Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Trimeris Reports Third Quarter 2009 FUZEON(R) Sales Results

Wed. October 14, 2009; Posted: 04:30 PM
Stocks RSS
DURHAM, N.C., Oct 14, 2009 (BUSINESS WIRE) -- TRMS | Quote | Chart | News | PowerRating -- Trimeris, Inc. (Nasdaq: TRMS | Quote | Chart | News | PowerRating) today announced worldwide net sales of FUZEON for the third quarter of 2009 were $29.8 million, down 35 percent from $45.5 million in the third quarter of 2008, and up 2 percent from $29.1 million in the second quarter of 2009. Net sales of FUZEON in the U.S. and Canada for the third quarter of 2009 were $10.4 million, down 31 percent from $14.9 million in the third quarter of 2008, and up 7 percent from $9.7 million in the second quarter of 2009. Net sales of FUZEON outside the U.S. and Canada for the third quarter of 2009 were $19.4 million, down 37 percent from $30.6 million in the third quarter of 2008, and showed no change from $19.4 million in the second quarter of 2009. All sales of FUZEON are recorded by F. Hoffmann-La Roche Ltd. ("Roche"), Trimeris' collaborative partner.

Net sales of FUZEON for the first nine months of 2009 were $86.7 million, down 32 percent from $126.5 million in the first nine months of 2008. Net sales of FUZEON in the U.S. and Canada for the first nine months of 2009 were $30.1 million, down 37 percent from $48.0 million in the first nine months of 2008. Net sales of FUZEON outside the U.S. and Canada for the first nine months of 2009 were $56.6 million, down 28 percent from $78.5 million in the first nine months of 2008.

Trimeris plans to release its complete financial results for the third quarter of 2009 in early November 2009.

Net FUZEON Sales

The table below presents net FUZEON sales by quarter beginning in the first quarter of 2007:

(millions)               2009
                         Q1       Q2       Q3       Q4       Total
U.S/Canada Net Sales     $ 10.0   $ 9.7      10.4            $  30.1
Ex. U.S/Canada Net Sales   17.8     19.4     19.4               56.6
Global Net Sales         $ 27.8     29.1     29.8            $  86.7
Brazil Purchase*         $ 7.1    $ 8.0      7.8             $  22.8
                         2008
                         Q1       Q2       Q3       Q4       Total
U.S/Canada Net Sales     $ 17.0   $ 16.1   $ 14.9   $ 16.1   $  64.2
Ex. U.S/Canada Net Sales   25.7     22.2     30.6     24.4      102.8
Global Net Sales         $ 42.7   $ 38.3   $ 45.5   $ 40.5   $  167.0
Brazil Purchase*           -        -      $ 11.4   $ 10.0   $  21.4
                         2007
                         Q1       Q2       Q3       Q4       Total
U.S/Canada Net Sales     $ 29.3   $ 32.9   $ 30.6   $ 31.5   $  124.3
Ex. U.S/Canada Net Sales   35.0     29.2     43.3     35.0      142.5
Global Net Sales         $ 64.3   $ 62.0   $ 73.9   $ 66.5   $  266.8
Brazil Purchase*         $ 6.0      -      $ 13.8   $ 7.3    $  27.1

(numbers may not add due to rounding)

*included in Ex. U.S/Canada Net Sales and Global Net Sales

About Trimeris, Inc.

Trimeris, Inc. (Nasdaq: TRMS | Quote | Chart | News | PowerRating) is a biopharmaceutical company engaged in the development and commercialization of novel therapeutic agents for the treatment of viral disease. The core technology platform of fusion inhibition is based on blocking viral entry into host cells. FUZEON, approved in the U.S., Canada and European Union, is the first in a new class of anti-HIV drugs called fusion inhibitors. For more information about Trimeris, please visit the Company's website at http://www.trimeris.com.

Trimeris Safe Harbor Statement

This document and any attachments may contain forward-looking information about the Company's financial results and business prospects that involve substantial risks and uncertainties. These statements can be identified by the fact that they use words such as "expect," "project," "intend," "plan," "believe" and other words and terms of similar meaning. Among the factors that could cause actual results to differ materially are the following: there is uncertainty regarding the success of research and development activities, regulatory authorizations and product commercializations; we are dependent on third parties for the sale, marketing and distribution of our drug candidates; the market for HIV therapeutics is very competitive with regular new product entries that could affect the sales of our products; the results of our previous clinical trials are not necessarily indicative of future clinical trials; and our drug candidates are based upon novel technology, are difficult and expensive to manufacture and may cause unexpected side effects. For a detailed description of these factors, see Trimeris' Form 10-K filed with the Securities and Exchange Commission on March 13, 2009, and its subsequent periodic reports filed with the SEC.

Additional Information

This press release is neither an offer to purchase nor a solicitation of an offer to sell shares of Trimeris. Arigene Co., Ltd. and RTM Acquisition Company, a wholly owned subsidiary of Arigene Co., Ltd., have not commenced the tender offer for the shares of Trimeris stock described in the joint press release issued by Arigene Co., Ltd. and Trimeris on October 2, 2009. Upon commencement of the tender offer, Arigene Co., Ltd., and RTM Acquisition Company will file with the SEC a tender offer statement on Schedule TO and related exhibits, including the offer to purchase, letter of transmittal, and other related documents. Following commencement of the tender offer, Trimeris will file with the SEC a tender offer solicitation/recommendation statement on Schedule 14D-9. These documents will contain important information about Arigene Co., Ltd., Trimeris, the transaction and other related matters. Investors and security holders are urged to read each of these documents carefully when they are available. These materials will be sent free of charge to all stockholders of Trimeris. Investors and security holders will also be able to obtain free copies of the tender offer statement, the tender offer solicitation/recommendation statement and other documents filed with the SEC by Arigene Co., Ltd. and Trimeris through the web site maintained by the SEC at www.sec.gov.

SOURCE: Trimeris, Inc.

Trimeris, Inc. 
Andrew Graham, Chief Financial Officer 
919-806-4682
For full details on Trimeris Inc (TRMS) click here. Trimeris Inc (TRMS) has Short Term PowerRatings of 5. Details on Trimeris Inc (TRMS) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [TRMS]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.