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Questcor Reports Solid Fourth Quarter Results
Date:3/1/2010

1, 2009.   The Company's financial performance in the fourth quarter of 2009 was driven primarily by:

  • a 223% increase in the number of new paid Acthar commercial prescriptions for the treatment of multiple sclerosis (MS) exacerbations versus the fourth quarter of 2008,
  • a sequential 56% increase in new paid Acthar commercial prescriptions for the treatment of infantile spasms (IS), and
  • lower sequential Medicaid usage.  

In addition to the financial improvement in the quarter, the Company also received an encouraging initial set of Acthar prescriptions for the treatment of nephrotic syndrome (NS). Also, during the fourth quarter, the FDA accepted for review Questcor's supplemental New Drug Application (sNDA) filing which seeks approval for an indication for Acthar in the treatment of IS.

Net sales totaled $25.9 million for the quarter ended December 31, 2009 compared to $13.9 million for the quarter ended September 30, 2009, and $27.0 million for the fourth quarter of 2008.  Net income for the f
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SOURCE Questcor Pharmaceuticals, Inc.
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