Navigation Links
Millennium Over-Delivers on 2007 Goals and Financial Guidance
Date:2/7/2008

financial measures disclosed by the Company should not be considered in isolation or as a substitute for GAAP.

(3) In 2007, non-GAAP and GAAP net income included a non-recurring milestone of $40 million. The Company does not expect to achieve any material milestones in 2008.

(4) GAAP net income for 2008 is expected to include stock-based compensation expense of approximately $30 million, amortization of intangibles of $34 million, and restructuring charges of less than $5 million. There could be additional charges excluded from the Company's GAAP net income, to arrive at non-GAAP net income, which are dependent on unknown future events and are difficult to predict and estimate at this time.

Contacts:

Kyle Kuvalanka (investors) Jennifer Snyder (media)

(617) 761-4734 (617) 444-1439

Millennium Pharmaceuticals, Inc.

Condensed Consolidated Statements of Operations

(unaudited)

Three Months Ended Year Ended

December 31, December 31,

2007 2006 2007 2006

(in thousands, except per share amounts)

Revenues:

Net product sales $73,691 $55,132 $265,241 $220,452

Revenue under strategic

alliances 57,249 48,685 95,417 131,675

Royalties 50,250 36,321 166,867 134,703

Total revenues 181,190 140,138 527,525 486,830

Costs and expenses:

Cost of sales 10,712 8,785 28,380 45,445

Research and development

(Note 1, 2) 76,362 80,868 287,094 310,910

Selling, general and

administrative (Note 1, 2) 53,126 50,371 189,062 162,893

Restructu
'/>"/>

SOURCE Millennium Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Related biology technology :

