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

"We are making excellent progress on all of Questcor's top priorities," said Don M. Bailey, President and CEO.  "Our fourth quarter financial performance improved significantly on a sequential basis.  Questcor's sales in the MS market showed marked growth and there are preliminary indications that Acthar may also begin to be adopted in the NS market, which is much larger than either the IS or MS markets.  In addition, IS prescriptions and payer mix both improved during the fourth quarter from a very weak third quarter.  To date, we are seeing little or no impact on Acthar sales in the IS market from the September 2009 introduction of Sabril (vigabatrin)."

IS, MS, and NS Sales

During the fourth quarter of 2009, Questcor shipped 1,626 vials of Acthar compared to third quarter 2009 shipments of 1,354 vials and fourth quarter 2008 shipments of 1,510 vials. Because Acthar prescriptions are filled at specialty pharmacies, the Company does not receive complete information regarding either the number of prescriptions or the number of vials by therapeutic area for all of the patients being treated with Acthar.  However, Questcor is able to monitor historic trends in payer mix for new Acthar prescriptions based on data it receives from its reimbursement support center.  Questcor estimates that approximately 90% of new Acthar prescriptions are processed by this support center, but that very few refill prescriptions
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SOURCE Questcor Pharmaceuticals, Inc.
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