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NeurogesX Reports Fourth Quarter and Year-End 2007 Financial Results
Date:3/26/2008

e period in 2006. After adjusting for non- cash stock-based compensation charges, operating expenses were $7.8 million for the three months ended December 31, 2007, compared to $7.3 million for the same period in 2006. Net loss per share attributable to common stockholders, which included the non-cash charges for accretion of preferred stock to redemption value, was $0.58 per share and $41.85 per share for the three months ended December 31, 2007 and 2006, respectively, based on weighted average shares of 13,570,572 and 384,565, respectively. The weighted average shares used in computing loss per share attributable to common stockholders excluded anti-dilutive securities such as stock options and warrants, and also redeemable preferred stock in periods prior to their conversion to common stock upon completion of NeurogesX' initial public offering.

For the twelve months ended December 31, 2007, total operating expenses were approximately $32.8 million, compared to $27.0 million for the same period in 2006. Net loss per share attributable to common stockholders, which included the non-cash charges for accretion of preferred stock to redemption value, was $4.06 per share and $116.20 per share for the twelve months ended December 31, 2007 and 2006, respectively, based on weighted average shares of 9,017,627 and 356,600, respectively. Cash, cash equivalents and short-term investments were $52.9 million as of December 31, 2007.

Conference Call Details

The Company will hold a conference call today at 5:00 p.m. ET (2:00 p.m. PT). To participate in the conference call, please dial 1-877-407-0789 (USA) or 1-201-689-8562 (International). In addition, a dial-up replay of the conference call will be available beginning March 26, 2008 at 8:00 p.m. ET (5:00 p.m. PT) and ending on April 5, 2008. The replay telephone number is 1-877-660-6853 (USA) or 1-201-612-7415 (International), Account Number: 3055, Conference ID Number: 275941.

A live web cast of the
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SOURCE NeurogesX, Inc.
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