SOUTH SAN FRANCISCO, CA--(Marketwire - August 11, 2008) - Novacea, Inc. (NASDAQ: NOVC) today reported net income for the second quarter of 2008 of $47.1 million, or $1.82 per share, which resulted primarily from the recognition of $52.4 million in revenue that had been previously deferred related to the $60 million in upfront payments received from Schering-Plough Corporation ("Schering") in July 2007.
