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Onyx Pharmaceuticals Reports Third Quarter 2009 Financial Results; Nexavar Global Net Sales Top $229 Million, 27% Increase Over Third Quarter 2008
Date:11/3/2009

Three Months Ended Nine Months Ended September 30, September 30, -------------- ------------------ 2009 2008 2009 2008 ---- ---- ---- ---- Revenue: Revenue from collaboration agreement $69,137 $50,766 $183,074 $144,693 ------- ------- -------- -------- Total operating revenue 69,137 50,766 183,074 144,693 Operating expenses: Research and development (1) 35,635 21,792 92,478 63,845 Selling, general and administrative (1) 23,440 19,319 68,899 58,985 ------ ------ ------ ------ Total operating expenses 59,075 41,111 161,377 122,830 ------ ------ ------- ------- Income from operations 10,062 9,655 21,697 21,863 Investment income 1,015 2,763 3,108 10,696 Interest expense (2,255) - (2,255) - ------ ----- ------ ----- Income before provision for income taxes 8,822 12,418 22,550 32,559 Provision for income taxes 589 175 878 424 --- --- --- --- Net income $8,233 $12,243 $21,672 $32,135 ====== ======= ======= ======= Net income per share: Basic $0.14 $0.22 $0.37 $0.58 ===== ===== ===== ===== Diluted (2) $0.14 $0.21 $0.37 $0.57
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SOURCE Onyx Pharmaceuticals, Inc.
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