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Pharmacyclics Reports Financial Results for Fiscal 2010 and for Fourth Quarter 2010
Date:9/13/2010

e Months EndedYear EndedJune 30,June 30,2010200920102009Revenues:  License, collaboration and milestone revenues(1)$

2,493$

-$

9,307$

-Total revenues2,493-9,307-Operating expenses:  Research and development(2)(3)6,6683,13917,35813,954  General and administrative(4)2,6861,3727,5618,474Total operating expenses9,3544,51124,91922,428Loss from operations(6,861)(4,511)(15,612)(22,428)Interest and other income (expense), net(5)(6)23(345)38(469)Loss before benefit (expense) for income taxes(6,838)(4,856)(15,574)(22,897)Benefit (expense) from Income Tax(7)-(550)550(550)Net loss$

(6,838)$

(5,406)$

(15,024)$

(23,447)Basic and diluted net loss per share$

(0.13)$

(0.20)$

(0.31)$

(0.88)Shares used to compute basic and  diluted net loss per share51,77127,53348,34426,570(1)  Includes $1,211 for the year ended June 30, 2010 related to the pro-rata portion of services performed under the Servier Collaboration arrangement prior to this fiscal year.

(2)  Includes a one time payment for the year ended June 30, 2009 of $1,000 to Celera Corporation as part of the Servier License Agreement.

(3)  Includes stock based compensation of $1,400 for three months ended June 30, 2010 and of $186 for three months ended June 30, 2009.  Includes stock based compensation of $1,998 for the year ended June 30, 2010 and of $738 for the year ended June 30, 2009.

(4)  Includes stock based compensation of $492 for three months ended June 30, 2010 and of $186 for three months ended June 30, 2009.  Includes stock based compensation of $1,192 for the year ended June 30, 2010 and of $2,555 for the year ended June 30, 2009.

(5)  Includes accrued interest expense for the three months ended June 30, 2010 and 2009, respectively, to be paid out for the loan to an affiliate of Robert W. Duggan of $0 and $52 and due to its below market interest rate the
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