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Array BioPharma Reports Financial Results for the Third Quarter of Fiscal 2013
Date:5/6/2013

al sites and in enrolling patients who meet the criteria for certain clinical trials; risks associated with our dependence on third-party service providers to successfully conduct clinical trials within and outside the United States; our ability to achieve and maintain profitability and maintain sufficient cash resources; the extent to which the pharmaceutical and biotechnology industries are willing to in-license drug candidates for their product pipelines and to collaborate with and fund third parties on their drug discovery activities; our ability to out-license our proprietary candidates on favorable terms; and our ability to attract and retain experienced scientists and management. We are providing this information as of May 6, 2013. We undertake no duty to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements or of anticipated or unanticipated events that alter any assumptions underlying such statements.

CONTACT:

Tricia Haugeto (303) 386-1193 thaugeto@arraybiopharma.com 

 Array BioPharma Inc.Condensed Statements of Operations(Unaudited)(in thousands, except per share amounts)Three Months Ended
March 31,Nine Months Ended
March 31,2013201220132012RevenueLicense and milestone revenue$
,848$  15,970$ 33,340$ 53,627Collaboration revenue3,1073,14310,82510,844Total revenue9,95519,11344,16564,471Operating expensesCost of revenue8,6245,29123,07218,002Research and development for proprietaryprograms15,10516,09442,58041,842General and administrative5,0013,22614,39010,728Total operating expenses28,73024,61180,04270,572Loss from operations(18,775)(5,498)(35,877)(6,101)Other income (expense)Interest income1884217Interest expense(2,837)(2,678)(8,456)(9,470)Total other expense, net(2,819)(2,670)(8,414)(9,453)Net loss$   (21,594)$   (8,168)$(44,291)$(15,554)Weighted averag
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