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

turers for clinical drug supply; risks associated with the Company's dependence on corporate collaborators for commercial manufacturing and marketing and sales activities; uncertainties relating to patent protection and intellectual property rights of third parties; risks and uncertainties relating to competitive products and technological changes that may limit demand for the Company's products; and the other risks described in the Company's report on Form 10-K for the year ended December 31, 2012. Neurocrine undertakes no obligation to update the statements contained in this press release after the date hereof.NEUROCRINE BIOSCIENCES, INC.Condensed Consolidated Statements of Operations(in thousands, except per share data)Three Months Ended

March 31,20132012(unaudited)Revenues:Sponsored research and development

$ -$ 2,029License fees

7309,238Total revenues

73011,267Operating expenses:Research and development

10,3139,388General and administrative

3,3923,671Total operating expenses

13,70513,059Loss from operations

(12,975)(1,792)Other income:Interest and other income

105123Gain on disposal of assets

795783Total other income

900906Net loss

$ (12,075)$ (886)Net loss per common share:Basic and Diluted

$ (0.18)$ (0.01)Shares used in the calculation of net loss per common share:Basic and Diluted

66,60063,409NEUROCRINE BIOSCIENCES, INC.Condensed Consolidated Balance Sheets(in thousands)March 31, December 31,20132012(unaudited)Cash, cash equivalents and short-term marketable securities

$158,234$ 173,013Other current assets

2,16116,251Total current assets

160,395189,264Property and equipment, net

1,7841,900Long-term investments

17,410480Restricted cash

4,3354,335Total assets

$183,924$195,979Current liabilities

$13,878$ 15,646Long-term liabilities

25,09325,961Stockholder
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SOURCE Neurocrine Biosciences, Inc.
Copyright©2012 PR Newswire.
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