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Transcept Pharmaceuticals Reports Third Quarter 2009 Financial Results
Date:11/12/2009

nue $2,083,334 $- $2,083,334 $- Operating expenses: Research and development 2,135,622 2,453,237 6,607,022 8,844,666 General and administrative 3,839,612 2,141,535 13,072,734 5,365,574 Merger related transaction costs - - 2,223,860 - --- --- --------- --- Total operating expenses 5,975,234 4,594,772 21,903,616 14,210,240 --------- --------- ---------- ---------- Loss from operations (3,891,900) (4,594,772) (19,820,282) (14,210,240) Interest income 54,729 133,878 239,661 682,117 Interest expense (4,176) (176,060) (175,100) (618,188) Other income (expense), net 36,499 377,264 299,995 306,307 ------ ------- ------- ------- Net loss $(3,804,848) $(4,259,690) $(19,455,726) $(13,840,004) =========== =========== ============ ============ Basic and diluted net loss per share $(0.29) $(10.08) $(1.65) $(35.93) ====== ======= ====== ======= Weighted average shares outstanding 13,174,807 422,777 11,764,652 385,214 ========== ======= ========== ======= Transcept Pharmaceuticals, Inc. Balance Sheets September 30, December 31, ------------- ------------ 2009 2008 ---- ---- Assets (Unaudited) Current assets: Cash and cash equivalents $10,729,594 $4,431,505 Marketable s
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SOURCE Transcept Pharmaceuticals, Inc.
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