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Neurocrine Biosciences Reports Third Quarter 2013 Results
Date:10/29/2013

ay limit demand for the Company's products; and the other risks described in the Company's report on Form 10-K for the year ended December 31, 2012 and report on Form 10-Q for the quarters ended March 31, 2013 and June 30, 2013. Neurocrine 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, 2013201220132012Revenues:Sponsored research and development 

$
-$
,369$
-$
4,938License fees7297,9882,18926,255Total revenues7299,3572,18931,193Operating expenses:Research and development9,4909,86030,33028,066General and administrative3,2453,32410,00710,126Cease-use expense

-135-135Total operating expenses12,73513,31940,33738,327Loss from operations(12,006)(3,962)(38,148)(7,134)Other income:Gain on sale/disposal of assets6-3825Deferred gain on real estate7817592,3442,276Investment income, net93123317359Other (loss) income, net(5)219Total other income8758842,7002,669Net loss

$ (11,131)$  (3,078)$ (35,448)$  (4,465)Net loss per common share:Basic and diluted$
(0.17)$
(0.05)$
(0.53)$
(0.07)Shares used in the calculation of net loss per common share:Basic and diluted67,19966,34266,86865,355 

 NEUROCRINE BIOSCIENCES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) September 30, 2013December 31,2012Cash, cash equivalents and short-term marketable securities

$
56,911$
73,013Other current assets

2,30716,251Total current assets

159,218189,264Property and equipment, net

1,7391,900Long-term investments

675480Restricted cash

4,3354,335Total assets

$
5,967$
9
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SOURCE Neurocrine Biosciences, Inc.
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