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Amylin Pharmaceuticals Reports Third Quarter Financial Results

risks that our expense reductions will not be as large as we expect; risks that the restructured operations for exenatide or our sales force will not produce the results 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.

                       (in thousands, except per share data)

                                       Quarter ended      Nine months ended
                                        September 30,        September 30,
                                       2009      2008       2009      2008
                                       ----      ----       ----      ----
      Net product sales             $192,887  $201,364   $569,716   $580,420
      Revenues under
       collaborative agreements       18,348    16,998     44,565     57,198
                                      ------    ------     ------     ------
    Total revenues                   211,235   218,362    614,281    637,618

    Costs and expenses:
      Cost of goods sold              22,624    23,395     65,549     70,101
      Selling, general and
        administrative                80,088    99,676    259,696    309,007
      Research and development        52,660    73,466    176,280    226,073
      Collaborative profit sharing    78,265    80,567    227,481    229,418
      Restructuring                        -         -     11,376          -
SOURCE Amylin Pharmaceuticals, Inc.
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