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Avanir Pharmaceuticals Reports Fiscal 2013 Fourth Quarter Financial and Year-End Business Results
Date:12/10/2013

n the United States.
  • Enrolled the first patient in study AVR-133. The study is a proof of concept, Phase II clinical trial investigating the use of AVP-923 for the treatment of levodopa induced dyskinesia (LID) in patients with Parkinson's disease (PD).
  • Note to Investors: As previously announced, Avanir will hold a conference call to discuss fiscal 2013 fourth quarter financial results today, December 10, 2013, beginning at 1:30 p.m. Pacific Time. You can listen to this call by dialing 1-800 901-5213 for domestic callers or +1-617 786-2962 for international callers, and entering passcode 80893873. Those interested in listening to the conference call live via the internet may do so by visiting http://ir.avanir.com.

    Note Regarding Non-GAAP Financial InformationThis press release contains unaudited financial information under both U.S. generally accepted accounting principles (GAAP) basis and Non-GAAP basis.  This Non-GAAP financial measure excludes certain non-routine transaction expenses to reflect an additional way of viewing aspects of our operations that, when viewed with the GAAP results and the reconciliations to the corresponding GAAP financial measure, provide a more complete understanding of our financial information and the factors and trends affecting our business.  However, these Non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measure calculated in accordance with GAAP.  We use our Non-GAAP financial measures internally to better understand and evaluate our business, prepare annual budgets, and in measuring performance.

    Non-GAAP financial measures contained in this press release reflects adjustments based on the following items:GAAP Reconciliation (in millions)Fiscal 2013 Fourth Quarter ResultsTotal operating expenses (GAAP)

    $56.2AVP-825 license payment

    (20.0)Total operating expense
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    SOURCE Avanir Pharmaceuticals, Inc.
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