750 27,736,750

Leasehold inducement 77,166 80,024

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Total liabilities 31,423,756 31,188,206

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Shareholders' equity

Common shares 160,471,098 160,262,540

Contributed surplus 4,492,251 4,492,251

Stock options 3,654,276 3,093,735

Deficit (109,193,567) (104,160,771)

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Total shareholders' equity 59,424,058 63,687,755

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SOURCE Transition Therapeutics Inc.
Copyright©2008 PR Newswire.
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