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NeurogesX Reports First Quarter 2011 Results
Date:4/29/2011

53NEUROGESX, INC. Condensed Consolidated Balance Sheets (in thousands) March 31,2011December 31,2010Assets(Note 1)Current assets:Cash and cash equivalents

$
4,240

$
8,705Short-term investments

30,463

38,125Trade receivable

623

607Receivable from collaboration partner

98

65Inventories

768

786Prepaid expenses and other current assets

1,770

1,082Restricted cash

290

290Total current assets

38,252

49,660Property and equipment, net

774

809Restricted cash

120

120Other assets

253

261Total assets

$
39,399

$
50,850Liabilities and Stockholders' DeficitCurrent liabilities:Accounts payable

$  1,674

$  1,544Accrued compensation

1,506

1,867Accrued research and development

821

582Other accrued expenses

4,173

3,011Deferred product revenue, net

563

577Deferred collaboration revenue

7,261

7,242Long term obligations—current portion

2,605

2,222Total current liabilities

18,603

17,045Non-current liabilities:Deferred collaboration revenue

30,554

32,359Deferred rent

67

115Long term obligations

44,230

42,622Total non-current liabilities

74,851

75,096Commitments and contingencies Stockholders' deficit:Common stock, $0.001 par value

18

18Additional paidin capital

215,806

215,220Accumulated other comprehensive gain (loss)

11

(2)Accumulated deficit

(269,890)

(256,527)Total stockholders' deficit

(54,055)

(41,291)Total liabilities and stockholders' deficit

$  39,399

$  50,850(Note 1) Derived from the audited consolidated financial statements as of December 31, 2010.NeurogesX, Inc.Stephen Ghiglieri

Executive Vice President, COO


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