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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Steve Fancy who wrote (2434)10/21/1997 3:42:00 PM
From: margie  Read Replies (2) of 6136
 
No, I think all the revised earnings and revenues are from U.S. sales of Viracept. On 10/8/97, Paine Webber revised fiscal 1998 EPS estimate to $1.00 from .64, and revised Viracept U.S. sales to $350 million from their previous $325 million. The 98 estimate includes a milestone payment of $11 million from Roche upon European regulatory approval for Viracept, which contributes approximately $0.20 to earnings.

PW increased fiscal 1999 and fiscal 2000 Viracept US sales estimates to $475 million from $464 million and to $559 million from $540 million, respectively, driving fiscal 1999 EPS estimates and fiscal 2000 EPS estimates to $2.31 and $4.00. PW also increased Viracept manufacturing revenues to Roche and royalty income based on earlier than expected Viracept Viracept international sales.

Looks like all the revised revenues and earnings are for
Viracept U.S. revenues.
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