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Halozyme Therapeutics Reports Third Quarter 2010 Financial Results
Date:11/5/2010

on Forms 10-K, 10-Q, and other filings with the Securities and Exchange Commission.Halozyme ContactRobert H. UhlSenior Director, Investor Relations(858) 704-8264ruhl@halozyme.comHalozyme Therapeutics, Inc.Condensed Consolidated Statements of OperationsThree Months EndedNine Months EndedSeptember 30, September 30,2010200920102009(unaudited)(unaudited)(unaudited)(unaudited)REVENUES:Product sales

$
98,100$
411,109$
95,440$
9,267Revenues under collaborative agreements

3,298,4072,617,7769,356,1516,558,145Total revenues

3,396,5073,028,88510,051,5917,227,412OPERATING EXPENSES:Cost of product sales

7,214102,63896,413151,939Research and development

12,448,86513,162,74835,840,47541,763,972Selling, general and administrative

3,374,0693,703,09910,488,56811,093,563Total operating expenses

15,830,14816,968,48546,425,45653,009,474OPERATING LOSS

(12,433,641)(13,939,600)(36,373,865)(45,782,062)Interest and other income, net

24,06529,31825,88986,391NET LOSS

$ (12,409,576)$ (13,910,282)$ (36,347,976)$ (45,695,671)Basic and diluted net loss per share

$
(0.13)$
(0.16)$
(0.39)$
(0.54)Shares used in computing basic and dilutednet loss per share

93,626,89389,570,54092,342,66585,086,456Halozyme Therapeutics, Inc.Condensed Consolidated Balance SheetsSeptember 30,December 31,20102009(unaudited)ASSETSCurrent assets:Cash and cash equivalents

$
89,840,588$   67,464,506Accounts receivable

2,622,0764,243,909Inventory

1,076,5801,159,551Prepaid expenses and other assets

4,891,5561,573,777Total current assets

98,430,80074,441,743Property and equipment, net

1,960,9352,708,016Total Assets

$   100,391,735$   77,149,759LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable

$
,828,069$
2,820,491Accrued expenses

5,052,7236,083,854Deferred revenue

4,900
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SOURCE Halozyme Therapeutics, Inc.
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