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Transcept Pharmaceuticals Reports First Quarter 2009 Financial Results
Date:5/13/2009

Loss attributable to common stockholders $(8,537,764) $(5,072,336) $(74,107,071) Basic and diluted net loss per share $(0.95) $(14.11) Weighted average common shares outstanding 9,003,067 359,602 

    Transcept Pharmaceuticals, Inc.
    Balance Sheets
                                          March 31,     December 31,
                                            2009            2008
    Assets                               (Unaudited)
    Current assets:
      Cash and cash equivalents          $35,039,350    $4,431,505
      Marketable securities               45,926,992     7,250,987
      Prepaid and other current assets     1,878,460       381,836
      Restricted cash                        200,000       200,000
    Total current assets                  83,044,802    12,264,328
    Property and equipment, net            1,457,536     1,450,216
    Goodwill                               2,961,664             -
    Other assets                             826,243        65,970
    Total assets                         $88,290,245   $13,780,514

    Liabilities, convertible preferred
     stock and stockholders' equity (net
     capital deficiency)
    Current liabilities:
      Accounts payable                    $1,314,743      $575,269
      Accrued liabilities                  3,098,358     1,468,415
      Assumed lease liability,
       short-term portion                    233,568             -
      Loan payable, short-term portion        42,139     3,347,010
    Total current liabilities              4,688,808     5,390,694
    Warrant liability                              -       599,845
    Deposit for stock purchase                75,697        87,656
    Deferred rent                             82,695        77,044
    Assumed lease liability,
     long-term portion                       583,919             -
    Loan payab
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SOURCE  Transcept Pharmaceuticals, Inc.
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