(Source: Business Wire)

Deltagen, Inc. (Pink Sheets: DGEN), a leading provider of drug discovery
tools to the biopharmaceutical industry, today reported unaudited
consolidated financial results for the three months ended June 30, 2009.
Revenues: The Company's consolidated revenues for the three
months ended June 30, 2009 totaled $0.282 million. The revenues were
attributable primarily to license fees associated with the provision of
knockout mice and related phenotypic data pursuant to orders placed by
customers under the Company's DeltaOneTM program.
Interest Income: The Company had interest income of $0.004
million for the three months ended June 30, 2009.
Expenses: Total consolidated expenses for the three months ended
June 30, 2009 were $0.435 million. The operating expenses were
attributable primarily to labor costs and other general and
administrative expenses, including $0.078 million in royalty and
commission expenses. The labor costs included a cumulative total of
$0.052 million paid to the Company's management team in May 2009, which
payment was the last of three installment payments relating to the
Company's May 31, 2007 dividend that were made under the Company's
Management Retention and Incentive Bonus Plan, which is discussed in
greater detail in the "Subsequent Events" section of Management's
Discussion and Analysis of Financial Conditions and Results of
Operations for the year ended December 31, 2006, which is posted on the
Company's website (www.deltagen.com).
Net Loss: Net loss before provision for income taxes for the
three months ended June 30, 2009 was $0.149 million.
Cash, Cash Equivalents and Accounts Receivable: As of June 30,
2009, the Company had $4.702 million in consolidated cash and cash
equivalents and $0.221 million in accounts receivable.
Subsequent Events: In July 2009, the Company's wholly-owned
subsidiary, Deltagen Europe, S.A., was dissolved and its cash holdings
($1.392 million) were transferred to the Company's U.S.-based bank.
The unaudited consolidated financial statements for the second quarter
of 2009, accompanying notes, and Management's Discussion and Analysis of
Financial Conditions and Results of Operations for such period will be
posted on Deltagen's website (www.deltagen.com).
About Deltagen
Deltagen, Inc. is a leading provider of drug discovery tools to the
biopharmaceutical industry. Deltagen offers access to its extensive
inventory of knockout mouse lines and related phenotypic data, which
enhance the efficiency of target validation and drug discovery. In
addition, Deltagen offers target validation data in the areas of
immunology and metabolic diseases. Deltagen's products and programs have
been validated by customers and partners such as Eli Lilly & Co.,
GlaxoSmithKline, Merck & Co., Inc. and Pfizer Inc. For more information
on Deltagen, visit the Company's website at www.deltagen.com.
Safe Harbor Statement
This press release contains "forward-looking statements," including
statements about Deltagen's future revenues, cash flows and operating
results, any possible future dividend declarations, third-party royalty
obligations and third-party licenses and intellectual property, the
impact of Deltagen's restructuring efforts, as well as other matters
that are not historical facts or information. These
forward-looking statements are based on management's current assumptions
and expectations and involve risks, uncertainties and other important
factors, specifically including those relating to Deltagen's ability to
achieve its operational objectives and revenue projections, that may
cause Deltagen's actual results to be materially different from any
future results expressed or implied by such forward-looking statements.
There are no assurances that the Company will declare any future
dividends. Information identifying such important risk factors is
contained in "Management's Discussion and Analysis of Financial
Conditions and Results of Operations", which can be found at Deltagen's
website at www.deltagen.com.