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Pharmacyclics Reports Financial Results and Recent Developments for Fiscal Year and Fourth Quarter 2011 - Conference Call Set for Today at 4:30 PM EDT
Date:9/12/2011

ults could differ materially from those projected in the forward-looking statements. Additionally, you should not consider past results to be an indication of our future performance. For a discussion of the risk factors and other factors that may affect our results, please see the Risk Factors section of our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and quarterly reports on Form 10-Q. We do not intend to update any of the forward-looking statements after the date of this announcement to conform these statements to actual results, to changes in management's expectations or otherwise, except as may be required by law. Pharmacyclics, Inc.(a development stage enterprise)

Condensed Consolidated Balance Sheets(unaudited; in thousands)June 30,2011June 30, 2010ASSETS   Cash, cash equivalents and marketable securities*

$
2,329$
74,149   Other current assets

2,3671,896Total current assets

114,69676,045   Property and equipment, net

1,312459   Other assets

344316Total assets

$
,352$
76,820LIABILITIES AND STOCKHOLDERS' EQUITY   Deferred revenue

$
7,000$
,099   Other current liabilities

7,2683,910Total current liabilities

14,26810,009   Deferred rent

41050Total liabilities

14,67810,059   Stockholders' equity

101,67466,761Total liabilities and stockholders' equity

$
,352$
76,820* Marketable securities

$
24,572$
22,950Pharmacyclics, Inc.(a development stage enterprise)

Condensed Consolidated Statements of Operations (unaudited; in thousands, except per share data)Three Months EndedJune 30,Year Ended June 30,2011201020112010Revenues:   License and milestone revenues

$,386

$2,493

$8,233

$9,307Total revenues1,3862,4938,2339,307Operating expenses*:   Research and development9,8756,66834,48217,358   Genera
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SOURCE Pharmacyclics, Inc.
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1. Pharmacyclics Announces Date of Fiscal Year End 2011 Financial Results and Conference Call
2. Pharmacyclics Reports Recent Developments From Clinical Studies of its Btk Inhibitor PCI-32765
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6. Pharmacyclics Reports Updated Clinical Results from its Phase IA Trial of its First in Human Btk-Inhibitor PCI-32765
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