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Onyx Pharmaceuticals Reports Third Quarter and Nine-Month 2008 Financial Results
Date:11/6/2008

======== ======== ======= ==========

ONYX PHARMACEUTICALS, INC.

CALCULATION OF NET REVENUE FROM UNCONSOLIDATED JOINT BUSINESS

(In thousands, unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

------------------ ------------------

2008 2007 2008 2007

-------- ------- -------- --------

Nexavar product revenue, net

(as recorded by Bayer) $180,887 $104,605 $501,303 $246,817

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Revenue subject to profit

sharing (as recorded

by Bayer) $168,141 $104,605 $476,584 $246,817

Combined cost of goods sold,

distributed, selling, general

and administrative expenses 79,362 55,950 222,200 141,684

Combined research and

development expenses 41,855 37,561 123,279 105,707

Combined collaboration profit -------- ------- -------- --------

(loss) $46,924 $11,094 $131,105 $(574)

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Onyx's share of collaboration

profit (loss) $23,462 $5,547 $65,553 $(287)

Reimbursement of Onyx's direct

development and marketing

expenses 15,570 12,088 40,577 28,418

Royalty revenue 892 - 1,730 -

Onyx net revenue from -------- ------- -------- --------

unconsolidated joint

business $39,924 $17,635
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SOURCE Onyx Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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