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Jazz Pharmaceuticals, Inc. Announces Third Quarter 2007 Financial Results
Date:11/6/2007

les), increased headcount and higher expenses to support the sales force, offset in part by lower legal fees.

Jazz Pharmaceuticals' unrestricted cash, cash equivalents and marketable securities balance as of September 30, 2007 was $130.9 million. During the quarter ended September 30, 2007, net cash used in operating activities was $15.4 million.

"As our commercial organization ramps up for the anticipated commercial launch of Luvox CR in early 2008, we have also made progress in all four of our most advanced clinical development programs during the past few months," said Samuel R. Saks, M.D., Chief Executive Officer. "We continue to make important progress on our development programs for the treatment of fibromyalgia, recurrent acute repetitive seizures, restless legs syndrome and partial epilepsy."

Recent Highlights

-- Expansion of Jazz Pharmaceuticals' specialty sales force in preparation

for the commercial launch of Luvox CR began in August 2007, with more

than 100 new field sales management and specialty sales consultants

hired as of October 31, 2007. The PDUFA action date for Luvox CR is

December 22, 2007. The company expects to commence promotion of Luvox

CR in the United States during the first quarter of 2008, subject to

approval by the U.S. Food and Drug Administration (FDA).

-- In August 2007, a clinical enrollment milestone was achieved in the

Phase III development program for fibromyalgia syndrome, JZP-6,

triggering a $7.5 million payment to Jazz Pharmaceuticals under the

company's development agreement with UCB Pharma Limited. The payment

was recognized as contract revenue in the third quarter of 2007.

-- In September 2007, Jazz Pharmaceuticals submitted an Investigational

New Drug application to the FDA for JZP-8, a product candidate for the

treatment of recurrent acute repetitive seizures. The FDA has<
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SOURCE Jazz Pharmaceuticals, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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