ArQule Inc. Q1 2010 Earnings Call Transcript

ArQule Inc. (ARQL)

Q1 2010 Earnings Conference Call

May 6, 2010 9:00 AM ET

Executives

Bill Boni – VP, IR/Corporate Communications

Paolo Pucci – CEO

Rob Weiskopf – VP of Finance, Corporate Controller & Treasurer

Brian Schwartz – Chief Medical Officer

Thomas Chan – Chief Scientific Officer

Analysts

Mark Monane – Needham

Joel Sendek – Lazard Capital

Bret Holley – Oppenheimer

Howard Liang – Leerink Swann

George Zavoico – MLV

Presentation

Operator

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Good day, ladies and gentlemen, and welcome to the Q1 2010 ArQule Inc. earnings conference call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. If anyone should require assistance during the conference, please press star then zero on your touchtone telephone. As a reminder, this conference is being recorded.

I would like to introduce your host for today’s conference Mr. Bill Boni, Vice President of Investor Relations. Mr. Boni, you may begin.

Bill Boni

Good morning everyone. Welcome to the ArQule investor conference call reviewing operational and financial results for the first quarter of fiscal year 2010. This is Bill Boni at ArQule. This morning, we issued a press release that reported results for the fiscal quarter ended March 31, 2010. This release is available on our website at www.arqule.com.

Leading the call today will be Paolo Pucci, Chief Executive Officer of ArQule. Also present for the company and available for questions at the end of the formal portion of the call are Peter Lawrence, President and Chief Operating Officer; Dr. Brian Schwartz, Chief Medical Officer; Dr. Thomas Chan, Chief Scientific Officer and Rob Weiskopf, Vice President of Finance.