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Novacea, Inc. (NOVC) Reports Third Quarter 2008 Financial Results



11/11/2008 10:42:47 AM

SOUTH SAN FRANCISCO, CA--(Marketwire - November 10, 2008) - Novacea, Inc. (NASDAQ: NOVC) today reported a net loss for the third quarter of 2008 of $6.9 million, or $(0.27) per share, and net income of $39.1 million, or $1.51 per share, for the nine months ended September 30, 2008. This compares to a net loss for the third quarter of 2007 of $3.2 million, or $(0.13) per share, and a net loss of $29.9 million, or $(1.26) per share, for the nine months ended September 30, 2007. As of September 30, 2008, cash and cash equivalents, marketable securities and interest receivable totaled $90.0 million.

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