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

2008 2007 2008 2007 $ $ $ $ ------------------------------------------------------------------------- REVENUES Licensing fees - 1,596,722 - 1,563,911 ------------------------------------------------------------------------- - 1,596,722 - 1,563,911 ------------------------------------------------------------------------- EXPENSES Research and development 8,919,858 5,245,922 5,137,810 2,480,123 General and administrative 3,171,822 2,838,380 1,623,724 1,506,199 Amortization 1,482,397 1,323,224 691,168 663,906 Foreign exchange gain (2,918,176) (220,587) (2,232,927) (191,557) Loss on disposal of capital assets 10,294 - - - ------------------------------------------------------------------------- 10,666,195 9,186,939 5,219,775 4,458,671 ------------------------------------------------------------------------- Loss before the following: (10,666,195) (7,590,217) (5,219,775) (2,894,760) Interest income from held-to-maturity investments 760,129 1,289,031 346,505 692,552 Gain on note receivable - 650,000 - 650,000 ------------------------------------------------------------------------- Net loss for the period (9,906,066) (5,651,186) (4,873,270) (1,552,208) ------------------------------------------------------------------------- Basic and diluted net loss per common share (0.43) (0.25) (0.21) (0.07) ------------------
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SOURCE Transition Therapeutics Inc.
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