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Biopure Announces 2007 Third Quarter Financial Results
Date:8/23/2007

6 4,208 12,861 12,462

Loss from operations (6,605) (6,751) (20,124) (20,529)

Other income, net 157 127 528 356

Net loss $(6,448) $(6,624) $(19,596) $(20,173)

Basic and diluted net

loss per common

share $(0.08) $(0.16) $(0.27) $(0.55)

Weighted-average

common shares

outstanding 77,956 41,616 73,466 36,695

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

July 31, 2007 October 31, 2006

Assets

Total current assets $10,377 $10,852

Net property and equipment 19,924 22,175

Other assets 763 805

Total assets $31,064 $33,832

Liabilities and stockholders' equity

Total current liabilities $3,602 $4,216

Deferred revenue, net of current

portion 1,115 987

Restructuring costs, net of

current portion - 46

Other long term liabilities 41 41

Total liabilities 4,758 5,290

Total stockholders' equity 26,306 28,542

Total liabilities and stockholders'

equity $31,064 $33,832


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SOURCE Biopure Corporation
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