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InterMune Reports Fourth Quarter And Full Year 2012 Financial Results And Business Highlights
Date:2/21/2013

rations in this and future financial statements and therefore do not appear in the comparisons above regarding on-going operations.

As of December 31, 2012, InterMune had cash, cash equivalents and available-for-sale securities of approximately $308.0 million. The year-end 2012 cash balances do not include net proceeds from InterMune's concurrent offerings of common stock and convertible notes, which were completed in January 2013.

Guidance for 2013 Revenue and Operating Expenses
The company reiterated its forward-looking financial guidance for Esbriet revenue and operating expenses in 2013:

  • Esbriet revenue: currently projected to be in a range of$40 to $70 million.  This includes projected revenue in a range of $40 to $55 million in countries where Esbriet is currently launched (Germany, France, Canada and seven mid-sized European countries), and projected revenue in a range of $0 to $15 million in countries where Esbriet pricing and reimbursement approval and launch is not yet concluded but is currently anticipated during 2013 (Italy, UK, Spain and three mid-sized European countries).  The guidance also accounts for the three to six quarters needed from the date of conclusion of an agreement on pricing and reimbursement to comply with regional and provincial reimbursement procedures in Italy, Spain and Canada before meaningful Esbriet revenues can be achieved in all regions or provinces in these countries.
  • R&D expense: currently anticipated to be in a range of $100 to $120 million.
  • SG&A expense: currently anticipated to be in a range of $145 to $165 million. 
  • Total Operating Expenses (R&D and SG&A): currently anticipated to be in a range of $245 to $285 million.
  • Conference Call and Webcast Details
    InterMune will host a live webcast of a conference call today at 4:30 p.m. EST to discuss business highlights and financial results for the fourth quarter and full
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    SOURCE InterMune, Inc.
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