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Andrx omeprazole earnings

Executive Summary

Andrx estimates March share of Schwarz Pharma's profits from generic Prilosec (omeprazole) is $11.2 mil., up from $9.8 mil. in February and $9.4 mil. in January. Andrx receives royalties on omeprazole profits from Schwarz subsidiary Kudco under deal in which Andrx and Genpharm relinquished first-to-file exclusivity to allow product launch ("The Pink Sheet" Nov. 4, 2002, p. 3). Schwarz recently raised omeprazole sales projections for 2003 to $1.2 bil. after obtaining additional manufacturing capacity (1"The Pink Sheet" April 7, In Brief)...

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