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Anthera Pharmaceuticals Reports 2013 Third Quarter Financial Results, Clinical and Regulatory Update
Date:10/29/2013

OF OPERATIONS(in thousands, except share and per share data)(unaudited)Three months ended September 30,Nine months endedSeptember 30,2013201220132012Operating expenses:Research and development $

4,051$

9,527$

14,245$

42,130General and administrative 1,4701,5945,1305,715Total operating expenses 5,52111,12119,37547,845Loss from operations(5,521)(11,121)(19,375)(47,845)Other Income (expense):Other income  (expense) - net14(46)33(84)Interest expense (296)(806)(2,322)(2,557)Total other (expense)  - net(282)(852)(2,289)(2,641)Net loss $

(5,803)$

(11,973)$

(21,664)$

(50,486)(1)
Net loss per basic and diluted:$

(0.30)$

(1.38)$

(1.21)$

(7.97)(1)
Weighted-average number of shares used in per share calculation-basic and diluted19,196,1408,703,79017,937,0696,330,705 ANTHERA PHARMACEUTICALS, INC.(A Development Stage Company)BALANCE SHEET DATA(in thousands, except share data)(unaudited)September 30, 2013December 31,2012Cash and cash equivalents

$

31,561$

19,431Short term investments

$

479$

5,322Restricted cash

$

10,000$

—Total assets

$

44,335$

26,445Total current liabilities, excluding current portion of notes payable

$

2,810$

9,421Total notes payable

$

18,570$

20,550Deficit accumulated during development stage

$

(282,042)$

(260,378)Total shareholders' equity (deficit)

$

22,955$

(3,526)(1) Common shares outstanding

19,304,1169,893,949 

(1)

Weighted-average number of shares and net loss per share data for the three and nine months ended September 30, 2012, and common shares outstanding at December 31, 2012 have been adjusted to reflect reverse split of stock effectuated on July 1
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SOURCE Anthera Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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