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Biotech / Medical : Sepracor-Looks very promising

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To: j_fir2 who wrote (1845)2/26/1999 11:19:00 AM
From: rkrw   of 10280
 
Allegra is selling well and has served its purpose of providing a safe and equally effective alternative to Seldane. Considering its been on the market for but two years and considering that sales of Seldane had crashed prior to Allegra's introduction to levels well below current Allegra sales, I'd call Allegra's launch successful. Should Sepracor begin earning royalties on sales at the rumored to be 8% level, they should see royalty streams of at least $40M based on a conservative $500M in 2002 sales, which is essentially the sales level today. Take a still conservative $600-$700M in 2002 sales and royalties jump to $48-$56M. Of course, the patent interference case has yet to be resolved.

From Albany Molecular's S1:
Sales of fexofenadine HCl in the U.S. were approximately $212 million for the year ended December 31, 1997 and approximately $339 million for the nine months ended September 30, 1998.
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