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Isis Reports Strong Financial Results and Highlights for Second Quarter of 2009
Date:8/6/2009

ed, Six months ended, June 30, June 30, 2009 2008(1) 2009 2008(1) ------------------- ----------------- Revenue: (unaudited) (unaudited) Research and development revenue under collaborative agreements $30,768 $23,556 $60,453 $41,262 Licensing and royalty revenue 224 6,147 2,115 6,815 ------- ------- ------- ------- Total revenue 30,992 29,703 62,568 48,077 ------- ------- ------- ------- Expenses: Research and development 32,146 25,288 60,688 47,071 General and administrative 3,673 3,334 7,350 6,165 ------- ------- ------- ------- Total operating expenses 35,819 28,622 68,038 53,236 ------- ------- ------- ------- Income (loss) from operations (4,827) 1,081 (5,470) (5,159) Other income (expense): Investment income 1,678 2,302 3,812 5,336 Interest expense (3,155) (2,920) (6,236) (5,818) Gain on investments, net 2,612 - 2,671 - ------- ------- ------- ------- Income (loss) from continuing operations, before income tax benefit (expense) (3,692) 463 (5,223) (5,641) Income tax benefit (expense) (61) - 656 - ------- ------- ------- ------- Net income (loss) from continuing operations, net of income tax benefit (expense) (3,753) 463
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SOURCE Isis Pharmaceuticals, Inc.
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