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Cardium Reports on Second Quarter 2008 Highlights and Financial Results

blicly the results of any revisions to these forward- looking statements to reflect events or circumstances arising after the date hereof.

Copyright 2008 Cardium Therapeutics, Inc. All rights reserved.

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Cardium Therapeutics(TM), Corgentin(TM) and Generx(TM) are trademarks of
Cardium Therapeutics, Inc. Tissue Repair(TM), Gene Activated Matrix(TM), GAM(TM) and Excellarate(TM) are
trademarks of the Tissue Repair Company.

InnerCool Therapies(R), InnerCool(R), Celsius Control System(TM), Accutrol(TM), CoolBlue(TM) and RapidBlue(TM)are trademarks of InnerCool

Therapies, Inc.

Cardium Therapeutics, Inc.

Three Months Ended

June 30,


Selected Condensed Consolidated 2008 2007

Operational Results

Revenues $626,841 $229,472

Cost of goods sold (314,254) (258,177)

Gross profit (loss) 312,587 (28,705)

Research and development 3,969,406 3,415,213

Selling, general and administrative 2,696,559 2,978,448

Amortization - Intangibles 197,414 207,043

Loss from operations (6,550,792) (6,629,409)

Interest income (expense), net (83,670) 228,228

Net loss $(6,634,462) $(6,401,181)

Net loss per common

share - basic and diluted $(0.15) $(0.16)'/>"/>

SOURCE Cardium Therapeutics
Copyright©2008 PR Newswire.
All rights reserved

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