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Amicus Therapeutics Announces Second Quarter 2007 Financial Results

the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date hereof. All forward- looking statements are qualified in their entirety by this cautionary statement and Amicus undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.


Amicus Therapeutics, Inc.

(a development stage company)

Consolidated Statements of Operations


(in thousands, except share and per share amounts)

Period from

February 4,


Three Months Six Months (inception)

Ended June 30, Ended June 30, to June 30,

2006 2007 2006 2007 2007

Operating Expenses:

Research and

development $6,691 $6,783 $12,719 $13,867 $72,671

General and

administrative 2,563 3,189 4,464 6,040 28,832

Impairment of


Improvements - - - - 1,030

Depreciation and

amortization 217 312 416 609 2,166

In-process research

and Development - - - - 418

Total operating

expenses 9,471 10,284 17,599 20,516 105,117

Loss from operations (9,471)

SOURCE Amicus Therapeutics

Copyright©2007 PR Newswire.

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