Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

REVLON ETHICAL PHARMACEUTICAL OPERATING PROFIT RISES 18% TO $70.6 MIL.

Executive Summary

Revlon's ethical pharmaceutical operating profit grew 17.5% to $70.6 mil. during 1983 despite a worldwide volume decline of 2% to $410.6 mil., Revlon said in its 1983 annual report. Sales in the U.S., Canada, and Puerto Rico were healthy, the firm pointed out, which volume ahead 10.7% to $223 mil. Operating profit for those areas was up 22.1% to $31.7 mil. Citing benefits from its early 1983 marketing reorganization to form a hospital care business (Armour) and a primary care business (USV) "to allow concentration of effort," Revlon said that "we have already gained form this change...record levels of business in Armour Thyroid, Calcimar and DDAVP, and good growth in our various plasma products." In addition, "The introduction of our first internally-developed ethical pharmaceutical" Lozol, "the first indoline antihypertensive diuretic for the treatment of mild to moderate hypertension," contributed to the firm's ethical pharmaceutical momentum. The company also cited "improved Rx-writing trends in well-established therapeutic categories and good business conditions for plasma fractions." On top of the recent Lozol approval, Revlon said, "our health care division [is also] waiting regulatory agency action on 20 new drugs and new device applications of various levels of importance, and, in addition, 95 U.S. patent applications were filed."

You may also be interested in...



Part D Discount Liability Coming Into Focus: CMS Releases Drug Cost Data

Newly released Medicare Part D data sheds light on the sales hit that branded pharmaceutical manufacturers will face when the coverage gap discount program gets under way in 2011

FDA Skin Infections Guidance Spurs Debate On Endpoint Relevance

FDA appears headed for a showdown with clinicians and the pharmaceutical industry over the proposed new clinical trial endpoints for acute bacterial skin and skin structure infections, the guidance's approach for justifying a non-inferiority margin and proposed changes in the types of patients that should be enrolled in trials

Shire Hopes To Sow Future Deals With $50M Venture Fund

Specialty drug maker Shire has quietly begun scouting deals with a brand-new $50 million venture fund, the latest of several in-house investment arms to launch with their parent company's pipelines, not profits, as the measure of their worth

UsernamePublicRestriction

Register

PS063835

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel