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Arena Pharmaceuticals Announces Second Quarter 2009 Financial Results and Recent Developments
Date:8/3/2009

-- ---- (unaudited) (unaudited) Revenues Manufacturing services $1,508 $2,000 $2,926 $4,019 Collaborative agreements 920 645 2,160 1,235 ----- ----- ----- ----- Total revenues 2,428 2,645 5,086 5,254 Operating Expenses Cost of manufacturing services 1,643 2,290 2,997 4,620 Research and development 24,205 56,206 66,825 103,574 General and administrative 5,660 7,153 13,302 16,014 Restructuring charges 3,324 - 3,324 - Amortization of acquired technology & other intangibles 573 588 1,139 1,169 ------ ------ ------ ------- Total operating expenses 35,405 66,237 87,587 125,377 Interest and other income (expense), net (5,006) (1,677) (6,096) 389 -------- -------- -------- --------- Net loss (37,983) (65,269) (88,597) (119,734) Dividends on redeemable convertible preferred stock - (546) - (1,086) --------- --------- --------- ---------- Net loss allocable to common stockholders $(37,983) $(65,815) $(88,597) $(120,820) ========= ========= ========= ========== Net loss per share allocable to common stockholders, basic & diluted $(0.48) $(0.89) $(1.16) $(1.64) ======= ======= ======= ======= Shares used in calculating net loss per share allocable to common stockholders,
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SOURCE Arena Pharmaceuticals, Inc.
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