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Update: Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2008 Financial Results
Date:2/23/2009

=== ======= ======== ======= ONYX PHARMACEUTICALS, INC. CALCULATION OF REVENUE FROM COLLABORATION AGREEMENT (In thousands, unaudited) Three Months Ended Twelve Months Ended December 31, December 31, ------------------ ------------------ 2008 2007 2008 2007 -------- ------- -------- ------- Nexavar product revenue, net (as recorded by Bayer) $176,503 $124,919 $677,806 $371,736 ======== ======= ======== ======= Revenue subject to profit sharing (as recorded by Bayer) $160,874 $124,919 $637,459 $371,736 Combined cost of goods sold, distribution, selling, general and administrative expenses 76,593 81,998 298,792 223,682 -------- ------- -------- ------- Combined commercial collaboration profit $84,281 $42,921 $338,667 $148,054 ======== ======= ======== ======= Onyx's share of commercial collaboration profit $42,141 $21,460 $169,334 $74,027 Reimbursement of Onyx's shared marketing expenses 6,415 4,641 22,185 16,402 Royalty revenue 1,094 - 2,824 - -------- ------- -------- ------- Revenue from collaboration agreement $49,650 $26,101 $194,343 $90,429 ======== ======= ======== ======= ONYX PHARMACEUTICALS, INC. CONDENSED BALANCE SHEETS
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