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Vion Reports 2008 Third Quarter and Nine-Month Results
Date:11/3/2008

991 2,603

Interest expense (1,521) (1,423) (4,539) (3,652)

Other expense, net (3) -- (15) (4)

Loss before income taxes (6,844) (9,034) (22,942) (26,103)

Income tax provision

(benefit) -- 3 -- (269)

Net loss ($6,844) ($9,037) ($22,942) ($25,834)

Basic and diluted loss

per share(1) ($0.92) ($1.33) ($3.12) ($3.87)

Weighted-average number of

shares of common stock

outstanding(1) 7,449 6,774 7,355 6,683

(1) Adjusted for all periods presented to reflect the Company's one-for-

ten reverse stock split effected February 20, 2008.

CONDENSED CONSOLIDATED BALANCE SHEET DATA

(Unaudited)

Sept 30, Dec. 31,

(In thousands) 2008 2007

Cash and cash equivalents $42,755 $61,067

Total assets 44,216 63,195

Convertible senior notes 55,139 54,275

Total liabilities 61,629 61,988

Shareholders' (deficit) equity (17,413) 1,207


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SOURCE Vion Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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