Interim Report January 1–March 31, 2009

The Morphic Group’s net turnover for the period was SEK 73.3m (108.0), a decrease of 32.1 percent. The operating loss was SEK -64.3m (-45.1). The Group reports a loss after financial items for the first quarter of SEK -61.1m (-40.1) and an after-tax loss of SEK -54.0m (-37.9). Earnings per share, attributable to parent company shareholders, were SEK -0.16 (-0.25). Consolidated cash and cash equivalents at the balance sheet date were SEK 202.7m (226.2), of which SEK 136.5m (101.2) refers to frozen assets. Cash flow from operating activities for the period was SEK -4.3m (-62.9). For more information, please contact: Johannes Falk, Director Investor Relations, Morphic Technologies AB (publ) Phone: +46 (0)70-676 73 93 E-mail: johannes.falk@morphic.se