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Transition Therapeutics Announces Second Quarter Fiscal 2009 Financial Results
Date:2/11/2009

(53,962) (10,157) (10,645) (6,910) Purchase of intangible assets (1,131,280) - - - Proceeds on disposal of capital assets 48,161 - - - Cash received from company transferred under contractual arrangement - 650,000 - 650,000 ------------------------------------------------------------------------- Cash provided by (used in) investing activities 4,206,708 (10,900,685) (4,104,578) (11,603,268) ------------------------------------------------------------------------- FINANCING ACTIVITIES Proceeds from issuance of common shares, net 125,551 24,046,496 - 8,050 ------------------------------------------------------------------------- Cash provided by financing activities 125,551 24,046,496 - 8,050 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Impact of foreign exchange on cash and cash equivalents 843,669 (13,885) 654,344 (673) ------------------------------------------------------------------------- Net increase (decrease) in cash and cash equivalents during the period (3,768,884) 12,591,789 (7,701,525) (7,297,658) Cash and cash equivalents, beginning of period 22,952,865 1,377,387 26,885,506 21,266,834 ------------------------------------------------------------------------- Cash and cash equivalents, end of period 19,183,981 13,969,176 19,183,981 13,969,176 ------------------------------------------------------------------------- -----------------------------------------------------
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