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Watson Announces Preliminary 2011 Non-GAAP Earnings of $4.75-$4.77
Date:1/24/2012

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Business Segment Highlights for 2011"In the Global Generics business, U.S. growth was driven by continued solid performance of our base business, complemented by the addition of generic versions of Concerta®, Lipitor®, Kadian®, Seasonique® and LoSeasonique®.  We also continued to grow the international segment, reporting the highest growth rate of prescriptions in Canada; our UK business benefited from the successful launch of generic Nexium® under a license from AstraZeneca, and we saw growth in hospital sales in France," Bisaro told investors.  

"Our Global Brands business continued to benefit from the growth of our Rapaflo®, Gelnique® Crinone® and Androderm®  franchises, and we expanded the portfolio with the launch of Generess® Fe oral contraceptive and the Androderm® 2/4 mg strengths.  

In light of the reduced number of new product launches by third-parties, our Anda Distribution business performed as expected.   While we don't account for its contribution in divisional results, Anda provided strong execution support to Watson by playing a significant part in the successful launch of both generic Lipitor® and generic Concerta®.  

Finally, the strength of our global supply chain enabled us to capitalize on market opportunities resulting from challenges faced by competitors in the generic space."

Business Development AccomplishmentsThe Company noted that business development activities, funded by its strong balance sheet, resulted in the strategic acquisition of Specifar in May.  The company expanded its Global Brands business with the licensing of Antares' oxybutynin gel product, which will be launched in the U.S. and Canada in the first half of 2012. Additionally, the company announced its collaboration with Amgen for the development and commercialization of a portfolio of monoclonal antibody oncology products in late 2
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SOURCE Watson Pharmaceuticals, Inc.
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