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Hepatitis C Virus

XTL Biopharmaceuticals Announces Financial Results for the Year Ended December 31, 2006

Published in Hepatitis Weekly, March 26th, 2007

XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB; LSE: XTL; TASE: XTL), a biopharmaceutical company engaged in the acquisition, development and commercialization of therapeutics for the treatment of unmet medical needs, particularly neuropathic pain and hepatitis C, announced its financial results for the year ended December 31, 2006.

At December 31, 2006, the Company had cash, cash equivalents and short-term bank deposits of $25.2 million, compared to cash and cash equivalents of $13.4 million at December 31, 2005. The year-over-year increase of $11.8 million is attributable primarily to the Company's completion in May of a private placement of ordinary shares yielding $24.4...

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