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Rigel Announces Second Quarter 2013 Financial Results


Media Contact: Susan C. Rogers, Alchemy Consulting, Inc.
Phone: 650.430.3777

 RIGEL PHARMACEUTICALS, INCSTATEMENTS OF OPERATIONS(in thousands, except per share amounts)Three Months Ended June 30,Six Months Ended June 30,2013201220132012(unaudited)Revenues:Contract revenues



2,250Operating expenses:Research and development (see Note A) 



38,828General and administrative (see Note A)



11,614Total operating expenses



50,442Loss from operations



(48,192)Interest income, net



280Net loss



(47,912)Net loss per share, basic and diluted



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



71,440Note AStock-based compensation expense included in:Research and development



3,348General and administrative





,109SUMMARY BALANCE SHEET DATA(in thousands)June 30,December 31,20132012 (1) (unaudited) 

Cash, cash equivalents and available for sale securities


298,241Total assets


310,043Stockholders' equity



Derived from audited financial statements

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

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