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This article was originally published in The Tan Sheet

Executive Summary

Rogaine first quarter sales reached $24 mil. in the U.S., a 27% increase, and $32 mil. worldwide, up 24%, the company reports April 25. Pharmacia adds it is still in discussions with FDA regarding an over-the-counter women's extra strength hair regrowth product containing 5% minoxidil; the firm markets a 5% minoxidil OTC product for men. Global revenues from the Nicorette smoking cessation gum declined 9% to $55 mil. Overall, Pharmacia's sales totaled $4.29 bil., up 4.7%, while net income dropped 71.5% to $98 mil. due, in part, to roughly $460 mil. in costs related to the merger with Monsanto





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