WARNER-LAMBERT's PROCAN SR, ERYC SALES IN U.S. BOOST FIRST QUARTER VOLUME; LISTERINE UNIT SALES UP 17% IN QUARTER, OTCs BENEFIT FROM SEVERE WINTER
Warner-Lambert's Procan SR sales in the U.S. were up 37% in the first quarter "despite new generic competition," the company reported in its most recent quarterly sales and earnings statement. The firm noted that the jump in Procan SR sales reflected the introduction of a 1 gm/sustained release tab approved by FDA on Jan. 16. The first quarter sales gain comes on top of Procan SR's 40% sales increase in 1984 to approximately $50 mil. Another older Warner-Lambert product recently showing renewed vigour is the firm's ERYC erythromycin. Warner Lambert said that first quarter sales of the product were up 46%, "due in part to an unusually high incidence of respiratory infection this winter." Overall, Warner Lambert sales increased 2.2% during the first quarter to $794.6 mil., generating net earnings of $59.9 mil., up 10.5%. The company declared that "sales of Lopid, the leading lipid-regulating agent in the U.S., rose 63% over last year's strong first quarter." Internatl. Rx drug sales were given a boost by the introduction of Maxicam into five more countries in the first quarter, the company pointed out. Warner-Lambert said it anticipates the "drug will be marketed in 29 countries by the end of 1985." New OTC product introductions also played a key role in the increase in non-Rx volume during the quarter, Warner-Lambert states. "New products such as Mediquell Chewy Cough Squares, a unique cough suppressant, Listermint with Fluoride mouthwash, and e.p.t. Plus early pregnancy test continued to gain market share," the firm maintained. Listerine, the firm declared, "continued to benefit from a new cosmetic plaque-reduction claim, increasing 17% in unit sales in the quarter. Sales of Benylin cough syrup, Maximum Strength Sinutab II sinus remedy and Halls cough tablets all benefit from a severe cough-cold season and registered sharp sales growth in the quarter. Sales of Rolaids antacid were also higher in the quarter." Also reporting first quarter financials, Erbamont noted that, expressed in lire, sales increased 23%, operating income climbed 74%, and net income jumped 50%. Erbamount said that "the major improvement in operating income resulted from price increases, largely in Italy and the U.S., and from cost reduction programs initiated in mid-1984." Chart omitted.
You may also be interested in...
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 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
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
Sign in to continue reading.
Need a specific report?
1000+ reports available
New to Pink Sheet?
Start a free trial today!
Register for our free email digests: