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Plan B launches “strong”

This article was originally published in The Tan Sheet

Executive Summary

Barr Pharmaceuticals says "strong sales" of Plan B emergency contraceptive following its November launch contributed to a 22% increase in sales of the firm's proprietary products during its fiscal 2007 second quarter. In a Feb. 28 earnings call, the company said proprietary product sales for the October-December period increased $17 million from the year-ago period to $98 million. The firm declined to provide Plan B sales details, but Chairman and CEO Bruce Downey said the product "is up substantially ... year over year as a result of the OTC switch." Downey said Barr's three-year exclusivity for Plan B began with its launch, but the firm is "evaluating the options that we have for protecting that franchise beyond" its patents (1"The Tan Sheet," Nov. 13, 2006, p. 8)...

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Sales & Earnings In Brief

Barr: Emergency contraceptive Plan B second quarter sales increased $12 mil. over the year-ago quarter due to the OTC launch in November 2006, Barr reports in an Aug. 8 analysts call ("1The Tan Sheet" March 5, 2007, In Brief and 2"The Tan Sheet" Nov. 13 2006, p. 8). The firm's total revenues for the quarter were $637 mil., up 81% from the same period in the prior year. With Plan B boosting its proprietary division sales, generic oral contraception sales also drove overall revenue. Integration of Croatian firm PLIVA acquired in 2006 is on track, the firm reports...

Dual Package Plan B Hits Shelves Mid-November With Three-Year Exclusivity

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