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to Basic Adjusted Income Per Common Share Guidance
(Unaudited)
Three Months Twelve Months
Ended Ended
March 31, 2008 December 31, 2008
Projected GAAP basic income per common
share $0.74 - $0.84 $4.04 - $4.14
Amortization of current intangibles $0.42 - $0.42 $1.68 - $1.68
Tax effect of pre-tax adjustments at
the applicable tax rates $(0.16)- $(0.16) $(0.62)- $(0.62)
Basic adjusted income per common share
guidance $1.00 - $1.10 $5.10 - $5.20
The company's guidance is being issued based on certain assumptions
including:
-- Entrance into the market of an additional generic version of ACTIQ by
mid-2008;
-- Approval of TREANDA and mid-2008 launch;
-- Reduction of interest income by $20 million resulting from payment of
the settlement with the U.S. Attorney's Office;
-- Adjusted effective tax rate of approximately 36 to 37 percent; and
-- Weighted average number of common shares outstanding of 67.5 million
shares for the three months ended March 31, 2008 and for the twelve
months ended December 31, 2008, respectively.
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