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Regulus Reports Second Quarter 2014 Financial Results and Recent Highlights
Date:8/6/2014

rimarily driven by an increase in salaries and related employee costs and other operating expenses associated with general business activities.

Net loss in the three months ended June 30, 2014 included a non-cash gain of $1.0 million from the change in value of a convertible note payable, compared to a non-cash charge of $2.7 million for the same period in 2013. Non-cash charges recorded from changes in the value of a convertible note payable were $1.2 million and $4.5 million for the six months ended June 30, 2014 and 2013, respectively. Changes in value were primarily driven by our stock price changes during the respective periods.

As of June 30, 2014, Regulus had $103.5 million in cash, cash equivalents and short-term investments, debt with a principal balance of $5.4 million and 43,383,863 shares of common stock outstanding.  Regulus expects to maintain its strong financial position and finish 2014 with at least $75.0 million in cash, cash equivalents and short-term investments.  Conference Call & Webcast InformationRegulus will host a conference call and webcast at 5:00 p.m. Eastern Daylight Time today to discuss its second quarter 2014 financial results, recent company highlights and its expectations for the remainder of 2014.  A live webcast of the call will be available online at www.regulusrx.com. To access the call, please dial (877) 257-8599 (domestic) or (970) 315-0459 (international) and refer to conference ID 79690344.  To access the telephone replay of the call, dial (855) 859-2056 (domestic) or (404) 537-3406 (international), passcode 79690344. The webcast and telephone replay will be archived on the company's website for ninety days following the call. 

About the 'Clinical Map Initiative' Launched in February 2014, Regulus' 'Clinical Map Initiative' outlines certain corporate goals to advance its microRNA therapeutics pipeline over the next several years. Regu
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SOURCE Regulus Therapeutics Inc.
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