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

ve FDA approval; risks that the tQT study mentioned in this press release will not be initiated or completed in a timely manner; risks that our response to the FDA's BYDUREON complete response letter may not be submitted in a timely manner and/or the information we provide in our response may not satisfy the FDA; risks that the FDA may request additional information prior to approving BYDUREON; risks that our expense reductions will not be as large as we expect; and other risks inherent in the drug development and commercialization process. Commercial and government reimbursement and pricing decisions and the pace of market acceptance may also affect the potential for BYETTA or SYMLIN. These and additional risks and uncertainties are described more fully in the Company's recently filed Form 10-Q. Amylin disclaims any obligation to update these forward-looking statements.(Financial information to follow)AMYLIN PHARMACEUTICALS, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share data)(unaudited)Quarter ended December 31, Year ended December 31, 2010200920102009Revenues:  Net product sales

$162,315$184,277$ 651,113$ 753,993  Revenues under collaborative agreements

11,8751,25017,7004,426Total revenues

174,190185,527668,813758,419Costs and expenses:  Cost of goods sold

14,04217,45061,68782,999  Selling, general and administrative

65,01084,168288,650343,864  Research and development

35,04950,171171,312185,062  Collaborative profit sharing

63,07175,380257,127302,861  Restructuring

7,3285,60416,78016,980Total costs and expenses

184,500232,773795,556931,766Operating loss

(10,310)(47,246)(126,743)(173,347)Interest and other income, net

(8,874)(3,025)(25,570)(12,909)Net loss

$ (19,184)$ (50,271)$(152,313)$(186,256)Net loss per share - basic and diluted

$
(0.13)$
(0.35)$
(1.06)$
(1.32)Shares used in computing n
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SOURCE Amylin Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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