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Mast Therapeutics Reports Fourth Quarter And Full Year 2012 Financial Results
Date:3/19/2013

tances arising after the date hereof, except as may be required by law.

 

[Tables to Follow]

 Mast Therapeutics, Inc.(A Development Stage Enterprise)Condensed Consolidated Statements of Operations(In thousands except per share data)Three months ended
December 31,
(Unaudited)Year ended
December 31, (1)2012201120122011Total net revenue

$
8212;

$
8212;

$
8212;

$
8212;Operating expenses:Research and development

2,112

1,754

8,088

5,758Selling, general and administrative

1,787

1,810

7,519

7,190Transaction-related expenses

105

(1,130)

(69)

411Depreciation and amortization

12

9

90

38Total operating expenses

4,016

2,443

15,628

13,397Loss from operations

(4,016)

(2,443)

(15,628)

(13,397)Interest and other income, net

19

71

69

137Net loss

$
(3,997)

$
(2,372)

$
(15,559)

$
(13,260)Net loss per share – basic and diluted

$
(0.08)

$
(0.06)

$
(0.33)

$
(0.47)Weighted average shares – basic and diluted

47,419

37,091

47,641

28,175(1)

The condensed consolidated statements of operations for the years ended December 31, 2012 and 2011 have been derived from the audited financial statements but do not include all of the information and footnotes required by accounting principles generally accepted in the United States for the complete financial statements. Mast Therapeutics, Inc.(A Development Stage Enterprise)Balance Sheet Data(In thousands)December 31,2012December 31,2011Cash, cash equivalents and short-term investments

$
36,511$
50,704Working capital

34,60349,323T
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SOURCE Mast Therapeutics
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