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Rigel Announces Fourth Quarter and Year End 2010 Financial Results
Date:3/1/2011

9)

(25,102)35,317

(112,037)Other income

2,361

-2,361

-Interest income, net

69

9212

397Income (loss) before income taxes

(17,239)

(25,093)37,890

(111,640)Income tax benefit

-

--

93Net income (loss)

$
(17,239)

$
(25,093)$   37,890

$ (111,547)Net income (loss) per share:Basic

$
(0.33)

$
(0.48)$
.73

$
(2.73)Diluted

$
(0.33)

$
(0.48)$
.72

$
(2.73)Weighted-average shares used in computing net income (loss) per share:Basic

52,152

51,82852,055

40,876Diluted

52,152

51,82852,573

40,876Note AStock-based compensation expense included in:Research and development

$
2,008

$
2,628$
9,025

$
8,937General and administrative

1,793

1,1537,411

4,379Restructuring charges

-

--

122$
3,801

$
3,781$   16,436

$
3,438 SUMMARY BALANCE SHEET DATA (in thousands)December 31,December 31,20102009(1)(unaudited)Cash, cash equivalents and availablefor sale securities

$
77,295

$
33,318Total assets

186,695

140,744Stockholders' equity

166,131

109,867(1)

Derived from audited financial statements
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SOURCE Rigel Pharmaceuticals, Inc.
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