Pharmacia
This article was originally published in The Tan Sheet
Executive Summary
Rogaine third quarter U.S. sales reached $24 mil., a 25% decline, and $32 mil. worldwide, down 18% from the year-ago period, company reports Oct. 30. Pharmacia's marketing exclusivity for the hair regrowth formula expires Nov. 14; Perrigo recently postponed launch of its private label minoxidil 5% (1"The Tan Sheet" Oct. 30. p. 13). Revenue from U.S. sales of Nicorette reached $21 mil. in the quarter, up 5%, with flat worldwide sales of $50 mil. Pharmacia recently acquired the Nicotrol smoking cessation brand from McNeil (2"The Tan Sheet" Oct. 23, p. 6). Pharmacia net sales totaled $4.3 bil. in the quarter, up 15%, with net earnings up 61% to $427 mil