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Idenix Pharmaceuticals Reports First Quarter 2008 Financial Results
Date:4/29/2008

nd development 14,868 22,554

Selling, general and administrative 8,321 15,840

Restructuring charges 260 ----

Total operating expenses 23,844 38,464

Loss from operations (21,800) (13,658)

Investment and other income, net 939 1,978

Loss before income taxes (20,861) (11,680)

Income tax benefit 401 111

Net loss $(20,460) $(11,569)

Basic and diluted net loss per share: ($0.36) ($0.21)

Shares used in calculation of basic and diluted

net loss per share: 56,274 56,126

(1) Stock-based compensation expenses included in

operating expenses amounted to approximately:

Research and development $660 $1,168

Selling, general and administrative 880 1,237

IDENIX PHARMACEUTICALS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(IN THOUSANDS)

(UNAUDITED)

March 31, December 31,

2008 2007

ASSETS

Cash and cash equivalents $54,613 $48,260

Marketable securities 30,947 39,862

Receivables from related party 940 11,196

Other current assets 3,440 4,401

Total current assets 89,940 103,719

Intangible assets, net 13,258 13,548<
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SOURCE Idenix Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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