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Cadence Pharmaceuticals Reports Second Quarter 2009 Financial Results
Date:8/5/2009

eeds from the private placement of the company's common stock completed in February 2009, resulting in proceeds, net of offering costs, of approximately $86.2 million.

Financial Outlook for 2009

Cadence currently anticipates that total operating expenses for 2009 will be between $50.0 million and $55.0 million. The increase in anticipated operating expenses for 2009 as compared to the guidance given in March is the result of the acceleration of the company's efforts to prepare for the commercialization of Acetavance given the Priority Review status granted to the NDA for this product candidate in July and the resulting PDUFA goal date of November 13, 2009. With the acceleration of Cadence's pre-commercialization activities, and assuming a total of $15.0 million in regulatory milestone payments as required under the company's license agreement if the NDA is approved during the fourth quarter of 2009, cash and cash equivalents at December 31, 2009 are expected to be between $61.0 million and $65.0 million.

Conference Call and Webcast on August 5, 2009 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)

Cadence management will host a conference call on August 5, 2009 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) and interested investors may participate in the conference call by dialing 877-856-1961 (domestic) or 719-325-4779 (international). To access the webcast, please visit the company's website at www.cadencepharm.com and go to the Investor Relations page. A replay of the webcast will be available approximately two hours after the call and remain available on the company's website until the next quarterly financial results call.

About Cadence Pharmaceuticals, Inc.

Cadence Pharmaceuticals is a biopharmaceutical company focused on in-licensing, developing and commercializing propri
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SOURCE Cadence Pharmaceuticals, Inc.
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