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InterMune Reports Fourth Quarter and Full Year 2009 Financial Results and Business Highlights
Date:2/17/2010

span class="xn-money">$28.6 million, or $0.62 per share, compared with a net loss of $33.8 million, or $0.87 per share, in 2008.  Net loss for the full year was $116.0 million, or $2.62 per share, compared with a net loss of $106.5 million, or $2.73 per share, in 2008.    

As of December 31, 2009, InterMune had cash, cash equivalents and available-for-sale securities of approximately $99.6 million, which does not include net proceeds of $106.8 million from the public offering completed on January 29, 2010.

Accelerated DOJ Payment

As prescribed in the company's 2006 Settlement Agreement with the Department of Justice (DOJ), InterMune made an accelerated payment to the DOJ in early 2010 of approximately $9.2 million. As a result, the balance of the company's liability under the settlement is satisfied and no further payments will be due pursuant to the Settlement Agreement.  

Financial Guidance for 2010

Due to the significant pirfenidone-related regulatory events anticipated in the first half of 2010, InterMune currently expects to provide forward-looking financial guidance for 2010 following completion of those events.

Conference Call and Webcast Details

InterMune will host a conference call today at 4:30 p.m. EST to discuss its financial results for the fourth quarter and full year 2009, and forward-looking information regarding upcoming milestones in 2010.  Interested investors and others may participate in the conference call by dialing 88
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SOURCE InterMune, Inc.
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1. InterMune Announces Approval of Clinical Trial Authorization for Phase 1b Trial of ITMN-191
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4. InterMune Provides Additional Information on ITMN-191 (R7227) MAD Study Results
5. InterMune Announces Progress on Pirfenidone in IPF
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9. InterMune to Report Top-Line Results of Triple Combination Study of ITMN-191 in January 2009
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