ISTA Pharmaceuticals Reports Fourth Quarter and Full-Year 2007 Financi... (

ISTA Pharmaceuticals Reports Fourth Quarter and Full-Year 2007 Financial Results

Date:3/6/2008

- Company Provides R&D Pipeline Update -

IRVINE, Calif., March 6 /PRNewswire-FirstCall/ -- ISTA Pharmaceuticals, Inc. (Nasdaq: ISTA), today reported financial results for the year ended December 31, 2007. ISTA reported net revenue of $58.9 million for the year ended December 31, 2007, a 78% increase over the full-year 2006 results of $33.0 million. Net revenue in the fourth quarter of 2007 increased 56% over the fourth quarter of 2006.

"2007 was a year of success and challenges. On the commercial front, we more than doubled our Xibrom revenues in 2007 as compared to 2006. Xibrom has significant momentum in the ophthalmic market, and this growth is expected to continue in 2008. Istalol continues to gain share on its branded competitor in a highly genericized therapeutic category," stated Vicente Anido Jr., Ph.D., President and Chief Executive Officer of ISTA Pharmaceuticals. "On the clinical front, we announced positive results from ISTA's Phase II/III Bepreve study and committed ourselves to accelerating the remainder of its clinical development program, which is now fully enrolled. With the in-licensing of the rights to nasal bepotastine, we also have added another key asset to ISTA's pipeline. We believe nasal bepotastine will be a cornerstone of our future growth, as we explore ISTA's commercial options outside ophthalmology."

Dr. Anido continued, "As Xibrom is our lead product, we completed the clinical development for Xibrom QD and filed the NDA for this once-daily formulation at the end of last year. In reviewing the file, the FDA requested additional data comparing Xibrom QD to the currently marketed Xibrom twice- daily formulation, and ISTA has therefore administratively withdrawn the clinical se
'/>"/>

0

GOOD

Page: 1 2 3 4 5 6 7 8
Related biology technology :

1. ADVENTRX Pharmaceuticals to Report Fourth Quarter and Year End 2007 Results
2. Acura Pharmaceuticals, Inc. Reports 2007 4th Quarter and Annual Financial Results; Sets 2008 Expectations
3. Sunesis Pharmaceuticals to Present Interim Phase 2 Data for SNS-595 at the 39th Annual Meeting on Womens Cancer
4. Peregrine Pharmaceuticals to Announce Third Quarter FY 2008 Financial Results
5. MiddleBrook Pharmaceuticals Reports Fourth Quarter and Full Year 2007 Results
6. SGX Pharmaceuticals Schedules Teleconference and Webcast for Fourth Quarter and Full Year 2007 Results
7. NPS Pharmaceuticals to Present at the Lehman Brothers Eleventh Annual Global Healthcare Conference
8. NuRx Pharmaceuticals Retains Russo Partners for Investor Relations, Corporate Communications Counsel
9. MiddleBrook Pharmaceuticals to Announce Fourth Quarter and Full Year 2007 Financial Results on March 4, 2008
10. Wyeth Pharmaceuticals Ends Collaboration Agreements with Solvay Pharmaceuticals for Bifeprunox and Other Compounds
11. BioCryst Pharmaceuticals to Announce Fourth Quarter and Fiscal Year 2007 Financial Results on March 4, 2008

Post Your Comments:

ISTA Pharmaceuticals Reports Fourth Quarter and Full-Year 2007 Financi...( - Company Provides ...)