Posted on 21/10/2009 in Pharmaceutical Company Financials Forest Laboratories has published its financial results for the second financial quarter of 2009, revealing that its diluted earnings per share equalled $0.61 (37p) during this timeframe.
Net sales for the quarter rose by 40 per cent from $925.6 million to $962.7 million when compared to the same period of 2008.
Sales of Lexapro (escitalopram oxalate), a treatment for major depressive disorder in adults and adolescents, reached $566.0 million - a drop of 3.1 per cent from the same time last year.
However, sales of its Alzheimer's disease drug Namenda rose to $275.3 million during the quarter, representing an increase of 11.9 per cent on the second quarter of 2008.
Meanwhile, sales of $10.2 million were recorded for the company's latest product, the selective serotonin norepinephrine dual reuptake inhibitor for the management of fibromyalgia, Savella (milnacipran HCl).
Earlier this week, a trial conducted into Savella (milnacipran HCI) found that its usage can result in fibromyalgia patients experiencing less pain and physical discomfort.
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