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Amylin Pharmaceuticals Reports 2007 Financial Results
Date:1/28/2008

06. The increase reflects higher cost-sharing payments to equalize development expenses for BYETTA and exenatide once weekly and $15 million in milestones associated primarily with the launch of BYETTA in the European Union during the second quarter of 2007.

Selling, general and administrative expenses increased to $391.0 million for the year ended December 31, 2007, compared to $282.0 million for the same period in 2006. The increase reflects increased promotional expenses for BYETTA and SYMLIN, costs associated with the Company's expanded field force, and increased business infrastructure to support the Company's growth.

Research and development expenses increased to $276.6 million for the year ended December 31, 2007 compared to $222.1 million for the same period in 2006. The increase primarily reflects costs associated with the development of exenatide once weekly.

Collaborative profit sharing, which represents Lilly's 50% share of BYETTA gross margin, was $290.9 million for the year ended December 31, 2007 compared to $194.2 million for the same period in 2006.

Net loss for the year ended December 31, 2007 was $211.1 million, or $1.59 per share, compared to $218.9 million, or $1.78 per share for the same period in 2006.

Conference Call

Amylin will webcast its Quarterly Update Conference Call today at 5:00 p.m. ET/2:00 p.m. PT. The call will be webcast live through Amylin's corporate website, http://www.amylin.com, and a recording will be made available following the close of the call.

Daniel M. Bradbury, Amylin's President and Chief Executive Officer, will lead the call. During the call, the Company plans to provide further details underlying its fourth quarter and 2007 financial results, and information regarding guidance for 2008 operations. For those without access to the Internet, the live call may be accessed by phone by calling (800) 901-5231 (domestic) or (
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SOURCE Amylin Pharmaceuticals, Inc.
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