he quarter ended December 31, 2010 increased by $57.6 million when compared to the quarter ended December 31, 2009. The growth in revenues is predominately from the increase in the number of patients being prescribed our products. In addition, sales of Remodulin increased by approximately $9.2 million as the result of price increases that went into effect during 2010. Gross margin from sales for the quarters ended December 31, 2010 and 2009 were $146.0 million and $95.1 million, respectively, or 88% of total revenue for both of these quarters. These trends were consistent with the results for the years ended December 31, 2010 and December 31, 2009.
The table below summarizes the components of revenues (in thousands):Three Months EndedDecember 31,Year EndedDecember 31,2010200920102009Cardiopulmonary products:Remodulin
$
101,879$
86,415$
403,599$
331,579Tyvaso
48,71415,155151,79720,268Adcirca
12,8044,27536,3075,789Telemedicine products and services
2,7872,79510,93210,968License fees
2932831,1961,244Total revenues
$
166,477$
108,923$
603,831$
369,848Operating Expenses. Our operating expenses consist of research and development, selling, general and administrative, and costs of service and product sales.
The table below summarizes research and development expense by major project and non-project components (in thousands):Three Months EndedDecember 31,Year EndedDecember 31,2010200920102009Project and non-project:Cardiopulmonary
$
31,908$
22,906$
86,161$
61,574Share-based compensation
19,77411,12945,87836,294Other
10,5736,99734,72224,320Total research and development expense
$
62,255$
41,032$
166,761$
122,188Cardiopulmonary. The increase in cardiopulmonary project expenses of
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SOURCE United Therapeutics Corporation Copyright©2010 PR Newswire. All rights reserved | |
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