MARTINSRIED, Germany, April 29, 2008 (PRIME NEWSWIRE) -- MorphoSys AG (Frankfurt:MOR) (Prime Standard Segment; TecDAX) today announced its financial results according to International Financial Reporting Standards (IFRS) for the first quarter ending March 31, 2008. Group revenues increased by 16% to EUR 16.3 million (Q1 2007: EUR 14.1 million) and operating profit tripled to EUR 4.1 million (Q1 2007: EUR 1.3 million). Net profit amounted to EUR 3.3 million (Q1 2007: EUR 0.6 million). At the end of the first quarter of 2008 MorphoSys’s cash position amounted to EUR 111.8 million (December 31, 2007: EUR 106.9 million).
