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Amylin Pharmaceuticals Reports Third Quarter Financial Results
Date:10/19/2011

SAN DIEGO, Oct. 19, 2011 /PRNewswire/ -- Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) today reported financial results for the quarter ended September 30, 2011.

  • Total revenue was $175.0 million, which included net product sales of $155.1 million and a $15.0 million milestone payment from Eli Lilly and Company in connection with the launch of BYDUREON in the European Union
  • Non-GAAP operating income was $13.0 million, compared to a non-GAAP operating loss of $16.1 million for the same period in 2010
  • GAAP net loss was $13.2 million, or $0.09 per share, compared to $50.7 million, or $0.35 per share, for the same period in 2010
  • Cash, cash equivalents, short-term investments and restricted cash totaled $460.8 million at the end of the quarter

  • "We continue to advance our goal of bringing the first ever once-weekly diabetes therapy to patients in the U.S. We are closely monitoring BYDUREON launches across Europe and will apply insights from those launches to our U.S. planning for this important therapy," said Daniel M. Bradbury, president and chief executive officer of Amylin Pharmaceuticals. "Additionally, we look forward to the FDA's anticipated decision on an expanded label for BYETTA for use with insulin glargine. We believe this complementary approach to glycemic control will be a smart partnership that could result in an important new treatment option for patients. We continue our focus on fiscal discipline as we execute against our strategic objectives through the end of the year, and plan for the pivotal year ahead."  

    Highlights of Amylin's Third Quarter and Recent ActivitiesBYDUREON

  • Submitted a reply to a complete response letter by the U.S. Food and Drug Administration (FDA) regarding BYDUREON™ (exenatide extended-release for injectable suspension), which included results from a thorough QT study that
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  • SOURCE Amylin Pharmaceuticals, Inc.
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