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diaDexus, Inc. Reports 2011 First Quarter Financial Results
Date:5/16/2011

diaDexus' limited revenue and cash resources; the adequacy of the company's intellectual property rights; and diaDexus' significant corporate expenses, including expenses associated with being a public company and real estate liabilities. Additional factors that could cause diaDexus' results to differ materially from those described in the forward-looking statements can be found in diaDexus' most recent annual report on Form 10-K, quarterly report on Form 10-Q, and other reports filed with the Securities and Exchange Commission, and available at the SEC's web site at www.sec.gov. The information set forth herein speaks only as of the date hereof, and diaDexus disclaims any intention and does not assume any obligation to update or revise any forward looking statement, whether as a result of new information, future events or otherwise. -- Tables to follow –DIADEXUS, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except share data)(unaudited)Three Months Ended
March 31,20112010Revenues:  License revenue$

76$

76  Royalty revenue1,005879  Product sales2,2401,512  Product sales to related party—199Total revenues3,3212,666Operating costs and expenses:  Product costs1,132987  Sales and marketing1,1071,278  Research and development1,492932  General and administrative2,114725Total operating costs and expenses5,8453,922Loss from operations(2,524)(1,256)Interest, income expense and other income (expense), net  Interest income173  Interest expense—(112)  Other income —2Loss before income tax(2,507)(1,363)  Income tax (3)(5)Net loss$

(2,510)$

(1,368)Basic and diluted net loss per share:$

(0.05)$

(0.07)Weighted average shares used in computing basic and diluted net loss per share53,067,05719,059,144DIADEXUS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except share data)March&#
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