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Catalyst Pharmaceutical Partners Reports Fourth Quarter and Year-End 2007 Financial Results
Date:3/26/2008

>Interest income 887,636 172,873

Loss before income taxes (4,139,493) (2,729,454)

Provision for income taxes - -

Net loss $(4,139,493) $(2,729,454)

Net loss per share - basic and diluted $ (0.33) $ (0.36)

Weighted average shares outstanding

- basic and diluted 12,525,405 7,687,630

CATALYST PHARMACEUTICAL PARTNERS, INC.

(a development stage company)

CONDENSED BALANCE SHEETS

December 31,

2007 2006

ASSETS

Current assets:

Cash and cash equivalents $15,943,896 $20,434,702

Interest receivable 63,709 85,787

Prepaid expenses 524,081 67,333

Total current assets 16,531,686 20,587,822

Property and equipment, net 127,788 20,157

Deposits 20,448 11,500

Total assets $16,679,922 $20,619,479

LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities:

Accounts payable $219,866 $448,072

Accrued expenses and other liabilities 83,419 324,774

Total current liabilities 303,285 772,846

Accrued expenses and other liabilities,

non current 53,880 -

Total liabilities 357,165 772,846'/>"/>

SOURCE Catalyst Pharmaceutical Partners
Copyright©2008 PR Newswire.
All rights reserved

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