1. Thomas Weisel Partners 2007 Healthcare Conference To Webcast Millennium Presentation
2. Millennium Biotechnologies Group, Inc. (MBTG.OB) Announces Completion of $2,277,000 Equity Financing
3. Millennium Biotechnologies Group, Inc. (MBTG.OB) Announces Appointment of Mark C. Mirken as its President and Chief Operating Officer
4. Merrill Lynch Global Pharmaceutical, Biotech and Medtech Conference to Webcast Millennium Presentation
5. Life Sciences Leader Joins Millennium Board of Directors
6. Millennium to Webcast Third-Quarter 2007 Financial and Operational Results
7. Millennium Reports Outstanding Third-Quarter Results Driven by VELCADE(R) (Bortezomib) for Injection Sales
8. Millennium Research Group Offers New Marketrack Service that Tracks European Dental Implant Market
9. Millennium Biotechnologies, Inc. Launches SURGEX(TM) the First Scientifically Validated Sports Nutritional Product Created from the Medical Markets
10. Millennium Ships and Records the First $200,000 of Revenue Generated From the Five-Year $20,000,000 Exclusive Purchase Order
11. Millennium to Receive $40 Million Milestone Payment for Achievement of Sales Threshold for Velcade(R) (Bortezomib) for Injection
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/21/2008)...ChemDiv Inc. and Avineuro,Pharmaceuticals Inc. ha...ment,collaboration including formulation, safety ...f neurodegenerative and psychiatric disorders. R&a...ity Research Institute, ChemDiv,s research,subsid...or research funding of,clinical candidate compoun...
(Date:11/20/2008)...become the United Kingdom,s lead centre for the de...tacks, after a funding boost from the Engineering ...t 7m from the EPSRC will help fund a new Innovatio...ormation Technologies (CSIT) - which will be based...ns and Information Technology (ECIT) in the Northe...
(Date:11/20/2008)...wswire-FirstCall/ -- Par Pharmaceutical Companies,... District Court for the District of New Jersey las...n for a temporary restraining order (TRO) halting ...esonide inhaled solution). In conjunction with th...nd that it too would halt all sales of its authori...
(Date:11/20/2008)...tCall/ -- Sigma-Aldrich (Nasdaq: SIAL ),announc...QUALITY and iScale,Oligos(TM) siRNA. MISSION(R) I...pected to allow researchers to successfully take t...est purity and quality siRNA required for RNAi res...to be well suited to target,validation and pre-cl...
Breaking Biology Technology:ChemDiv and Avineuro Extend Collaboration on Alzheimer's Disease and Schizophrenia 2Queen's 'secures' £25m for UK's cyber-safety 2Par Pharmaceutical Halts Shipment of Budesonide Inhalation Suspension 2Sigma-Aldrich Introduces MISSION(R) In VIVO QUALITY and iScale Oligos(TM) siRNA, a Superior Quality siRNA Designed for RNAi Research in Animal Models 2
...bout the emergence of some new angel groups in Ill...VCs and funds focused on early stage funding. I ha...rend. , ,There is good reason for this as most of ...comparison to their east and west coast cousins. T...pe of company in the Midwest. , ,In fact, as I hav...
...ion last week to merge its Imaging and Printing Gr...g and Personal Systems Group (IPSG) is a major mil...hnology brand. By combining these two units, HP h...ery room in the digital home. That may be the key ...,The consumer technology market is anyones game to...
...rvard Business School Press) takes a detailed look...rew up playing them. , ,Authors John C. Beck and...surveys to give business managers a lesson on how ...n the workforce whose ways of thinking on competi...ped by video games. , ,The books sensationalist su...
...ee of the top video-game researchers will show off...ience on Thursday at the Fluno Center in Madison. ...Laboratory , WTN and Accelerate Madison are hold... Business and Learning, which will center on the r...d to the workforce. , ,The video game industry has...
Other Biology Technology:Midwest angel investment in life sciences on the rise 2Midwest angel investment in life sciences on the rise 3Midwest angel investment in life sciences on the rise 4Midwest angel investment in life sciences on the rise 5Midwest angel investment in life sciences on the rise 6HP charges toward the living room 2HP charges toward the living room 3Got Game makes big claims; can 90 million people think the same? 2Businesses and educators to preview video games for training 2Businesses and educators to preview video games for training 3
(Date:11/20/2008)...urological Institute at St. Joseph,s Hospital and ...en eye motions and the perception of illusory moti...n Macknik, PhD, director of the Laboratory of Beha..., director of the Laboratory of Visual Neuroscienc... conducted a study based on the Enigma painting, a...
(Date:11/20/2008)...wn soybeans and turned them into many useful produ...ean grows, blooms or produces like it does, resear...versity of Georgia professor Wayne Parrott aims to...grant from the National Science Foundation and a j..."I,m convinced that soybeans would be so much more...
(Date:11/19/2008)...ellers posed by Southern California wildfires like...ed by officials. , Detailed particulate analysis... fires indicates that the composition posed more s...ly realized, according to a new paper analyzing pa...alifornia. , The paper, entitled "Physicochemic...
(Date:11/19/2008)... range northward because of climate change may be ...es than native plants. , So concludes a team of ...icist. The team,s findings, reported in today,s on...nts could become invasive if they spread to places... paper is the first to suggest that the mechanisms...
Breaking Biology News(10 mins):Soybean grant gives researchers tools to unravel better bean 2Where there's wildfire smoke, there's toxicity 2Climate change opens new avenue for spread of invasive plants 2ReBuilder Medical Technologies Inc Says No to OTC Rather Wait for NASDAQ 16417 1ReBuilder Medical Technologies Inc Says No to OTC Rather Wait for NASDAQ 16417 2High Dose Chemo Fails Against Small Cell Lung Cancers 16414 1High Dose Chemo Fails Against Small Cell Lung Cancers 16414 2How fast youll age is written in the bones TAU research finds 16411 1How fast youll age is written in the bones TAU research finds 16411 2Professionals Use Drugs to Sharpen Their Minds Survey Finds 16408 1Professionals Use Drugs to Sharpen Their Minds Survey Finds 16408 2Professionals Use Drugs to Sharpen Their Minds Survey Finds 16408 3
...g other biomolecular researchers, the Department o...as become the first institution outside the United...nsortium of Great Britain. , The BioSimGrid was or... Oxford, Southampton, Bristol, Birkbeck, Nottingha...about some of the most fundamental building blocks...
...tory system of adult mice appear to play a role in...The new olfactory neurons are especially sensitive...ond to new odors. This level of flexibility sugge...uced to adapt to and integrate into other regions ...rons lost to injury or disease. The report from r...
...covered a small vertebra at a construction site ne...nlike anything in the fossil record. Scientists no...origin of an extinct line of lizards with an evolu... fully aquatic. , Turner took the remains to paleo..., but it took several years before scientists dubb...
...red how to block a molecular switch that triggers ... stroke. The Hopkins study, conducted on mice, is ...tein on the surface of nerve cells called the EP1 ...nd, known as ONO-8713, turns it off. , The findi...alternatives to anti-inflammatory drugs called COX...
Other Biology News:Grid bridges 4,800 miles for molecular repositories 2Neurons generated in the adult brain learn to respond to novel stimuli 2Missing fossil link 'Dallasaurus' found 2Missing fossil link 'Dallasaurus' found 3Missing fossil link 'Dallasaurus' found 4Blocking the nerve receptor EP1 in mouse models reduces brain damage caused by stroke 2Blocking the nerve receptor EP1 in mouse models reduces brain damage caused by stroke 3
The bench-top stand comfortably holds up to 6 Finnpipette Digital single- and multichannel pipettes. The crossbars are made of a grippy material to keep the pipettes firmly in place. Individual shelf
Lambda Protein Phosphatase ( l-PPase) is a Mn2+-dependent protein phosphatase with activity towards phosphorylated serine, threonine and tyrosine residues. It is the 221 amino-acid product of the ORF
... in Tris buffer, pH 10.2 give activity approx. 2X ...anolamine buffer, pH 9.8 give activity approx. 5X ...ned by Biuret Physical form: Lyophilized powder co...t Definition: One unit will hydrolyze 1 μmole...
Immulon 2 HB 1x8 Strip assembled, C-bottom; high binding irradiated surface to provide increased binding affinity for hydrophilic proteins and complexes.
Biology Products: