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Rigel Announces Second Quarter 2013 Financial Results
Date:8/6/2013

>Email: invrel@rigel.com

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

 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

$
,400

$
,500$
,400

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

19,393

20,92439,708

38,828General and administrative (see Note A)

4,892

5,45810,287

11,614Total operating expenses

24,285

26,38249,995

50,442Loss from operations

(22,885)

(24,882)(48,595)

(48,192)Interest income, net

117

144253

280Net loss

$
(22,768)

$
(24,738)$
(48,342)

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

$
(0.26)

$
(0.35)$
(0.55)

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

87,147

71,45887,144

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

$
,002

$
,636$
2,025

$
3,348General and administrative

745

1,3751,515

2,761$
,747

$
3,011$
3,540

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

Cash, cash equivalents and available for sale securities

$
251,641

$
298,241Total assets

261,674

310,043Stockholders' equity

245,051

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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