SCOLR’s sales and earnings
This article was originally published in The Tan Sheet
Executive Summary
SCOLR Pharma's net revenues in its fiscal 2007 declined 13 percent to $2 million, the Bellevue, Wash.-based firm says in a March 11 release. Royalty income related to SCOLR's alliance with Perrigo increased 38 percent to $1.2 million in 2007, however, the gain was offset by a decrease in research and development revenue associated with the termination of an agreement with Wyeth Consumer Healthcare, the firm notes. SCOLR's net loss for the year was $10.6 million compared to $10.7 million in 2006. Achievements in 2007 include the completion of two of three product performance trials to evaluate the safety and efficacy of OTC 12-hour ibuprofen with controlled delivery technology (1"The Tan Sheet" Nov. 5, 2007, In Brief). The third trial is slated for completion by the end of the second quarter this year, and the firm plans to submit its new drug application for the product in the second half of the year...