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Cempra, Inc. Reports First Quarter 2013 Financial and Operating Results
Date:4/25/2013

r, and market acceptance of, any of our products, including solithromycin and Taksta; our ability to produce and sell any approved products and the price we are able realize for those products; our ability to retain and hire necessary employees and to staff our operations appropriately; our ability to compete in our industry; innovation by our competitors; and our ability to stay abreast of and comply with new or modified laws and regulations that currently apply or become applicable to our business.  The reader is referred to the documents that we file from time to time with the Securities and Exchange Commission.

CEMPRA, INC.SELECTED FINANCIAL INFORMATIONCondensed Consolidated Balance Sheets(in thousands)March 31,

December 31, 20132012ASSETS

(unaudited)Current assetsCash and equivalents

$ 60,152

$ 70,109Prepaid expenses

644

265Total current assets

60,796

70,374Furniture, fixtures and equipment, net

56

43Deposits

321

321Total assets

$ 61,173

$ 70,738LIABILITIESCurrent liabilitiesAccounts payable

$ 1,608

$ 2,172Accrued expenses

999

342Accrued payroll and benefits

212

604Current portion of long-term debt

3,008

2,227
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SOURCE Cempra, Inc.
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