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Cadence Pharmaceuticals Reports Third Quarter 2012 Financial Results
Date:11/5/2012


(in thousands, except per share amounts)Three Months EndedNine Months EndedSeptember 30,September 30,2012201120122011Revenue:Product revenue, net

$
3,898$
3,541$
32,977$
5,597License revenues

--335,210Total revenues

13,8983,54133,01010,807Costs and expenses:Cost of product sales

6,0762,31816,0783,588Amortization of patent license

3363361,0081,232Research and development

2,2351,6565,4467,002Selling, general and administrative

20,03919,94366,81161,003Other

13-14(1)Total costs and expenses

28,69924,25389,35772,824Loss from operations

(14,801)(20,712)(56,347)(62,017)Other expense, net

(1,089)(1,117)(3,205)(3,398)Net loss

$
(15,890)$
(21,829)$
(59,552)$
(65,415)Basic and diluted net loss per share(1)

$
(0.19)$
(0.34)$
(0.70)$
(1.03)Shares used to compute basic and diluted net loss per share(1)

85,56063,61385,54463,410(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 shares of common stock pursuant to a public offering in November 2011 CADENCE PHARMACEUTICALS, INC.
CONDENSED BALANCE SHEETS
(in thousands)September 30,December 31,20122011(unaudited)AssetsCurrent assets:Cash, cash equivalents and short-term investments 

$
74,529$
27,227Restricted cash 

450450Accounts receivable, net 

6,8482,703Inventory 

4,8741,388Prepaid expenses and other current assets 

7411,161Total current assets

87,442132,929Property and equipment, net

10,00410,569Intangible assets, net

12,42513,433Restricted cash

190190Other assets

7,0217,039Total assets

$
7,082$
4,160Liabilities and Stockholders' Equit
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SOURCE Cadence Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
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