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YM BIOSCIENCES REPORTS FIRST QUARTER 2008 OPERATIONAL AND FINANCIAL RESULTS
Date:11/11/2007

August 17,

Three months ended 1994 to

September 30, September 30,

2007 2006 2007

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(Unaudited) (Unaudited)

Cash provided by (used in):

Operating activities:

Loss for the period $ (3,624,309) $ (9,698,857) $(121,130,917)

Items not involving cash:

Amortization of capital

assets 34,147 25,348 472,936

Amortization of intangible

assets 265,135 633,051 3,585,093

Impairment of intangible

asset - - 1,829,538

Loss on marketable

securities - - 1,191,329

Unrealized gain on

financial instruments (70,377) - (70,377)

Stock-based employee

compensation 1,046,628 519,214 7,200,104

Stock-based consideration - - 292,750

Warrants-based

consideration - - 54,775

Change in non-cash operating

working capital:

Accounts receivable and

prepaid expenses 16,992 868,254 328,693

Accounts payable, accrued

liabilities and deferred

revenue (2,194,866) 13,243,503 11,468,488

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(4,526,650) 5,590,513 (94,777,588)

Financing activities:

Issuance of common shares on'/>"/>

SOURCE YM BioSciences Inc.
Copyright©2007 PR Newswire.
All rights reserved

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