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Neurocrine Biosciences Reports Third Quarter 2011 Results
Date:10/31/2011

urocrine undertakes no obligation to update the statements contained in this press release after the date hereof.NEUROCRINE BIOSCIENCES, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share data)(unaudited)Three Months Ended
September 30,  

Nine Months Ended
September 30,  2011  

2010  

2011  

2010  Revenues:Sponsored research and development$  2,396

$  5,210

$  8,589

$  6,519Milestones and license fees39,238

9,238

57,714

13,325Total revenues41,634

14,448

66,303

19,844Operating expenses:Research and development7,456

8,227

22,949

23,086General and administrative3,825

3,635

9,790

9,950Cease-use expense(87)

120

89

401Total operating expenses11,194

11,982

32,828

33,437Income (loss) from operations30,440

2,466

33,475

(13,593)Other income:Gain on sale/disposal of assets86

34

184

202Deferred gain on real estate736

715

2,209

2,145Investment income, net102

118

341

732Other income, net18

31

59Total other income942

867

2,765

3,138Net income (loss)$  31,382

$  3,333

$  36,240

$  (10,455)Net income (loss) per common share:Basic$  0.57

$  0.06<
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SOURCE Neurocrine Biosciences, Inc.
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