PLEASANTON, CA--(Marketwire - May 12, 2008) - Lipid Sciences, Inc. (NASDAQ: LIPD) today reported financial results for the first quarter of 2008. For the three months ending March 31, 2008, the Company reported a net loss of $2.2 million, or $0.06 per share on a basic and diluted basis. This compares with a net loss of $2.5 million, or $0.07 per share, on a basic and diluted basis, for the same period in 2007. The financial results for the first quarter of 2008 and 2007, include revenue of $250,000 and $59,000 respectively, related to a collaborative research agreement entered into with Elanco Animal Health in November 2006.
