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

Interest Expense

Onyx recorded interest expense of $6.9 million and $4.6 million for the full year and fourth quarter 2009, related to the 4.0% convertible senior notes due 2016 issued in August 2009, which includes non-cash imputed interest expense of  $3.1 million and $2.1 million for the same periods.

Cash, Cash Equivalents and Marketable Securities

At December 31, 2009, cash, cash equivalents, and current and noncurrent marketable securities were $587.3 million, compared to $458.0 million at December 31, 2008.  This increase was primarily due to net proceeds of debt and equity financings in August 2009 and cash generated from operations, offset by cash paid in connection with the Proteolix acquisition.

Management Conference Call Today


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SOURCE Onyx Pharmaceuticals, Inc.
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