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Depomed Reports First Quarter 2013 Financial Results
Date:5/8/2013

/www.depomed.com">www.depomed.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties including, but not limited to, those related to the commercialization of Gralise and Zipsor; the efforts of our collaboration partners to commercialize products; and other risks detailed in the company's Securities and Exchange Commission filings, including the company's Annual Report on Form 10-K for the year ended December 31, 2012 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. The inclusion of forward-looking statements should not be regarded as a representation that any of the company's plans or objectives will be achieved. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

CONTACT:
August J. Moretti
Depomed, Inc.
510-744-8000
amoretti@depomed.com

 

 DEPOMED, INC.CONDENSED STATEMENTS OF OPERATIONS(in thousands, except share and per share amounts)Three Months Ended March 31,20132012(Unaudited)(Unaudited)Revenues:Product sales$

9,129$

2,109Royalties14,0819,421License and other revenue2,9645,305Total revenues26,17416,835Costs and expenses:Cost of sales1,484518Research and development expense3,2983,482Selling, general and administrative expense25,96321,773Amortization of intangible asset962—Total costs and expenses31,70725,773Loss from operations(5,533)(8,938)Other income (expense)(46)143Benefit (Provision) for in
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