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Discovery Labs Reports First Quarter 2013 Financial Results
Date:5/7/2013

or provisions of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are subject to certain risks and uncertainties that could cause actual results, including projections of future cash balances and anticipated cash outflows, to differ materially from the statements made.  Examples of such risks and uncertainties include: risks that Discovery Labs will be unable to secure significant additional capital as needed, and may be unable in a timely manner, if at all, to identify potential strategic partners to support product development and, if approved, commercialize products in markets outside the U.S., or access its Deerfield Facility or other debt or equity financings, which could result in substantial equity dilution; risks related to the delay in commercial availability of SURFAXIN, including (a) Discovery Labs' plan to maintain its commercial and medical affairs capabilities and continue its investments in the AEROSURF® program limits its ability to reduce cash outflows, (b) it may be unable to timely respond to the FDA's recent correspondence, or the FDA may not review the response within four months or may not agree with the response, which could further delay or prevent the commercial introduction of SURFAXIN, and (c) it may lose access to $20 million under the Deerfield Facility if the delay extends beyond December 31, 2013; risks relating to efforts to commercialize SURFAXIN and AFECTAIR, including (1) whether Discovery Labs' commercial and medical affairs organizations will succeed in introducing the products, (2) whether the products will be approved by hospitals and will gain market acceptance and be preferred by healthcare providers over current products, (3) whether the products will generate revenues sufficient to fund Discovery Labs' research and development activities and support its operations, and (4) whether Discovery Labs will successfully develop a planned seco
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