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Neurocrine Biosciences Reports Fourth Quarter And Year End 2012 Results

t on Form 10-K for the year ended December 31, 2011 and Form 10-Q for the quarter ended September 30, 2012. Neurocrine undertakes no obligation to update the statements contained in this press release after the date hereof.

 NEUROCRINE BIOSCIENCES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) Three Months EndedDecember 31, Year EndedDecember 31, 2012201120122011Revenues:Sponsored research and development




,462Milestones and license fees




66,951Total revenues




77,413Operating expenses:Research and development




30,951General and administrative




12,458Cease-use expense




82Total operating expenses




43,491Income from operations




33,922Other income:Gain on sale/disposal of assets




242Deferred gain on real estate




2,953Investment income, net




418Other income, net




36Total other income




3,649Net income




37,571Net income per common share:Basic








.67Shares used in the calculation of net income per common share:Basic








SOURCE Neurocrine Biosciences, Inc.
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