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Regulus Reports Fourth Quarter and Year-End 2012 Financial Results and Highlights
Date:2/20/2013

LA JOLLA, Calif., Feb. 20, 2013 /PRNewswire/ -- Regulus Therapeutics Inc. (NASDAQ: RGLS), a biopharmaceutical company leading the discovery and development of innovative medicines targeting microRNAs, today reported its financial results for the fourth quarter and year-ended December 31, 2012 and recent company highlights.

"In 2012, we successfully achieved significant strategic and financial objectives that have enabled Regulus to become a publicly-traded biopharmaceutical company. In particular, we successfully completed our initial public offering, formed alliances with new partners and expanded existing relationships with our pre-existing partners.  Our strategic relationships provide therapeutic expertise that will support our growing microRNA therapeutic platform," said Kleanthis G. Xanthopoulos , Ph.D., President and CEO of Regulus.  "With our solid strategic foundation in place, we are now focused on building a meaningful clinical portfolio.  We continue to advance our partnered and proprietary programs toward the clinic and look forward to nominating our first microRNA candidate for clinical development in the first half of this year." 

"Regulus continues to maintain a strong balance sheet, ending 2012 with greater than $98 million in cash," said Garry E. Menzel , Ph.D., Chief Operating Officer and Executive Vice President of Finance. "Our solid financial position should enable us to operate into 2016 and execute on our current research and development objectives."

Fourth Quarter 2012 and Recent Corporate Highlights

  • Presented Positive Preclinical Data on miR-21 at Kidney Week 2012.
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  • SOURCE Regulus Therapeutics Inc.
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