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Cadence Pharmaceuticals Reports Third Quarter 2008 Financial Results and Provides Clinical Development Programs Update
Date:11/6/2008

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.

CADENCE PHARMACEUTICALS, INC.

(a development stage company)

CONDENSED BALANCE SHEETS

September 30, December 31,

2008 2007

(unaudited)

Assets

Current assets:

Cash and cash equivalents $61,062,863 $55,392,921

Restricted cash 2,195,696 1,981,848

Prepaid expenses 337,450 751,046

Other current assets 126,615 208,275

Total current assets 63,722,624 58,334,090

Property and equipment, net 5,930,562 5,139,538

Restricted cash 537,586 885,434

Other assets 153,880 252,963

Total assets $70,344,652 $64,612,025

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $4,203,333 $1,974,991

Accrued liabilities 10,362,610 13,901,770

Current portion of long-term debt 8,320,222 5,617,928

Total current liabilities 22,886,165 21,494,689

Deferred rent 1,027,823 1,224,869

Long-term debt, less current portion

and discount 7,516,133 13,412,349

Other long-term liabilities
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SOURCE Cadence Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8

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