Research and Development Expenses
The table below summarizes research and development expenses by major project and non-project components (dollars in thousands):
Three Months Ended March 31, Percentage 2009 2008 Change Program: Cardiovascular $11,418 $14,485 (21.2)% Other 4,885 3,324 47.0% Share-based compensation 4,656 3,267 42.5% Total research and development expense $20,959 $21,076 (0.6)%
Cardiovascular. Cardiovascular expenses for the three months ended March 31, 2008, included a $3.0 million milestone payment made in connection with the development of a modified release version of the oral prostacyclin analogue, beraprost, under our amended agreement with Toray Industries, Inc. (Toray). There were no milestone payments made to Toray during the three months ended March 31, 2009.
Selling, General and Administrative Expenses
The table below summarizes selling, general and administrative expenses by major category (dollars in thousands):
Three Months Ended March 31, Percentage 2009 2008 Change Category: General and administrative $11,383 $8,839 28.8% Sales and marketing 8,459 6,884 22.9% Share-based compensation 9,376 3,608 159.9% Total selling, general and ad
|SOURCE United Therapeutics Corporation|
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