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Arena Pharmaceuticals Announces Fourth Quarter and Full Year 2011 Financial Results and Reviews Recent Developments
Date:3/14/2012

(1,806)28(1,766)1,016  Total interest and other expense, net

(5,353)(5,810)(26,425)(28,179)Net loss

(23,682)(28,241)(109,224)(124,534)Deemed dividend related to beneficial conversion feature of convertible preferred stock

00(2,260)0Net loss allocable to common stockholders

$(23,682)$(28,241)$(111,484)$(124,534)Net loss per share allocable to common stockholders:Basic

$(0.16)$(0.23)$(0.80)$(1.14)Diluted

$(0.16)$(0.23)$(0.80)$(1.14)Shares used in calculating net loss per share allocable to common stockholders:Basic

146,028121,415139,171109,573Diluted

146,028121,415139,171109,573Note: The Condensed Consolidated Statements of Operations has been derived from the audited financial statements for the year ended December 31, 2010 and from the unaudited financial statements for the year ended December 31, 2011.Arena Pharmaceuticals, Inc.Condensed Consolidated Balance Sheet Data(In thousands)December 31, 2011December 31, 2010**Assets  Cash, cash equivalents & short-term investments

$ 57,632$ 150,669  Accounts receivable

6073,499  Other current assets

2,0212,638  Land, property & equipment, net

82,06691,533  Acquired technology & other non-current assets

14,80318,023Total assets

$ 157,129$ 266,362Liabilities and Stockholders' Equity  Accounts payable and accrued liabilities

$
9,574$   10,680  Total deferred revenues

44,68248,077  Total derivative liabilities

1,6172,271  Total note payable to Siegfried

010,361  Total note payable to Deerfield **

14,69837,777  Total lease financing obligations & other long-term liabilities

75,99677,181  Total stockholders' equity

10,56280,015Total liabilities & stockholders' equity

$ 157,129$ 266,362* The Condensed Consolidated Balance Sheet Data has been derived from the audited financial sta
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SOURCE Arena Pharmaceuticals, Inc.
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