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Ardea Biosciences Reports Recent Accomplishments; Provides 2010 Outlook; Announces Fourth Quarter and Full-Year 2009 Financial Results and 2010 Financial Guidance
Date:3/12/2010

r income (expense) (225) (5) (916) 1,480 --- -- --- ----- Net loss (6,330) (12,666) (30,867) (54,995) ------ ------- ------- ------- Non-cash dividends on Series A preferred stock - - - (60) --- --- --- --- Net loss applicable to common stockholders $(6,330) $(12,666) $(30,867) $(55,055) ======= ======== ======== ======== Basic and diluted net loss per share applicable to common stockholders $(0.34) $(0.82) $(1.70) $(3.79) ====== ====== ====== ====== Shares used in computing basic and diluted net loss per share applicable to common stockholders 18,445 15,453 18,158 14,544 ====== ====== ====== ======
    
    
    
                    Condensed Consolidated Balance Sheet Data
                               (in thousands)
    
                                             December 31,  December 31,
                                                 2009          2008
                                            ------------- ------------
    
     Cash, cash equivalents and short-term
      investments                                $50,891      $57,743
     Total assets                                $55,065      $61,475
     Total stockholders' equity                  $24,741      $45,958
    
    
    

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SOURCE Ardea Biosciences, Inc.
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