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Amylin Pharmaceuticals Reports 2010 Financial Results
Date:1/26/2011

SAN DIEGO, Jan. 26, 2011 /PRNewswire/ -- Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) today reported financial results for the quarter and year ended December 31, 2010. The Company reported total revenue of $174.2 million for the quarter ended December 31, 2010, including net product sales of $162.3 million and revenue under collaborative agreements of $11.9 million. Non-GAAP operating income was $22.9 million for the quarter ended December 31, 2010, compared to non-GAAP operating loss of $17.0 million for the same period in 2009. Net loss, excluding restructuring charges, was $11.9 million, or $0.08 per share for the quarter ended December 31, 2010, compared to $44.7 million, or $0.32 per share for the same period in 2009. GAAP net loss was $19.2 million, or $0.13 per share for the quarter ended December 31, 2010, compared to $50.3 million, or $0.35 per share for the same period in 2009.

For the year ended December 31, 2010, the Company reported total revenue of $668.8 million, which includes net product sales of $651.1 million, and revenues under collaborative agreements of $17.7 million. Non-GAAP operating loss was $4.4 million for the year, compared to a loss of $58.7 million for 2009. Net loss, excluding restructuring charges, was $135.5 million, or $0.94 per share, for the year ended December 31, 2010, compared to $169.3 million, or $1.20 per share, for 2009. GAAP net loss was $152.3 million, or $1.06 per share, for the year ended December 31, 2010, compared to $186.3 million, or $1.32 per share for 2009. At December 31, 2010 the Company held cash, cash equivalents, short-term investments and restricted cash of $457.7 million.

"In 2010, Amylin achieved results that demonstrate our continued commitment to strong financial discipline and operational efficiency," said Daniel M. Bradbury, president and chief executive officer, Amylin Pharmaceuticals. "This year we wi
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SOURCE Amylin Pharmaceuticals, Inc.
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