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R&D expenses were $78.3 million in the first nine months of 2008, a 3%
decrease compared to $80.8 million in the same period of 2007. G&A expenses
of $22.5 million in the first nine months of 2008 were approximately 2%
lower than $23.0 million in the first nine months of 2007.
Third Quarter and Recent Highlights
Pirfenidone:
-- On October 16, Shionogi & Co., Ltd of Japan, which has rights to
pirfenidone in Japan, reported approval of its j-NDA to market
pirfenidone as Pirespa(R) in idiopathic pulmonary fibrosis (IPF).
-- InterMune confirmed excellent study conduct in its Phase 3 CAPACITY
program for pirfenidone in IPF, with 97% of surviving, transplant-free
patients having completed their Week 72 Study Visit.
-- InterMune today announced that all patients have now completed their
final study visit scheduled for 30 days after treatment completion.
Based on this timing, the company continues to expect to report top-
line results from its Phase 3 CAPACITY program in January or in
February of 2009.
ITMN-191 (R7227):
-- Announced in early September that InterMune had earned a $15 million
development milestone under its development collaboration with Roche
for ITMN-191. Under the terms of their 2006 collaboration agreement,
the responsibility for the clinical program for ITMN-191 is now in the
process of being transitioned to Roche which, starting in Phase 2, will
have primary responsibility for completing the global development and
registration program.
-- At the meeting of the American Association for the Study of Liver
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| SOURCE InterMune, Inc. Copyright©2008 PR Newswire. All rights reserved |