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Lexicon Pharmaceuticals Provides Clinical Pipeline Update and Reports 2013 First Quarter Financial Results
Date:5/10/2013

ctors is contained under "Risk Factors" in Lexicon's annual report on Form 10-K for the year ended December 31, 2012, as filed with the Securities and Exchange Commission.  Lexicon undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.Lexicon Pharmaceuticals, Inc. 

Selected Financial DataConsolidated Statements of Operations DataThree Months EndedMarch 31,(In thousands, except per share data)20132012(unaudited)Revenues:Collaborative research$
284$
52Subscription and license fees76148Total revenues360300Operating expenses:Research and development, including stock-based compensationof $1,330 and $1,037, respectively20,32723,037Increase in fair value of Symphony Icon, Inc. purchase liability 1,2642,081General and administrative, including stock-based compensationof $779 and $681, respectively4,3244,565Total operating expenses25,91529,683Loss from operations(25,555)(29,383)Interest income5356Interest expense(506)(537)Other income (expense), net34(4)Consolidated net loss$
(25,974)$  (29,868)Consolidated net loss per common share, basic and diluted$
(0.05)$
(0.06)Shares used in computing consolidated net loss per common share, basic and diluted512,428480,324 Consolidated Balance Sheet DataAs of March 31,As of December 31,(In thousands)20132012(unaudited)Cash and investments

$
97,163$
223,208Property and equipment, net

42,62342,634Goodwill

44,54344,543Other intangible assets

53,55753,557Total assets

347,275371,778Deferred revenue

14,03314,038Current and long-term debt

23,06423,451Other long-term liabilities

34,07932,283Accumulated deficit

(925,806)(899,832)Total stockholders' equity

242,208266,678
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SOURCE Lexicon Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
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