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Neurocrine Biosciences Reports First Quarter 2013 Results
Date:5/2/2013

riod in 2012.  This increase was primarily a result of higher external clinical development expenses related to the ongoing Phase IIb studies of the Company's VMAT2 inhibitor, NBI-98854. General and administrative expenses decreased from $3.7 million in the first quarter of 2012 to $3.4 million for the first quarter of 2013, primarily due to lower professional services costs and continued cost mitigation efforts.

Pipeline HighlightsElagolix UpdateAbbVie is currently conducting the initial Phase III study of elagolix for endometriosis, the Violet Petal Study. The study is a 24-week, multinational, randomized, double-blind, placebo-controlled study designed to evaluate the safety and efficacy of elagolix in 875 women, age 18 to 49, with moderate to severe endometriosis-associated pain. Approximately 160 sites in the United States, Puerto Rico and Canada are conducting this study.

During March 2013, AbbVie initiated a Phase IIb study of elagolix in uterine fibroids. This study is assessing uterine blood loss in 280 women with heavy uterine bleeding due to uterine fibroids.

VMAT2 UpdateThe Company is currently conducting two Phase IIb studies of its VMAT2 inhibitor, NBI-98854.

The Kinect Study is a 120 subject, placebo-controlled, double-blind, parallel-design, multiple-dose, 12-week study assessing six-week dosing of NBI-98854 against placebo, followed by six weeks of open-label treatment with NBI-98854 in tardive dyskinesia patients with underlying schizophrenia or schizoaffective disorder. The primary endpoint is the Abnormal Involuntary Movement Scale (AIMS) at the end of the first six weeks of dosing. The study will also incorporate a capsule formulation of NBI-98854. Top-line data from the placebo-controlled portion of this study is expected in the third quarter of 2013.

The Kinect 2 Study is a 90 subject, placebo-controlled, double-blind,
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SOURCE Neurocrine Biosciences, Inc.
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