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Aradigm Corporation

Aradigm Announces Fourth Quarter 2007 and Full Year Financial Results

The Company reported revenues for the three months ended December 31, 2007 of $18,000, compared with $808,000 for the same period in 2006. The decrease in revenue is primarily due to the Company's focus on proprietary development programs in the fourth quarter of 2007, versus partnered programs in the prior year. Total operating expenses for the fourth quarter of 2007 were $7.7 million, compared with total operating expenses of $6.5 million for the same period in 2006. This increase was due to timing of research and development...

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