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Jazz Pharmaceuticals Reports Full Year And Fourth Quarter 2012 Financial Results
Date:2/26/2013

the reversal of the valuation allowance against substantially all of the company's U.S. deferred tax assets as discussed below.  Also, GAAP net income in the 2012 periods reflected various acquisition-related expenses, including transaction, integration and restructuring expenses, as well as certain non-cash expenses.  A reconciliation of applicable GAAP to non-GAAP adjusted information is included with this press release.

2012 Revenues and Product SalesTotal revenues for the full year ended December 31, 2012 were $586.0 million, an increase of 115% over total revenues of $272.3 million for the year ended December 31, 2011. Total revenues for the fourth quarter of 2012 were $183.7 million, compared to $83.5 million for the fourth quarter of 2011.  Increases in total revenues for both the year and the quarter ended December 31, 2012 were driven primarily by inclusion of revenues from the acquired Azur Pharma and EUSA Pharma businesses and increased net sales of Xyrem® (sodium oxybate) oral solution. 

Total revenues for the full year and quarter ended December 31, 2012 included net sales, royalties and contract revenues.  A table showing pro forma net sales for the full year and fourth quarter 2012 compared to 2011 is included in this press release. 

Net sales for the full year and fourth quarter of 2012 were as follows:

  • Xyrem:  2012 Xyrem sales increased by 62% to $378.7 million, compared to $233.3 million during the prior year. Net sales of Xyrem were $113.5 million for the fourth quarter of 2012, compared to net sales of $71.8 million for the fourth quarter of 2011.  During the fourth quarter of 2012, the average number of active Xyrem patients was approximately 10,450.
  • Erwinaze®/Erwinase® (asparaginase Erwinia chrysanthemi):  2012 worldwide net sales of Erwinaze/Erwinase from the EUSA Pharma acquisition c
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  • SOURCE Jazz Pharmaceuticals plc
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