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Speedel Pharma AG Hirschgässlein 11 4051 Basel, Switzerland http://www.speedel.com
Contact Frank LaSaracina +1 732-537-2290
SP
Speedel Pharma AG

Speedel announces financial results for second Quarter 2008

Quarterly operating loss further reduced

(PresseBox) (Basel/Switzerland and Bridgewater NJ/USA, )
Speedel Holding Ltd. (SWX: SPPN) today announced financial results for the second quarter and the first six months ending 30 June 2008.

Financial Highlights
- CHF 5.7 million recognised as revenues for H1 2008 from sales of SPP100/Aliskiren (Rasilez/Tekturna®) [5] by Novartis
- Reduced operating expenses: CHF 27.8 million in H1 2008
- Liquid assets of CHF 82.7 million as of 30 June 2008

Konrad P. Wirz, Chief Financial Officer, commented: "It is important to note that Speedel's financial performance continues to be in line with our guidance - in particular due to reduced operating expenses as a result of focussing V&M dodevaht gd qsl qdcd eyzzlcbrp woryeirc."

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