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February 13, 2013
16:18 EDTTRGTTargacept sees FY13 revenue approximately $2.4M, consensus $2.95M
Expects its operating expenses for the year ending December 31 to be in the range of $48M-$54M and its cash, cash equivalents and investments balance at December 31 to be at least $135M. In addition, Targacept continues to expect that its current cash resources will be sufficient to meet its operating requirements at least through the end of 2015. This financial guidance includes both cash and non-cash revenue and expense items.
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