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



Executive Summary

Bindley Western continued its string of impressive quarterly earnings advances in the third quarter of 1984, as the whslr. reported a 45.1% profit jump to $1.04 mil. compared to $723,000 last year. Volume during the period was up 21.9% to $141.2 mil., from $115.9 mil. a year ago. For the nine months, Bindley volume was $406.1 mil., up 16.5% over last year's $348.6 mil. Nine months net earnings were 60.2% ahead of profit during the same period last year ($3.3 mil. vs. $2.1 mil.). Owens & Minor reported third quarter sales up 19.5% to $78.4 mil. from $65.6 mil. the same period in 1983. Net income advanced 13.8% to $901,000 compared to $792,000 the year before. Owens & Minor President and CEO G. Gilmer Minor, III, noted that sales in the Medical/Surgical Div. "increased 13.8% in the third quarter, but due to accelerated pricing pressure taking place within the Hospital Supply Industry . . . gross margins declined more than expected." Parke-Davis' U.S. drug business helped Warner-Lambert third quarter earnings advance to $56.6 mil. from $50.3 mil. in the same period a year ago. In announcing three and nine months results for the period ended Sept. 30, Warner-Lambert said that "strong performances by its domestic ethical pharmaceutical and confectionary businesses" plus an improvement in its tax rate were responsible for the profit growth. For the nine months, net income was up 14% to $173 mil. from $152 mil. a year ago. Worldwide corporate sales of $798.5 mil., "which continued to be adversely affected by the strong U.S. dollar, increased 3% from $773 mil. in the third quarter of last year," Warner-Lambert said. Nine month volume was marginally higher at $2.37 bil. vs. $2.32 bil. a year ago. Chart omitted

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




Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

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