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Discovery Labs Reports Third Quarter 2013 Financial Results
Date:11/12/2013

ed during regulatory reviews, may require significant additional activities, or may not accept or may withhold or delay consideration of applications, or may not approve or may limit approval of Discovery Labs' products, and (ii) changes in the national or international political and regulatory environment may make it more difficult to gain regulatory approvals; other risks, including those related to (1) continued compliance with The Nasdaq Capital Market listing requirements, (2) Discovery Labs' efforts to maintain and protect the patents and licenses related to its products, (3) whether it or its strategic partners will be able to attract and retain qualified personnel, (3) other companies' competing products, (3) legal proceedings, and (4) health care reform; and other risks and uncertainties described in Discovery Labs' filings with the Securities and Exchange Commission including the most recent reports on Forms 10-K, 10-Q and 8-K, and any amendments thereto.  

Condensed Consolidated Statement of Operations
(in thousands, except per share data)Three Months EndedNine Months EndedSeptember 30,September 30(unaudited)(unaudited)2013201220132012Revenue from collaborative arrangement and grants

$$
8211;$
315$
8211;Operating expenses: (1)Research and development

6,5745,74321,90915,482Selling, general and administrative

4,2994,25512,6489,912Total expenses

10,8739,99834,55725,394Operating loss

(10,813)(9,998)(34,242)(25,394) 

Change in fair value of common stock warrant liability

(1,059)(3,309)1,627(5,063)Interest and other income / (expense), net

(352)(39)(871)(43)Net loss

$
(12,224)$
(13,346)$
(33,486)$
(30,500)Net loss per common share:Basic

$
(0.22)$
(0.31)$
(0.68)$
(0.80)Diluted

$
(0.22)$
(0.31)$
(0.69)$
(0.80)Weighted avg. common shares outstanding:Basic
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SOURCE Discovery Laboratories, Inc.
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