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Transcept Pharmaceuticals Reports Fourth Quarter and Year End 2008 Financial Results
Date:3/23/2009

ers $(6,119,371) $(4,766,077) =========== =========== Basic and diluted net loss per share $(1.93) $(1.92) ====== ====== Weighted average common shares outstanding 3,172,020 2,480,077 ========= ========= Period From Year Ended Inception December 31, (January 8, 2002) ------------ to 2008 2007 December 31, 2008 ---- ---- ----------------- Operating expenses: Research and development $10,381,064 $15,884,675 $43,327,401 General and administrative 7,924,353 5,300,352 20,992,723 Merger related transaction costs 1,966,763 - 1,966,763 --------- --- --------- Total operating expenses 20,272,180 21,185,027 66,286,887 ---------- ---------- ---------- Loss from operations (20,272,180) (21,185,027) (66,286,887) Interest income 741,829 2,028,583 3,832,056 Interest expense (765,570) (1,195,099) (2,365,647) Other income (expense), net 336,546 (32,963) 244,240 Interest expense related to bridge loan warrants - - (535,195) --- --- -------- Net loss (19,959,375) (20,384,506) (65,111,433) D
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SOURCE Transcept Pharmaceuticals, Inc.
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