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Neurocrine Biosciences Reports First Quarter 2008 Results
Date:4/30/2008

ations (20,762) (27,274)

Other income and (expenses):

Interest income and other income 1,606 2,424

Interest expense (1,921) (870)

Total other income (315) 1,554

Net loss $(21,077) $(25,720)

Net loss per common share:

Basic and Diluted $(0.55) $(0.68)

Shares used in the calculation of net loss per

common share:

Basic and Diluted 38,330 37,908

NEUROCRINE BIOSCIENCES, INC.

Condensed Consolidated Balance Sheets

(in thousands)

March 31, December 31,

2008 2007

(unaudited)

Cash, cash equivalents and marketable securities $149,745 $179,385

Other current assets 2,458 3,563

Total current assets 152,203 182,948

Property and equipment, net 80,672 82,598

Restricted cash 6,415 6,399

Other non-current assets 4,594 4,709

Total assets $243,884 $276,654

Current liabilities $17,972 $29,907

Long-term liabilities 127,246 128,050

Stockholders' equity 98,666 118,697

Total liabilities and stockholders' equity $243,884 $276,654


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SOURCE Neurocrine Biosciences, Inc.
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