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Cadence Pharmaceuticals Reports Fourth Quarter and Full Year 2012 Financial Results
Date:3/7/2013

ess release to reflect events or circumstances after the date hereof.

Cadence® and OFIRMEV® are trademarks of Cadence Pharmaceuticals, Inc. Contact:

William R. LaRue

Kelli FranceSVP & Chief Financial Officer

Media RelationsCadence Pharmaceuticals, Inc.

WCGPhone: 858-436-1400

Phone: 415-946-1076 CADENCE PHARMACEUTICALS, INC.CONDENSED STATEMENTS OF OPERATIONS(unaudited)(in thousands, except share and per share amounts)Three Months EndedTwelve Months EndedDecember 31,December 31,2012201120122011Revenue:Product revenue, net

$   17,089$
5,889$   50,066$   11,486License revenues

85-1185,210Total revenues

17,1745,88950,18416,696Costs and expenses:Cost of product sales

7,1788,81823,25612,406Amortization of patent license

3353351,3431,567Research and development

1,0731,8836,5198,885Selling, general and administrative

20,03220,50186,84381,504Impairment of long-lived assets

7,723-7,723-Other

1,1601,0771,1741,076Total costs and expenses

37,50132,614126,858105,438Loss from operations

(20,327)(26,725)(76,674)(88,742)Other expense, net

(1,094)(881)(4,299)(4,279)Net loss

$ (21,421)$ (27,606)$ (80,973)$ (93,021)Basic and diluted net loss per share(1)

$
(0.25)$
(0.37)$
(0.95)$
(1.41)Shares used to compute basic anddiluted net loss per share(1)

85,59173,98285,55666,075(1)

There is a lack of comparability in the per share amounts between the periods presented as a result of the issuance of 21,800,000 shares of common stock pursuant to a public offering in November 2011. CADENCE PHARMACEUTICALS, INC.CONDENSED BALANCE SHEETS(in thousands)December 31,December 31,20122011(unaudited)AssetsCurrent assets:Cash, cash equivalents and short-term investments 

$
2,072$
27,227Restrict
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SOURCE Cadence Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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