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AcelRx Pharmaceuticals Reports First Quarter 2011 Financial Results

Thursday, May 12, 2011 General News J E 4
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Initiation of Phase 3 Trial for Lead Product Candidate ARX-01 On Track for Second Half of 2011

Statements of Operations

(in thousands, except share and per share data)

Three Months Ended March 31,

2011

2010

Operating Expenses:

Research and development

$1,946

$2,761

General and administrative

1,589

672

Total operating expenses

$3,535

$3,433

Loss from operations

($3,535)

($3,433)

Net interest and other income (expense), net

331

(248)

Net loss

($3,204)

($3,681)

Net loss per share of common stock, basic and diluted

($0.30)

($5.85)

Shares used in computing net loss per share of common stock, basic and diluted

10,742,182

629,006

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