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AcelRx Pharmaceuticals Reports First Quarter 2013 Financial Results
Date:5/8/2013

product candidates in the United States and Europe; its ability to attract funding partners or collaborators with development, regulatory and commercialization expertise; its ability to obtain sufficient financing to complete registration of its product candidates in the United States and Europe; the market potential for its product candidates; the accuracy of AcelRx Pharmaceuticals' estimates regarding expenses, capital requirements and needs for financing; and other risks detailed in the "Risk Factors" and elsewhere in AcelRx Pharmaceuticals' U.S. Securities and Exchange Commission filings and reports, including its Quarterly Report on Form 10-Q filed with the SEC today on May 8, 2013.  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.

(Logo: http://photos.prnewswire.com/prnh/20130226/MM67303LOGO )

 SELECTED FINANCIAL DATA(in thousands, except per share data)(unaudited) Three Months Ended March 31, 20132012Statement of Operations DataResearch grant revenue

$
940$
329Operating expenses:Research and development (1)

9,3184,771General and administrative (1)

2,1912,104Total operating expenses

11,5096,875Loss from operations

(10,569)(6,546)Interest expense

(454)(594)Other income (expense), net (2)

(1,739)75Net loss

$
(12,762)$
(7,065)Basic and diluted net loss per common share

$
(0.34)$
(0.36)Shares used in computing basic and diluted net

loss per common share

37,13319,607(1) Includes the following non-cash, stock-based compensation expense:Research and development<
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SOURCE AcelRx Pharmaceuticals, Inc.
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