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

>YM BIOSCIENCES INC.

(A DEVELOPMENT STAGE COMPANY)

Interim Consolidated Statements of Deficit Accumulated During the

Development Stage

(Expressed in Canadian dollars)

-------------------------------------------------------------------------

Period from

inception on

August 17,

Three months ended 1994 to

September 30, September 30,

2007 2006 2007

-------------------------------------------------------------------------

(Unaudited) (Unaudited)

Deficit, beginning of period $(118,296,741) $ (86,566,501) $ -

Cost of purchasing shares for

cancellation in excess of

book value - - (790,133)

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

-------------------------------------------------------------------------

Deficit, end of period $(121,921,050) $ (96,265,358) $(121,921,050)

-------------------------------------------------------------------------

-------------------------------------------------------------------------

YM BIOSCIENCES INC.

(A DEVELOPMENT STAGE COMPANY)

Interim Consolidated Statements of Cash Flows

(Expressed in Canadian dollars)

-------------------------------------------------------------------------

Period from

inception on


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SOURCE YM BioSciences Inc.
Copyright©2007 PR Newswire.
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