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Vion Reports 2007 Third Quarter and Nine-Month Results
Date:11/7/2007

armaceuticals, Inc.

Alan Kessman, Chief Executive Officer

Howard B. Johnson, President & CFO

(203) 498-4210

--Financial Statements Follow--

VION PHARMACEUTICALS, INC.

(A Development Stage Company)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

(In thousands, except per share 2007 2006 2007 2006

data)

Technology license fee revenue $6 $6 $16 $16

Operating expenses:

Clinical trials 3,490 3,285 10,781 9,983

Other research and development 2,786 2,336 7,898 6,514

Total research and

development 6,276 5,621 18,679 16,497

Marketing, general and

administrative 2,279 1,216 6,387 4,260

Total operating expenses 8,555 6,837 25,066 20,757

Loss from operations (8,549) (6,831) (25,050) (20,741)

Interest income 938 502 2,603 1,560

Interest expense (1,423) -- (3,652) --

Other expense, net -- (3) (4) (31)

Loss before income taxes (9,034) (6,332) (26,103) (19,212)

Income tax provision (benefit) 3 10 (269) 34

Net loss $(9,037) $(6,342) $(25,834) $(19,246)

Basic and diluted loss per share $(0.13) $(0.10) $(0.39) $(0.29)

Weighted-average number of shares

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SOURCE Vion Pharmaceuticals, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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