Pharmaceutical Companies Announce Quarterly Financial Results - Research Report on Jazz, Acadia, Arena, Santarus, and Incyte

Fri Aug 9, 2013 8:01am EDT

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Pharmaceutical Companies Announce Quarterly Financial Results - Research Report on Jazz, Acadia, Arena, Santarus, and Incyte

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NEW YORK, August 9, 2013 /PRNewswire/ --

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Today, Analysts' Corner announced new research reports highlighting Jazz Pharmaceuticals plc (NASDAQ: JAZZ), ACADIA Pharmaceuticals, Inc. (NASDAQ: ACAD), Arena Pharmaceuticals, Inc. (NASDAQ: ARNA), Santarus, Inc. (NASDAQ: SNTS), and Incyte Corporation (NASDAQ: INCY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Jazz Pharmaceuticals plc Research Report

On August 6, 2013, Jazz Pharmaceuticals plc (Jazz) released its Q2 2013 financial results with reported revenues of $208.2 million versus $124.2 million in Q2 2012. According to the Company, revenue growth was attributable to increased net sales of Xyrem and the inclusion of Erwinaze product sales for the full reporting period. Adjusted net income stood at $88.3 million or $1.43 per diluted share, compared to $66.2 million or $1.09 per diluted share in Q2 2012. Bruce Cozadd, Chairman and CEO of Jazz Pharmaceuticals plc, commented, "We remain committed to creating long-term shareholder value through disciplined investments to support expansion in our research and development, commercial and operational capacities and pursuit of promising corporate development opportunities." The Company expects its revenues for full-year 2013 to be in the range of $860 million to $880 million. The Full Research Report on Jazz Pharmaceuticals plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5fe3_JAZZ]

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ACADIA Pharmaceuticals, Inc. Research Report

On August 6, 2013, Acadia Pharmaceuticals Inc. (Acadia) reported its Q2 2013 financial results with total revenues of $451,000 compared to $599,000 in Q2 2012. The Company reported a net loss of $9.1 million or $0.11 per common share compared to a net loss of $5.4 million or $0.10 per common share in Q2 2012. Uli Hacksell, Ph.D., ACADIA's CEO, said, "The second quarter of 2013 was a game-changing period for ACADIA, highlighted by establishing an expedited path to an NDA filing for pimavanserin and by strengthening our balance sheet through our public offering, we plan to build on the positive momentum of the first half of 2013 by continuing to advance our pipeline, led by pimavanserin, which we believe positions ACADIA with multiple attractive product and commercial opportunities." The Full Research Report on ACADIA Pharmaceuticals, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3eb7_ACAD]

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Arena Pharmaceuticals, Inc. Research Report

On August 1, 2013, Arena Pharmaceuticals Inc. (Arena) reported its Q2 2013 financial results with reported revenues totaling $68.9 million compared to $22 million in Q2 2012. Net income attributable to common stockholders stood at $40.1 million or $0.18 per share compared to net loss of $22.1 million or $0.12 per share in Q2 2012. During the quarter, the Company achieved a total of $1.3 million in net products sales, which is 31.5% of Eisai's net product sales of BELVIQ. Jack Lief, Arena's President and CEO, said, "We are very encouraged by the positive response from patients and physicians since BELVIQ became available in US pharmacies on June 11, while it is still early in the launch, the progress made to date reinforces the significant opportunity we see for BELVIQ in the medical management of overweight and obese patients." The Full Research Report on Arena Pharmaceuticals, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6a95_ARNA]

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Santarus, Inc. Research Report

On August 6, 2013, Santarus, Inc. (Santarus) reported its Q2 2013 financial results with total revenues of $89.4 million, an 89.4% YoY growth. Non-GAAP adjusted earnings totaled $24.3 million or $0.31 per diluted share, compared to $7.1 million or $0.10 in Q2 2012. Net income for the quarter totaled $73.5 million or $0.94 per diluted share compared to $3.4 million or $0.05 per diluted share in Q2 2012. Gerald T. Proehl, President and CEO of Santarus, said, "Our commercial efforts continue to drive strong financial performance with encouraging market uptake for UCERIS and significant contributions from GLUMETZA and ZEGERID." The Company raised its financial outlook for full-year 2013 and now expects revenue to be in the range of $355 million to $360 million, non-GAAP adjusted earnings within $97 million to $101 million range, and diluted non-GAAP adjusted EPS to be in the range of $1.21 to $1.26. The Full Research Report on Santarus, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/22f8_SNTS]

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Incyte Corporation Research Report

On August 1, 2013, Incyte Corp. (Incyte) reported its Q2 2013 financial results with total revenues of $101.7 million compared to $86.5 million in Q2 2012. Net loss for the quarter was $2.6 million or $0.02 per share against net income of $4 million or $0.03 per share in Q2 2012. Net product revenues from Jakafi, a treatment of intermediate or high-risk myelofibrosis, totaled $54.1 million compared to $29.7 million in Q2 2012, while contract revenue declined 26.4% YoY to $41.7 million. Paul A. Friedman, M.D., Incyte's President and CEO, stated, "The underlying demand for Jakafi was strong in the second quarter, leading to our decision to increase guidance for 2013." The Company now anticipates full-year 2013 net product revenues from Jakafi to be in the range of $220 million to $230 million. The Full Research Report on Incyte Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/076e_INCY]

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