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Cadence Pharmaceuticals Reports First Quarter 2008 Financial Results and Provides Clinical Program Update


2008 2007

Operating expenses:

Research and development $10,478,047 $8,241,804

Marketing 583,702 302,183

General and administrative 2,667,038 1,827,592

Other 28,257 -

Total operating expenses 13,757,044 10,371,579

Loss from operations (13,757,044) (10,371,579)

Other income (expense):

Interest income 550,380 1,031,890

Interest expense (506,856) (220,009)

Other expense (3,395) -

Total other income, net 40,129 811,881

Net loss $(13,716,915) $(9,559,698)

Basic and diluted net loss

per share(1) $(0.42) $(0.34)

Shares used to compute basic

and diluted net loss per

share(1) 32,921,093 28,402,352

(1) As a result of the issuance of 9,240,307 shares of common stock

pursuant to an effective shelf registration in the first quarter of

2008, there is a lack of comparability in the per share amounts

between the 2008 and 2007 periods presented.


(a development stage company)


March 31, December 31,

2008 2007



Current assets:

Cash and cash equivalents $91,443,447 $55,392,921

Restricted cash 1,981,848 1,981,848

Prepaid expense

SOURCE Cadence Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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