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Endo Reports First Quarter Financial Results And Announces Return To Steady Supply Of OPANA® ER And Voltaren® Gel
Date:5/1/2012

e of our key pharmaceutical products," said Dave Holveck, president and CEO of Endo. "We are keenly focused on execution that creates the opportunity for us to continue to grow our products and services and execute our long-term vision of providing our customers with innovative healthcare solutions."

Reported diluted loss per share includes the impact of a pre-tax charge in the amount of $110 million for the period to reflect a one-time payment that the company now expects to make to Impax per the terms of Endo's 2010 settlement and license agreement with Impax.  The company recognized a liability under this agreement upon successfully demonstrating, in response to the Novartis supply disruption, the ability to accelerate the manufacture and sale of the new formulation of OPANA ER, which occurred in March 2012. 

FINANCIAL PERFORMANCE AT A GLANCE1st Quarter20122011ChangeTotal Revenues$690,633

$560,026

23%Reported Net (Loss) Income(87,345)

55,787

NMReported Diluted (Loss) Income per share(0.75)

0.46

NMAdjusted Net Income106,300

120,178

(12)%Adjusted Diluted EPS$0.87

$1.00

(13)%OPANA ER AND VOLTAREN GEL SUPPLY UPDATEEndo also announced that it has now returned to steady supply of the new formulation of OPANA ER (oxymorphone HCL) designed to be crush-resistant and Voltaren Gel (diclofenac sodium topical gel) 1%.  The company believes there is adequate product available for all appropriate patients, both existing and new starts, following a short-term supply disruption announced in early January.

"We are pleased to have these two important products back in steady supply across the country," said Julie McHugh, chief operating officer at Endo. "Endo's top priority is the health, well-being, and the continuity of care for our patients. Now that there is better accessibility to OPANA ER and Voltaren Gel, physicians should feel confident in prescrib
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SOURCE Endo
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