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Transition Therapeutics Announces Third Quarter Fiscal 2009 Financial Results
Date:5/13/2009

month Three-month Three-month period ended period ended period ended period ended March 31, March 31, March 31, March 31, 2009 2008 2009 2008 $ $ $ $ ------------------------------------------------------------------------- REVENUES Licensing fees - 1,596,722 - - ------------------------------------------------------------------------- - 1,596,722 - - EXPENSES Research and development 12,812,657 9,026,351 3,892,799 3,780,429 General and administrative 4,783,451 4,294,688 1,611,629 1,456,308 Amortization 2,173,149 2,052,553 690,752 729,329 Foreign exchange gain (3,469,281) (570,674) (551,105) (350,087) Loss (gain) on disposal of capital assets 6,137 - (4,157) - ------------------------------------------------------------------------- 16,306,113 14,802,918 5,639,918 5,615,979 ------------------------------------------------------------------------- Loss before the following: (16,306,113) (13,206,196) (5,639,918) (5,615,979) Interest income 930,682 1,927,990 170,553 638,959 Loss on available-for-sale investments (269,450) - (269,450) - Gain on note receivable - 650,000 - - ------------------------------------------------------------------------- Net loss and comprehensive loss for the period (15,644,881) (10,628,206) (5,738,815) (4,977,
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SOURCE Transition Therapeutics Inc.
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