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Regulus Reports Third Quarter 2012 Financial Results and Recent Highlights
Date:11/19/2012

LA JOLLA, Calif., Nov. 19, 2012 /PRNewswire/ -- Regulus Therapeutics Inc. (NASDAQ: RGLS), a biopharmaceutical company leading the discovery and development of innovative medicines targeting microRNAs, today reported financial results for the quarter ended September 30, 2012 and provided a summary of recent corporate highlights.

"The third quarter and subsequent period were the most successful to date for Regulus as measured by the achievement of significant financial and strategic goals," said Kleanthis G. Xanthopoulos, Ph.D., President and CEO of Regulus. "Regulus is now focused on the execution of our research and development plans that include selection of clinical candidates in all of our microRNA therapeutic programs, which we believe will enable us to file at least two INDs by 2014."

"We expect that the capital raised in the last several months will provide sufficient funding for operations through at least the end of 2015," said Garry E. Menzel, Ph.D., Chief Operating Officer and Executive Vice President of Finance. "We believe our disciplined financial strategy will enable us to advance multiple programs toward the clinic without the need for additional equity financing."

Third Quarter 2012 and Recent Corporate Highlights

  • Completed Initial Public Offering ("IPO"). In October 2012, Regulus completed its IPO, raising $50.9 million in gross proceeds, inclusive of the over-allotment option exercised by the underwriters and insider participation by Isis Pharmaceuticals, Inc., one of its founding companies, and two of its strategic partners, Sanofi SA ("Sanofi") and GlaxoSmithKline plc ("GSK").  Regulus' common stock began trading on the NASDAQ Global Market on October 4, 2012 under the symbol "RGLS."
  • Established Significant S
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  • SOURCE Regulus Therapeutics Inc.
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