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Questcor Pharmaceuticals Announces Preliminary Operating Metrics for Third Quarter 2011
Date:9/28/2011

ANAHEIM, Calif., Sept. 28, 2011 /PRNewswire/ -- Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) today announced preliminary operating metrics for its third quarter ending September 30, 2011. The Company announced the estimated metrics in conjunction with the Jeffries Global Healthcare Conference in London, where Don M. Bailey, President and Chief Executive Officer of Questcor, presented on Wednesday, September 28, 2011, at 8:00 a.m. BT, 3:00 a.m. ET.  To listen to the audio web cast of the presentation, please visit www.questcor.com.  The replay will be available for 90 days after the event.

For the quarter ending September 30, 2011, the Company provided the following preliminary estimated operating metrics:

  • Based on internal Company data through September 26, 2011:
    • New, paid prescriptions of the Company's principal drug, H.P. Acthar® Gel (Acthar), for the treatment of exacerbations of multiple sclerosis (MS) during the full third quarter are expected to exceed 850, up over 160% from the year ago period.
    • New, paid prescriptions for nephrotic syndrome (NS) are expected to exceed 55.  
    • New, paid prescriptions for infantile spasms (IS) are expected to exceed 105.
  • Vials of Acthar, shipped during the quarter are expected to exceed 2,750, up over 45% from the year ago period.

During the third quarter, the Company has not repurchased any of its common stock. Prior repurchases have used over $78 million since this effort began in 2008.  As of September 26, 2011, Questcor had 62.7 million shares of common stock outstanding, with 4.3 million shares remaining under its common stock repurchase program.

As of September 26, 2011, Questcor's cash, cash equivalents and short-term
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SOURCE Questcor Pharmaceuticals, Inc.
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