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Wyeth Reports Earnings Results for the 2008 Full Year and Fourth Quarter
Date:1/26/2009

- Worldwide Net Revenue Increased 2% and Increased 1% Excluding the Impact of Foreign Exchange for the 2008 Full Year

- Worldwide Net Revenue Decreased 7% and Decreased 1% Excluding the Impact of Foreign Exchange for the 2008 Fourth Quarter

- Full Year Net Revenue Increase Led by Growth in Excess of 10% for Prevnar, Zosyn and Nutritional Products and 27% Growth for Enbrel

MADISON, N.J., Jan. 26 /PRNewswire-FirstCall/ -- Wyeth (NYSE: WYE) today reported results for the 2008 full year and fourth quarter ending December 31, 2008. Worldwide net revenue increased 2%, to $22.8 billion, and increased 1% excluding the impact of foreign exchange for the 2008 full year and decreased 7%, to $5.3 billion, and decreased 1% excluding the impact of foreign exchange for the 2008 fourth quarter.

"Wyeth met its expectations in 2008 despite external pressures," said Bernard Poussot, Chairman, President and Chief Executive Officer. "Our performance was led by strong, consistent contributions from our core product franchises --- Enbrel, Prevnar and Nutritionals, revenue from new products, and ongoing cost containment efforts. Our diversified revenue base helped lessen the impact of the global economic downturn and the at-risk launch of generic versions of Protonix."

Product Highlights for the 2008 Fourth Quarter and Full Year

The following table presents worldwide net revenue from Wyeth's principal products for the 2008 fourth quarter and full year, together with the percentage changes from the comparable periods in the prior year, both as reported and excluding the impact of foreign exchange (FX):

                                        (UNAUDITED)
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SOURCE Wyeth
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