Navigation Links
Medco Reports Strong First-Quarter Results; Record EPS, Mail-Order Volume, Generic Dispensing Rates
Date:4/29/2008

n, or $0.01 per share."

First-Quarter Financial and Operational Results

Medco reported record net revenues of nearly $13.0 billion, a 16.2 percent increase from first-quarter 2007. Net revenues increased primarily as a result of price inflation on brand-name drugs, and higher volumes associated with significant new client wins, partially offset by higher generic dispensing rates. Diabetic supplies associated with our PolyMedica acquisition also contributed to the net revenues growth.

The record generic dispensing rates, which benefit clients and members and contribute to higher gross margins, reduced net revenues by approximately $750 million compared to the first quarter of 2007.

Total prescription volume, adjusting for the difference in days supply between mail-order and retail, increased 9.1 percent from the first quarter of 2007 to 206.7 million prescriptions. Mail-order prescription volume increased 13.7 percent to 26.6 million. Retail prescription volume increased 6.4 percent to 127.2 million. Adjusted mail-order prescriptions as a percentage of total adjusted prescriptions increased 1.5 percentage points, reaching 38.4 percent. (Please see Table 6 for the calculation of adjusted prescription volume).

Total gross margin of 6.9 percent remained consistent with the first quarter of 2007, which benefited from the short-term supply of generic Plavix. For the first quarter of 2008, record-level mail-order prescription volume and generic dispensing rates, partially offset by the start-up costs from the significant new client installations, contributed to sustaining the margin percentage at a rate comparable to the strong first quarter of 2007. (Please see Table 5 for generic dispensing rate information).

Total selling, general and administrative expense increased 32.2 percent to $328.4 million from the first quarter of 2007. The increase reflects the fourth-quarter 2007 acquisitions of PolyMedica and Critical Care Systems, a
'/>"/>

SOURCE Medco Health Solutions, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

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

Related medicine news :

