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Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2009 Financial Results
Date:2/23/2010

span class="xn-money">$0.89 per diluted share, for the full year 2009 compared to non-GAAP net income of $54.8 million, or $0.97 per diluted share, for the same period in 2008.  For the fourth quarter 2009, Onyx reported non-GAAP net income of $8.8 million, or $0.14 per diluted share, compared to $8.9 million, or $0.16 per diluted share for the same period in 2008.  Non-GAAP net income excludes, among other things, employee stock-based compensation expense, transaction costs related to Onyx's acquisition of Proteolix, Inc. in November 2009 and upfront and milestone payments.  For a complete description of the items excluded to arrive at non-GAAP net income and a reconciliation to comparable GAAP measures, refer to the accompanying Reconciliation of GAAP to Non-GAAP Net Income (Loss) provided below.

Revenue from Collaboration Agreement

For the full year and fourth quarter 2009, Onyx reported revenue from its Nexavar collaboration agreement of $250.4 million and $67.3 million, respectively, compared to $194.3 million and $49.7 million for the same periods in 2008.  The increase in revenue from collaboration agreement between periods is due to an increase in Nexavar revenue r
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SOURCE Onyx Pharmaceuticals, Inc.
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