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Cempra, Inc. Reports Fourth Quarter and Full Year 2012 Financial and Operating Results
Date:2/28/2013

r which proceeds are to be used for general corporate and working capital purposes including the funding of clinical trials
  • Initiated the TAKSTA Phase 2 clinical trial in patients with prosthetic joint infections (PJIs)
  • Initiated the oral solithromycin Phase 3 clinical trial in patients with community-acquired bacterial pneumonia

    • Clinical program updateThe company is primarily focused on the development of its two lead clinical-stage antibiotic candidates, the fluoroketolide, solithromycin, in clinical development for CABP and uncomplicated gonococcal infections and TAKSTA, the oral antibiotic being developed for prosthetic joint infections.  The company expects the following events to occur during 2013:

    Solithromycin

  • 1H13: End of Phase 2 meeting with the FDA
  • 2H13: Initiation of the IV-to-oral Phase 3 clinical trial in CABP, subject to available resources

    • TAKSTA

  • 4Q13: Top-line results of the Phase 2 trial in PJI patients

    • Financial GuidanceCempra expects its research and development expense to increase due to the initiation of the solithromycin Phase 3 and the TAKSTA Phase 2 clinical trials during the fourth quarter of 2012.  The company's cash and equivalents are expected to be sufficient to fund current operations into 2015.  This projection does not include initiation of the planned IV-to-oral solithromycin Phase 3 trial.

    Conference Call and WebcastThe conference call may be accessed by dialing 877-377-7553 for domestic callers and 253-237-1151 for international callers. Please specify to the operator that you would like to join the "Cempra, Inc., Full year 2012 Financial Results Call, conference ID#: 12497222." The conference call will be webcast live under the investor relations section of Cempra's website at www.cempra.com, and will be archived there for 30 days following the call. Please visit Cempra's website several
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    SOURCE Cempra, Inc.
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