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Jazz Pharmaceuticals Announces Second Quarter 2014 Financial Results And Updated Guidance
Date:8/5/2014

.1 million.

Recent DevelopmentsThe company announced that Elmar Schnee joined the company's board of directors on August 1, 2014. He previously served as a director of Gentium from May 2012 to April 2014. Mr. Schnee brings to the company's board of directors over 30 years of international commercial and general management experience in the pharmaceutical and healthcare industries, as well as detailed knowledge of the Gentium business. From October 2011 until November 2013, he served as Chairman and Chief Executive Officer at Cardiorentis Ltd., a biopharmaceutical company. Previously, he served in various positions at Merck KGaA, a global pharmaceutical and chemical group, from 2003 through 2011, including as a Member of the Executive Board and General Partner of Merck KGaA with responsibility for global pharmaceutical activities from 2006 until 2011. He currently serves on the board of directors of two privately-held life sciences companies.

2014 Financial GuidanceJazz Pharmaceuticals' updated 2014 financial guidance is as follows1:Revenues

$1,125-$1,165 millionTotal net product sales

$1,118-$1,156 million-Xyrem net sales

$765-$780 million-Erwinaze/Erwinase net sales

$185-$200 million-Defitelio/defibrotide net sales

$60-$65 millionAdjusted gross margin %2,5

91-92%Adjusted SG&A expenses3,5

$315-$325 millionAdjusted R&D expenses4,5

$65-$75 millionGAAP net income attributable to Jazz Pharmaceuticals plc per diluted share

$0.47-$0.90Non-GAAP adjusted net income attributable to Jazz Pharmaceuticals plc per diluted share

SOURCE Jazz Pharmaceuticals plc
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