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InterMune Reports First Quarter 2011 Financial Results and Business Highlights
Date:4/28/2011

mune.com.Actimmune® and Esbriet® are registered trademarks of InterMune, Inc.  

Financial tables follow:InterMune, Inc.PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited, in thousands, except per share amounts)Three Months EndedMarch 3120112010Revenue, net  Actimmune

$

5,052$

5,264  Collaboration revenue1,300818   Total revenue, net6,3526,082Costs and expenses:  Cost of goods sold2,2862,643  Research and development16,83820,477  General and administrative17,57615,131Total costs and expenses36,70038,251Loss from operations(30,348)(32,169)Interest income138177Interest expense(1,787)(2,101)Other income (expense)(106)15Loss from operations before income taxes(32,103)(34,078)Income tax expense (benefit)--Net loss

$

(32,103)$

(34,078)Basic and diluted loss per share:Net loss per share

$

(0.57)$

(0.66)Shares used in computing basic and diluted net loss per share56,37751,930InterMune, Inc.PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited, in thousands)March 31December 31,20112010Cash, cash equivalents and available-for-sale securities

$

254,282$

295,073Acquired product rights20,000-Other assets11,35110,074  Total assets

$

285,633$

305,147Total other liabilities

$

24,692$

26,547Convertible senior notes85,000129,300Stockholders’ equity (deficit)175,941149,300  Total liabilities and stockholders’ equity (deficit)

$

285,633$

305,147
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SOURCE InterMune, Inc.
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