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IGI Laboratories Announces Third Quarter 2013 Results
Date:10/29/2013

three IGI labeled topical pharmaceutical products, and we have successfully launched our fourth product, econazole nitrate cream 1%, which we acquired earlier this year, during the third quarter of 2013."  Mr. Grenfell-Gardner continued, "Our research and development team has now filed four ANDAs in 2013, which brings our total filings pending with the US FDA to twelve.  Based on current IMS data, the addressable market for our pipeline of twelve ANDAs, pending approval at the US FDA is estimated at over $300 million.  Our team is committed to our plan to file at least six ANDAs in 2013.  We believe we are on track to at least double our 2012 total revenue and achieve profitability in 2013."The Company will hold a conference call today at 4:30 pm ET to discuss 3rd quarter 2013 results.

The Company invites you to listen to the call by dialing 1-877-415-3182. International participants should call 1-857-244-7325. The passcode for the conference call is 58610371.

This call is being webcast by Thomson and can be accessed at IGI's website at www.igilabs.com.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents (www.streetevents.com), a password-protected event management site.

 IGI LABORATORIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share information)(Unaudited)Three months ended September 30,Nine months ended September 30,2013201220132012Revenues:Product sales, net

$  3,950

$   1,464

$   11,124

$   4,835Research and development income

10

496

278

1,368Licensing, royalty and other income
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SOURCE IGI Laboratories, Inc.
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