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Transition Therapeutics Announces Fiscal 2007 Year End Financial Results
Date:9/12/2007

p> 2007 2006

$ $

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REVENUES

Milestone revenue 552,650 -

Upfront and licensing fees 131,244 131,244

Management fees from ENI - 239,930

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683,894 371,174

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EXPENSES

Research and development 9,839,170 11,060,455

General and administrative 5,317,524 3,140,800

Amortization 6,823,259 9,563,274

Foreign exchange loss (gain) 6,875 (82,043)

Loss on disposal of capital assets and assets

held for sale 14,377 58,034

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22,001,205 23,740,520

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Loss before the following (21,317,311) (23,369,346)

Interest income, net 1,226,099 350,380

Equity loss in affiliate - (477,723)

Gain (losses) of company transferred under

contractual arrangement 400,000 (618,922)

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Loss before income taxes (19,691,212) (24,115,611)

Future income taxes recovery
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SOURCE Transition Therapeutics Inc.
Copyright©2007 PR Newswire.
All rights reserved

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