Navigation Links
Isis Reports Financial Results and Highlights for Fiscal year 2007
Date:3/13/2008

our recently announced funding transaction with Abbott for our Ibis subsidiary, which has the potential to provide up to $210 million of additional cash beyond the $20 million we have already received, and our Regulus microRNA joint venture, financed with $10 million by our partners at Alnylam. Our improved financial position supported the early purchase of Symphony GenIsis, saving us roughly $75 million over the lifetime of that transaction, and our debt refinancing has saved us significant interest expense.

"Our recent successful transactions have not only enhanced our 2007 financial performance, they should also support very strong performance in 2008. Based on our existing cash and committed cash, including the $175 million mipomersen licensing fee from Genzyme, but not including the up to $210 million we could receive from Abbott, we expect that our 2008 year end cash balance will be greater than $450 million and will last for at least five years. Furthermore, we are predicting a 2008 NOL of less than $15 million, excluding non-cash stock compensation, which reflects a reduction of over 50% from 2007," continued Ms. Parshall.

"Of course, the most important aspect of the implementation of our business strategy is its long-term impact. We have 18 drugs in our pipeline that we and our partners are advancing. With the efficiency of our antisense technology we expect to continue to expand this pipeline. Each of our partnered drugs will provide milestones and royalties as the drugs meet key development, regulatory and commercial milestones. This ongoing revenue stream should continue to support our strong financial performance as our pipeline matures," added Ms. Parshall.

"We also continue to make strong progress with our most important asset, mipomersen. Earlier in the year, we announced the initiation of the Phase 3 studies in patients with homozygous Familial Hypercholesterolemia. Today we are announcing that we are initiating the rest of the
'/>"/>

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

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

Related medicine news :

