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NeurogesX Reports First Quarter 2008 Results
Date:5/15/2008

p.com">scarrington@theruthgroup.com

jhoffman@theruthgroup.com

Jason Rando (media)

(646) 536-7025

jrando@theruthgroup.com

NeurogesX, Inc.

(A Development Stage Company)

Condensed Consolidated Statements of Operations

(in thousands, except share and per share data)

(unaudited)

Three Months Ended March 31,

2008 2007

Operating expenses:

Research and development(1) $5,781 $6,196

General and administrative(2) 2,487 1,653

Total operating expenses 8,268 7,849

Loss from operations (8,268) (7,849)

Interest income 504 203

Interest expense (243) (332)

Other income 17 59

Net loss (7,990) (7,919)

Accretion of redeemable convertible

preferred stock - (3,437)

Loss attributable to common stockholders $(7,990) $(11,356)

Net loss per common share - basic and diluted:

Loss per share attributable to

common stockholders $(0.46) $(17.25)

Shares used to compute basic and

diluted loss per share attributable

to common stockholders 17,468,395 658,364

Non-cash stock-based compensation expense

included in operating expenses:

(1) Research and development
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SOURCE NeurogesX, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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