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Catalyst Pharmaceutical Partners Reports Fourth Quarter and Year-End 2008 Financial Results
Date:3/27/2009

$- $- $- $- Operating costs and expenses: Research and development 3,272,359 722,011 8,710,441 3,040,659 General and administrative 519,099 420,558 2,183,504 1,986,470 Total operating costs and expenses 3,791,458 1,142,569 10,893,945 5,027,129 Loss from operations (3,791,458) (1,142,569) (10,893,945) (5,027,129) Interest income 43,708 197,631 329,348 887,636 Loss before income taxes (3,747,750) (944,938) (10,564,597) (4,139,493) Provision for income taxes - - - - Net loss $(3,747,750) $(944,938) $(10,564,597) $(4,139,493) Net loss per share - basic and diluted $(0.27) $(0.08) $(0.81) $(0.33) Weighted average shares outstanding - basic and diluted 14,060,385 12,527,564 13,013,041 12,525,405 CATALYST PHARMACEUTICAL PARTNERS, INC. (a development stage company) CONDENSED BALANCE SHEETS December 31, 2008 2007 ASSETS Current assets: Cash and cash equivalents $11,766,629 $15,943,896 Interest receivable 12,153 63,709 Prepaid expenses 136,374 524,081 Total current assets 11,915,156 16,531,686 Property and equipment, net 96,376 127,788 Deposits 21,436 20,448 Total assets $12,032,968 $16,679,922
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SOURCE Catalyst Pharmaceutical Partners, Inc.
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