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Wyeth Reports Earnings Results for the 2009 Second Quarter and First Half and Raises Full Year 2009 Guidance
Date:7/23/2009

MADISON, N.J., July 23 /PRNewswire-FirstCall/ -- Wyeth (NYSE: WYE) today reported results for the 2009 second quarter and first half ended June 30, 2009. Worldwide net revenue decreased 4% to $5.7 billion for the 2009 second quarter and decreased 5% to $11.1 billion for the 2009 first half. Excluding the unfavorable impact of foreign exchange, worldwide net revenue increased 2% for the 2009 second quarter and first half.

"Wyeth's results reflect the ongoing strength of our biotechnology and vaccine franchises Enbrel and Prevnar and our Nutritionals products, all of which performed strongly around the world," said Bernard Poussot, Chairman, President and Chief Executive Officer. "Execution of our medical innovation strategy led to positive revenue growth in constant dollar terms. Diluted earnings per share, excluding certain significant items, increased 8%. Based on this outcome we are raising full year earnings guidance. We remain focused on delivering strong performance as we work with Pfizer toward the successful integration of our two companies."

Product Highlights for the 2009 Second Quarter and First Half

The following table presents worldwide net revenue from Wyeth's principal products for the 2009 second quarter and first half 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)
                  ------------------------------------------------------------
                  Three Months Ended 6/30/2009    Six Months Ended 6/30/2009
                  -----------------------------   ----------------------------
                                
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SOURCE Wyeth
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