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Exelixis Announces First Quarter 2008 Financial Results
Date:5/6/2008

ectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
Exelixis and the Exelixis logo are registered U.S. trademarks.

- see attached financial tables -

EXELIXIS, INC.

CONSOLIDATED STATEMENT OF OPERATIONS DATA

(in thousands, except per share data)

(unaudited)

Three Months Ended

March 31,

2008 2007

Revenues:

Contract $18,626 $15,166

License 9,318 12,970

Total revenues 27,944 28,136

Operating expenses:

Research and development 65,973 50,210

General and administrative 8,691 11,211

Amortization of intangibles -- 72

Total operating expenses 74,664 61,493

Loss from operations (46,720) (33,357)

Other income (expense):

Interest income and other, net 2,511 3,594

Interest expense (961) (1,027)

Total other income 1,550 2,567

Loss before noncontrolling interest in

Symphony Evolution, Inc. (45,170) (30,790)

Loss attributed to noncontrolling interest in

Symphony Evolution, Inc. 3,896 6,589

Net loss $(41,274) $(24,201)

Net loss per sha
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SOURCE Exelixis, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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