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

losing date of June 12, 2012 were $72.1 million.  Full year pro forma net sales of Erwinaze/Erwinase were $131.9 million.  2012 fourth quarter worldwide net sales of Erwinaze/Erwinase were $34.4 million.
  • Prialt® (ziconotide) intrathecal infusion:  2012 net sales of Prialt were $26.4 million, including $4.6 million related to a supply agreement to provide Prialt to Eisai Co. for distribution and sale in Europe recorded in the first quarter of 2012.  2012 fourth quarter net sales of Prialt were $5.9 million.
  • Psychiatry Products:  2012 net sales of the company's psychiatry products, including once-daily Luvox CR® (fluvoxamine maleate), FazaClo® (clozapine, USP) HD and FazaClo LD, were $76.5 million.  2012 fourth quarter net sales of the psychiatry products were $18.0 million.
  • Other:  Net sales of other products for the full year and fourth quarter of 2012 were $26.9 million and $10.2 million, respectively.  "Other" includes products acquired in the EUSA Pharma and Azur Pharma transactions that are not mentioned above. 
  • Operating Expenses and Other Operating expenses for 2012 increased to $388.1 million compared to $144.4 million for 2011.  Operating expenses for the fourth quarter of 2012 increased to $116.3 million compared to $45.9 million for the same period of 2011.  Operating expenses increased over the prior year for the following reasons:

  • Cost of product sales for 2012 was $78.4 million compared to $13.9 million for 2011.  Cost of product sales for the fourth quarter of 2012 was $25.8 million compared to $3.9 million for the same period of 2011.  The increases in both periods were due primarily to higher net sales, with the full year 2012 cost of product sales also reflecting $16.8 million of acquisition accounting inventory fair value step-up adjustments.
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  • SOURCE Jazz Pharmaceuticals plc
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