1. Medco CEO to Present at the Morgan Stanley Global Healthcare Unplugged Conference
2. Medco, UnitedHealth Group Announce Pharmacy Services Agreement
3. PATHFAST(R): Rapid Whole Blood Immunoassay Analyzer from Polymedco
4. Medco Acquires Majority Interest in Europa Apotheek; Delivering Innovation, Clinical Quality and Lower-Cost Solutions to Fast-Growing German Health Care Market
5. Medco Partners to Develop Patient-Safety System for Prescription Drugs in Sweden
6. MedCom Announces Card Activation Wins Significant Court Ruling
7. MedCom Announces Court Rules Card Activation Technologies Patent Is Valid
8. Medco Breaks Ground For Worlds Largest Automated Pharmacy
9. Medco to Present at Cowen and Company and Lehman Brothers Health Care Conferences
10. Medco Tops Fortunes List of Americas Most Admired Companies in its Industry
11. MedCom USA Signs Southwood Medical Marketing to Distribute MedCom System
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/18/2013)... Consumer injury attorney Michael J. Evans announced ... launched a new website for people who believe they ... is http://www.DialysisLawsuitAttorneys.com . , "My litigation partners and ... services to people who may have been injured by ... may have suffered injuries due to some other form ...
(Date:6/18/2013)... 2013 "What if adding one simple ... boost your health and well-being? Well, there is something ... Beauty®. "It is called Skin Brushing ." , ... a lost art. Now, people are rediscovering this great ... and so do certain health conscious people. Sublime Beauty® ...
(Date:6/18/2013)... 2013 Looking for a way to break ... life? , IWALKAWAKE is a guide to unlocking one’s ... Botha, it focuses on harnessing the powerful and abundant spiritual ... out a nine-step guide to finding one’s true purpose and ... must go through to reach their true potential. The awakenings ...
(Date:6/18/2013)... SEATTLE, WA—A Washington state resident filed ... claiming he fell ill with a hepatitis A infection ... blend. The complaint was filed in Snohomish County ... Seattle-based law firm that has filed 14 previous ... complaint, Brian Brothers consumed “Townsend Farms Organic Antioxidant Blend” ...
(Date:6/18/2013)... Horsham, PA (PRWEB) June 18, 2013 Senior ... in Boston on June 25 to discuss—for the first time ... agencies in getting drugs through the regulatory process in a ... of drug evaluation will share respective best practices and processes ... Across the Strait panel at the DIA 2013 ...
Breaking Medicine News(10 mins):Health News:Fresenius, Maker of Recalled Dialysis Drugs GranuFlo And NaturaLyte, Is Back In The News With Problems At Its Dialysis Center In Bessemer, Alabama 2Health News:Fresenius, Maker of Recalled Dialysis Drugs GranuFlo And NaturaLyte, Is Back In The News With Problems At Its Dialysis Center In Bessemer, Alabama 3Health News:Fresenius, Maker of Recalled Dialysis Drugs GranuFlo And NaturaLyte, Is Back In The News With Problems At Its Dialysis Center In Bessemer, Alabama 4Health News:The Easiest Way to Contribute to Better Health and Well-Being Starting Today and for Under $20, Says Sublime Beauty® 2Health News:Marler Clark, Washington Resident Sue Townsend Farms Over Hepatitis A 2Health News:Marler Clark, Washington Resident Sue Townsend Farms Over Hepatitis A 3Health News:Renowned Regulatory Representatives From Mainland China and Taiwan to Discuss Need for Collaboration at DIA Meeting 2
... A growing number of Americans know about chronic obstructive pulmonary ... disease, a new survey has found. According to the ... knew about COPD, a 4 percent increase from 2008. Awareness ... results were released this week by the U.S. National Heart, ...
... (Geneva, Switzerland) A Pneumonia Report Card released today ... of the Global Coalition against Child Pneumonia reveals where ... coverage for the life-saving interventions that can prevent, protect ... is the world,s leading infectious killer of young children, ...
... A new study from researchers in Colorado shows that women ... a screening colonoscopy than those who were not offered this ... to be common among women. In this study, a patient ... screening colonoscopy can be increased by offering women the option ...
... 11, 2010 The November 2010 issue of the ... Journal of the American Congress of Rehabilitation Medicine, has ... injury (TBI) that will accelerate future research in the ... injury, how it is measured and classified, treatment and ...
... 11 (HealthDay News) -- Diabetes is a leading cause of ... the risk factors and what they can do to prevent ... "Diabetes is a chronic condition that can cause serious ... kidney failure and nervous system damage," ACP President Dr. J. ...
... release is available in French . , Montreal, ... should receive an additional cardiac test when undergoing diagnosis for ... University, the Universit du Qubec Montral and the Montreal ... in the Journal of Cardiopulmonary Rehabilitation and Prevention , ...
Cached Medicine News:Health News:Awareness of COPD Growing, But More Lung Testing Urged 2Health News:Efforts to combat pneumonia among 15 high-burdened countries fall short of recommended targets 2Health News:Efforts to combat pneumonia among 15 high-burdened countries fall short of recommended targets 3Health News:Screening colonoscopy rates are not increased when women are offered a female endoscopist 2Health News:Screening colonoscopy rates are not increased when women are offered a female endoscopist 3Health News:Screening colonoscopy rates are not increased when women are offered a female endoscopist 4Health News:Consensus on TBI and PTSD will accelerate future research and improve patient care 2Health News:Consensus on TBI and PTSD will accelerate future research and improve patient care 3Health News:Consensus on TBI and PTSD will accelerate future research and improve patient care 4Health News:Consensus on TBI and PTSD will accelerate future research and improve patient care 5Health News:Consensus on TBI and PTSD will accelerate future research and improve patient care 6Health News:Are You at Risk of Developing Diabetes? 2Health News:Additional cardiac testing vital for patients with anxiety and depression 2
(Date:6/18/2013)... CHAPEL HILL, N.C. , June 18, 2013 /PRNewswire/ ... and more difficult for Medical Education groups at large ... practitioners on the safe and effective use of their ... within the pharma industry, it is crucial that these ... of reaching healthcare professionals. To address the ...
(Date:6/18/2013)...  Cataracts are the leading cause of blindness in ... aging is the leading cause of eye diseases such ... 22 million Americans age 40 and older have cataracts, ... that number will increase over 30 million.  In a ... and computers, the demographic of ages 40 plus works ...
(Date:6/18/2013)... -- In a letter to authorities at her hospital, orthopaedic surgeon ... View, Iowa , writes that a policy of forcing ... scientifically justified nor ethically sound. Her letter is ... of the Journal of American Physicians and Surgeons. ... average of 36,000 patients per year die in U.S. hospitals ...
Breaking Medicine Technology:Though Vital to Educating Doctors on New Products, Pharma "Med Ed" Groups Working Under Huge Internal & External Constraints 2New Vision Hope For Millions Undergoing Cataract Surgery 2New Vision Hope For Millions Undergoing Cataract Surgery 3Mandated Flu Vaccine for Hospital Workers Ethically Questionable, Surgeon Writes 2
Directional `E' and `C' test....
9" X 14" translucent plastic may be used with illuminated test cabinet or as a wall chart 20/200 to 20/15....
... The PowerLab/16SP is a high-performance recording unit ... science research applications that require up to ... and isolated tissue studies. The unit is ... to 200 000 samples per second continuously ...
Three Figure Worth Type Test, this test is used for determining diplopia, suppression or fusion in children. Sturdy chrome flashlight comes with red/green glasses. Requires 3 D batteries which are no...
Medicine Products: