Novacea, Inc. Reports Third Quarter 2007 Financial Results

SOUTH SAN FRANCISCO, CA--(Marketwire - November 12, 2007) - Novacea, Inc. (NASDAQ: NOVC) today reported financial results for the third quarter of 2007. The company’s net loss for the third quarter of 2007 was $3.2 million, or $0.13 per share, as compared to a net loss of $6.9 million, or $0.30 per share, for the third quarter of 2006. As of September 30, 2007, cash, cash equivalents and marketable securities totaled $103.8 million, with an additional $6.1 million in accounts receivable.

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