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Arena Pharmaceuticals Announces Third Quarter 2011 Financial Results
Date:11/9/2011

Pharmaceuticals, Inc.Condensed Consolidated Statements of Operations (In thousands, except per share amounts)Three months endedNine months endedSeptember 30,September 30,2011201020112010(unaudited)(unaudited)RevenuesManufacturing services

$  1,713$  1,846$  4,390$  5,258Collaborative agreements

1,7465,7836,2537,343  Total revenues

3,4597,62910,64312,601Operating ExpensesCost of manufacturing services

1,5571,8146,2155,309Research and development

14,97820,15545,61658,971General and administrative

6,0296,86218,99620,636Restructuring charges

003,4670Amortization of acquired technology & other intangibles

1975418191,609  Total operating expenses

22,76129,37275,11386,525Interest and Other Income (Expense)Interest income

20107102338Interest expense

(3,211)(6,267)(11,087)(16,198)Gain (Loss) from valuation of derivative liabilities

(233)3,0233874,857Loss on extinguishment of debt

0(12,354)(10,514)(12,354)Other

(10)96840988  Total interest and other expense, net

(3,434)(14,523)(21,072)(22,369)Net loss

(22,736)(36,266)(85,542)(96,293)Deemed dividend related to beneficial conversion feature of convertible preferred stock

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

$(22,736)$(36,266)$(87,802)$(96,293)Net loss per share allocable to common stockholders, basic

$(0.16)$(0.31)$(0.64)$(0.91)Net loss per share allocable to common stockholders, diluted

$(0.16)$(0.31)$(0.64)$(0.91)Shares used in calculating net loss per share allocable to common stockholders, basic

145,965117,409136,860105,582Shares used in calculating net loss per share allocable to common stockholders, diluted

145,965117,409136,860105,582Arena Pharmaceuticals, Inc.Condensed Consolidated Balance Sheet Data(In thousands)September 30, 2011December 31, 2010(unaudited)(1)Assets  Cash and cash equivalents

$ 77,8
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SOURCE Arena Pharmaceuticals, Inc.
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