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Emisphere Technologies, Inc. Announces 2007 Third Quarter Financial Results
Date:11/6/2007

$0.29 per basic and $0.30 diluted share for the third quarter of 2006

-- As of September 30, 2007, Emisphere had $21.4 million in cash and

investments

Corporate and Product Developments

Emisphere has two Phase III products based on the compound salmon calcitonin in partnership with Novartis Pharma AG and its development partner, Nordic Bioscience:

-- One product relates to the prevention of osteoporosis and the other

product relates to the prevention of osteoarthritis

-- Osteoarthritis product has the potential to be the first disease-

modifying drug that halts progression of the illness rather than

treating symptoms

-- Both products use Emisphere's eligen(R) delivery technology to provide

salmon calcitonin for the first time as a convenient oral medication

Emisphere has three products in Phase II:

-- Development of recombinant human growth hormone ("rhGH") in

collaboration with Novartis Pharma AG

-- Continuing the development of oral heparin; discussions with the US

Food and Drug Administration ("FDA") established a pathway for

registration to proceed into complete Phase III for the use of oral

heparin in the prevention of deep-vein thrombosis following elective

total hip replacement. Emisphere is in current discussions with a

potential partner to complete the development of oral heparin in a

collaborative arrangement. Two chronic toxicology studies have been

initiated for the heparin carrier.

-- Continuing clinical development of oral insulin; insulin/glucose clamp

and oral glucose challenge studies testing a new formulation are being

planned over a three month period beginning early next year.

Collaborative partnerships will then be investigated.

Emisphere has five products in Phase I:

-- An Investigational New Drug application ("IND")
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SOURCE Emisphere Technologies, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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