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Cadence Pharmaceuticals Reports Fourth Quarter and Full Year 2007 Financial Results and Provides Corporate and Clinical Program Overview
Date:3/12/2008

s in salaries and related personnel costs (including an increase of $1.5 million in stock-based compensation charges) from the planned addition of general and administrative staff in 2007 as compared to 2006, and costs related to operating as a public company.

Financial Outlook for 2008

Cadence currently anticipates that total operating expenses for full year 2008 will be between $54 million and $59 million including an estimated $4 to $6 million in non-cash stock-based compensation expenses. Cadence expects that cash, cash equivalents and investments held for sale at December 31, 2008, will be between $41 million and $46 million.

Acetavance(TM) Clinical Program

-- In January 2008, Cadence announced topline results from two Phase III

clinical trials of Acetavance, Study 301 and Study 302. While Study

301, which evaluated Acetavance in the treatment of pain following

abdominal gynecologic surgery, successfully achieved several secondary

endpoints, including pain relief, global patient satisfaction and time

to administration of rescue medication, the study did not meet its

primary endpoint of demonstrating a statistically significant reduction

in patients' pain intensity levels over 48 hours compared to placebo.

Study 302, a Phase III clinical trial of Acetavance in fever,

successfully met its primary endpoint, demonstrating a statistically

significant reduction of fever over six hours compared to placebo. In

both studies, Acetavance demonstrated a favorable safety profile, which

was similar to placebo.

-- In January 2008, Cadence also initiated communications with the FDA to

obtain additional guidance regarding its clinical development program

for Acetavance. Cadence expects to receive such guidance from the FDA

in the second quarter of 2008. Based upon the outcome of these

communicatio
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SOURCE Cadence Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
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