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InterMune Reports Third Quarter 2010 Financial Results
Date:10/28/2010

connection with the fully discussed risks and other factors discussed in detail in the Form 10-K and InterMune's other periodic reports filed with the SEC, all of which are available via InterMune's web site at www.intermune.com.Actimmune® is a registered trademark of InterMune, Inc.  

Financial tables follow:InterMune, Inc.PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited, in thousands, except per share amounts)Three Months EndedNine Months EndedSeptember 30September 302010200920102009Revenue, net  Actimmune

$

4,836 $

6,493 $

15,174 $

19,635  Collaboration revenue818 20,818 2,454 22,454   Total revenue, net5,654 27,311 17,628 42,089 Costs and expenses:  Cost of goods sold1,291 1,019 5,099 5,737  Research and development15,623 20,608 50,824 67,965  General and administrative10,884 9,916 38,747 26,911  Acquired research and development milestones-   ,750 -   15,250  Restructuring charges55 ,371 795 Total costs and expenses27,908 33,348 96,041 116,658 Loss from operations(22,254)(6,037)(78,413)(74,569)Interest income99 331 409 1,498 Interest expense(2,100)(2,714)(6,279)(7,934)Loss on extinguishment of debt, net-   (724)-   (10,264)Other income (expense)(29)396 576 6,043 Loss from operations before income taxes(24,284)(8,748)(83,707)(85,226)Income tax expense-   23 -   2,217 Net loss

$

(24,284)$

(8,771)$

(83,707)$

(87,443)Net loss per share

$

(0.44)$

(0.19)$

(1.55)$

(2.00)Shares used in computing basic and diluted net loss per share54,933 45,431 53,918 43,810 InterMune, Inc.PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited, in thousands)September 30,December 31,20102009Cash, cash equivalents and available-for-sale securities

$

133,460 $

99,604 Other assets10,459 15,123  Total a
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SOURCE InterMune, Inc.
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