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Green Zone Watch at GreenArrowStock.com: Aradigm Corporation (ARDM).

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M2 PRESSWIRE-5 November 2009-GreenArrowStock.com: Green Zone Watch at GreenArrowStock.com: Aradigm Corporation (ARDM).(C)1994-2009 M2 COMMUNICATIONS

RDATE:05112009

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ARDM NEWS : Thursday, November 5, 2009. 7:00AM EST.

Aradigm Corporation (OTCBB:ARDM) (the "Company") today announced financial results for the third quarter and nine months ended September 30, 2009 and recent highlights.

Revenue for the third quarter of 2009 was $4.9 million, compared to revenue of $0.2 million for the third quarter of 2008. The bridging study fee, milestone payment and research and development reimbursements received in connection with the collaboration with Lung Rx, Inc. ("Lung Rx") for the development of inhaled treprostinil in the AERx delivery system which had previously been recorded as deferred revenue were recognized in the third quarter upon termination of the collaboration by Lung Rx.

Total operating expenses for the third quarter of 2009 were $5.4 million, compared to total operating expenses of $4.8 million for the third quarter of 2008. The increase in operating expenses resulted from the Company recording, in accordance with generally accepted accounting principles, $1.6 million in asset impairment expense associated with the...

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