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Cardium Reports on Second Quarter 2008 Highlights and Financial Results
Date:8/11/2008

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Weighted average common shares

outstanding - basic and diluted 43,629,975 40,914,902

Selected Condensed Consolidated June 30, December 31,

Balance Sheet Data 2008 2007

(Unaudited) (Audited)

Cash and cash equivalents $4,138,989 $7,722,816

Accounts receivable, net 406,963 565,613

Inventories, net 1,741,439 1,037,164

Prepaid expenses and other current assets 537,124 522,067

Property and equipment, net 2,006,735 1,650,632

Patented technology and

intangibles, net 4,371,502 4,766,330

Other long-term assets 600,041 661,067

Total assets $13,802,793 $16,925,689

Current liabilities $9,602,428 $5,255,392

Long-term liabilities 96,420 3,241,992

Stockholder's equity 4,103,945 8,428,305

Total liabilities and

stockholder's equity $13,802,793 $16,925,689


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SOURCE Cardium Therapeutics
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