TorreyPines Therapeutics Reports Fourth Quarter and Full Year 2007 Financial Results and ... (Total operating expenses 9021 ...)

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TorreyPines Therapeutics Reports Fourth Quarter and Full Year 2007 Financial Results and Highlights

Date:3/26/2008

Total operating expenses 9,021 15,026 33,620 34,652

Loss from operations (6,560) (12,565) (23,770) (24,802)

Other income (expense)

Interest income 370 827 2,069 1,559

Interest expense (171) (258) (817) (994)

Other income (expense), net (1,795) (1,142) (851) (1,140)

Total other income (expense) (1,596) (573) 401 (575)

Net loss (8,156) (13,138) (23,369) (25,377)

Dividends and accretion to

redemption value of

redeemable convertible

preferred stock - 3,534 - -

Net loss attributable to

common stockholders $ (8,156) $ (9,604) $(23,369) $(25,377)

Basic and diluted net loss

per share attributable to

common stockholders* $ (0.52) $ (0.89) $ (1.49) $ (8.18)

Weighted average shares used

in the computation of basic

and diluted net loss per

share attributable to

common stockholders* 15,738,297 10,782,225 15,717,984 3,100,852

* Basic and diluted net loss per share attributable to common stockholders

and weighted average shares outstanding were impacted by the conversion

of preferred stock and issuance of common stock in connection with the

Axonyx merger.

SOURCE TorreyPines Therapeutics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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