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AcelRx Pharmaceuticals Reports First Quarter 2012 Financial Results
Date:5/8/2012

product candidates; its ability to obtain adequate clinical supplies of the drug and device components of its product candidates; its ability to attract funding partners or collaborators with development, regulatory and commercialization expertise; its ability to obtain sufficient financing to complete development and registration of its product candidates in the United States and Europe; its ability to obtain and maintain regulatory approvals of its product candidates; the market potential for its product candidates; the accuracy of AcelRx Pharmaceuticals' estimates regarding expenses, capital requirements and needs for financing; AcelRx Pharmaceuticals' ability to repay a portion of the principal under the loan and security agreement with Hercules with common stock; and other risks detailed in the "Risk Factors" and elsewhere in AcelRx Pharmaceuticals' U.S. Securities and Exchange Commission filings and reports, including its Annual Report on Form 10-K for the year ended December 31, 2011 and the Quarterly Report on Form 10-Q for the three months ended March 31, 2012.  AcelRx Pharmaceuticals undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

 SELECTED FINANCIAL DATA(in thousands, except per share data)(unaudited) Three Months Ended March 31, 20122011Statement of Operations DataResearch grant revenue

$
329$
-Operating expenses:Research and development (1)

4,7711,946General and administrative (1)

2,1041,589Total operating expenses

6,8753,535Loss from operations

(6,546)(3,535)Interest expense

(594)(1,359)Interest income and Other income (expense), net

751,690Net loss

$
(7,065)$
(3,204)Basic and diluted net loss per common share

$
(0.36)$
(0.30)Shares used in computing basic and diluted net loss per common share'/>"/>

SOURCE AcelRx Pharmaceuticals, Inc.
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