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Renovis, Inc.

Renovis reports first quarter 2006 revenues of $2.5 million

Published in Mental Health Business Week, May 27th, 2006

Renovis, Inc. (RNVS) announced revenue for the first quarter ended March 31, 2006 of $2.5 million, which included $2.2 million from its collaboration with Pfizer Inc to discover and develop VR1 antagonists for pain and other indications.

This compares to first quarter 2005 revenue of $0.7 million from the company's collaboration with Genentech, Inc. in the areas of neurological disorders and antiangiogenesis.

Research and development expenses for the quarter ended March 31, 2006 were $6.9 million, compared to $8.4 million during the same period in 2005. The decrease in research and development expenses primarily reflects lower clinical development...

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