1. New Study Reports High Injury Rates for Hotel Workers, Even Higher Rates for Women and Nonwhites
2. Haemacure Reports Third Quarter 2007 Results
3. First-Ever List of the 5,000 Fastest-Growing Businesses Reports Total Revenue of $194.5 Billion
4. Consumer Reports Analysis: Drugs for Nerve Pain, Fibromyalgia Effective, But Not Always Best
5. MDS Reports Third Quarter 2007 Results
6. Allied Healthcare Reports Strong Fourth Quarter, Flat Net Income for Fiscal 2007 vs. 2006
7. AtriCure Reports First Human Implant of the Cosgrove-Gillinov Left Atrial Appendage Occlusion System
8. NMHC Reports Fourth Quarter and Fiscal Year 2007 Financial Results
9. Blue Cross and Blue Shield of Florida Reports Eighteenth Consecutive Year of Positive Performance
10. ReBuilder Medical Technologies, Inc. Reports International Sales Expansion
11. AdCare Health Systems, Inc. Reports Discontinuation of Definitive Merger Agreement with Family Home Health Services, Inc.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... January 22, 2015 Yesterday, Senator ... (D-Concord) and Kristin Olsen (R-Modesto) were honored by ... in advancing biotechnology, biomedical science, medical device and ... each received the “2014 Life Sciences Champion” award ...
(Date:1/22/2015)... Palm City, Florida (PRWEB) January 22, 2015 ... use cold therapy machine with patented IsoTube design to treat ... has introduced the most progressive and easy to use ... help treat post-operative and sports related orthopedic and muscle injuries. ...
(Date:1/22/2015)... Payday lending practices in four southern states worsen ... to the states that permit them, according to a ... Race and Wealth. , While they generate hundreds of ... the same time substantially depress economic activity, according to ...
(Date:1/22/2015)... As interest in the value of spiritual support as ... Rev. Eric J. Hall , president and CEO of the ... the keynote speaker on January 27 at an international summit ... The conference, “Hope and Resilience: Innovative and Interdisciplinary Spiritual Care,” ...
(Date:1/22/2015)... a new blog post presenting a list of vehicles that cannot ... Some types of vehicles cannot be covered under an ordinary auto ... see if their vehicle qualifies for auto insurance coverage. , ... that cannot be covered by a plan. Clients have little options ...
Breaking Medicine News(10 mins):Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 3Health News:IsoComforter Introduces Best of Class Cold Therapy Product to the Worldwide Market 2Health News:Howard University Spotlights the Economic Impact of Payday Lending in Southern States 2Health News:HealthCare Chaplaincy CEO to Keynote Spiritual Care Summit in Israel 2Health News:HealthCare Chaplaincy CEO to Keynote Spiritual Care Summit in Israel 3Health News:Some Vehicles Cannot Be Covered By An Auto Insurance Policy! 2
... That can lead to under-reporting when applying for driver,s ... -- In patients with focal epilepsy, simply asking how ... of their seizure frequency, German research suggests. , Reminding ... not help, either, because they may be unaware of ...
... 15 Dr. Douglas Kalman of Miami Research,Associates delivered ... the,endurance athlete at the International Society of Sports Nutrition ... Kalman presented "Whey, Casein, Soy: Why Protein Sources are ... studies that examined just how, and if, these varied ...
... Mass., Nov. 15 Andy Ambrose has joined ... David Test, division sales manager. Ambrose is based ... relationships in,the south Texas region. He joins ... served as,regional vice president for the company,s retirement ...
... which don,t , THURSDAY, Nov. 15 (HealthDay News) -- Experts ... cystic fibrosis (CF). , The guidelines were based on a ... older. , "Physicians treating patients with CF are faced with ... clinicians will find these recommendations to be useful in their ...
... November 15, 2007 A recently published special ... the contributions from experts in the field of ... Fourth Annual Meeting on Brain aging and Dementia: ... Perugia in October 2006 under the auspices of ...
... to change diet, get more exercise, study found , THURSDAY, ... blood pressure are less likely than younger patients to receive ... their blood pressure, a new study finds. , A team ... data from a U.S. Centers for Disease Control and Prevention ...
Cached Medicine News:Health News:Some Epilepsy Patients Not Always Aware of Seizures 2Health News:Presentation at ISSN Highlights Soy Protein Advantages for Endurance Athletes 2Health News:Experts Release New Cystic Fibrosis Guidelines 2Health News:Journal of Alzheimer's Disease special issue explores multifaceted aspects of AD 2Health News:Journal of Alzheimer's Disease special issue explores multifaceted aspects of AD 3Health News:Older Hypertension Patients Less Likely to Get Lifestyle Advice 2
(Date:1/23/2015)... , Jan. 23, 2015  Northwest Biotherapeutics, Inc. (NASDAQ: ... immune therapies for operable and inoperable solid tumor cancers, announced ... the 7 th Annual Phacilitate Immunotherapy Forum in ... at Phacilitate will take place on January 26 at 10:30 ...
(Date:1/23/2015)... NEW YORK , Jan. 23, 2015 /PRNewswire/-- Harwood Feffer ... the board of directors of Advaxis, Inc. ("Advaxis" or ... the board has breached its fiduciary duties to shareholders. ... published on an investing website reporting that Advaxis had ...
(Date:1/23/2015)... Fla. , Jan. 23, 2015  iMD Companies, Inc. (ICBU) ... to increase market share and grab a foothold in the ... influence, production capabilities and a presence in the sector, and ... facilitate the growth of hemp and medical marijuana, iMD is ...
Breaking Medicine Technology:NW Bio To Present At The 7th Annual Phacilitate Immunotherapy Forum 2NW Bio To Present At The 7th Annual Phacilitate Immunotherapy Forum 3Harwood Feffer LLP Announces Investigation of Advaxis, Inc. 2iMD Companies Poised to Make Impact in Multi-Billion Dollar Medical Marijuana Sector With Recent Investments and Strategic Partnerships 2
MD Coder Charge Capture Pocket PC Edition is a charge capture tool. We have integrated the feedback from hospitals and physicians. MD Coder Charge Capture supports both the Palm OS and Pocket PC plat...
A Palm Pilot and Desktop utility that you can use. Search for ICD codes in your office on your computer or in the field using your Palm Pilot....
... and Management guidelines in selecting billing codes. As ... calculates the HCFA scores for each area and ... of changing different parts of the exam. ZapCode ... to create an audit trail of your exam. ...
ZapBill is program that tracks time and anesthesia units. It also automatically determines the proper anesthesia procedure code from the surgical procedure code using a "cross-walk" table....
Medicine Products: