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Rigel Announces First Quarter 2013 Financial Results
Date:5/7/2013

any obligation to update forward-looking statements and expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.

Contact: Ryan D. Maynard
Phone: 650.624.1284
Email: invrel@rigel.com

Media Contact: Susan C. Rogers , Alchemy Consulting, Inc.
Phone: 650.430.3777
Email: susan@alchemyemail.com

 

 STATEMENTS OF OPERATIONS(in thousands, except per share amounts)Three Months Ended March 31,20132012(unaudited)Revenues:Contract revenues

$
-

$
750Operating expenses:Research and development (see Note A) 

20,315

17,904General and administrative (see Note A)

5,395

6,156Total operating expenses

25,710

24,060Loss from operations

(25,710)

(23,310)Interest income, net

136

136Net loss

$
(25,574)

$
(23,174)Net loss per share, basic and diluted

$
(0.29)

$
(0.32)Weighted-average shares used in computing net loss per share, basic and diluted

87,141

71,422Note AStock-based compensation expense included in:Research and development

$
,023

$
,712General and administrative

770

1,386$
,793

$
3,098SUMMARY BALANCE SHEET DATA(in thousands)March 31,December 31,20132012 (1) (unaudited) Cash, cash equivalents and availablefor sale securities

$
272,450

$
298,241Total assets

282,939

310,043Stockholders' equity

265,311

289,096(1)

Derived from audited financial statements 


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SOURCE Rigel Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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