Cephalon Q3 net income increases

Thu. October 29, 2009; Posted: 09:18 AM

Oct 29, 2009 (Datamonitor via COMTEX) -- CEPH | Quote | Chart | News | PowerRating -- Cephalon, a biopharmaceutical company, has reported an adjusted net income of $126.70 million, or $1.62 per diluted share, for the third quarter ended September 30, 2009, compared to $92.91 million, or $1.18 per diluted share, for the third quarter ended September 30, 2008.

Net sales were $535.2 million for the third quarter of 2009, a 9% increase, compared to $489.66 million for the same quarter of 2008.

Adjusted net income for the nine months ended September 30, 2009 was $338.5 million, or $4.36 per diluted share, compared to $252.96 million, or $3.35 per diluted share, for the nine months ended September 30, 2008.

Net sales were $1.6 billion for the nine months ended September 30, 2009, compared to $1.41 billion, for the prior-year period.

Frank Baldino, Jr, chairman and CEO of Cephalon, said: "The exceptional launch of Nuvigil was the highlight of the quarter. In addition, we have assembled the deepest and most diverse pipeline in our history with a variety of small molecules and biologics being studied for pain, oncology, and inflammatory diseases. We look forward to developing this diverse pipeline with the goal of creating important new medicines for patients."

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For full details on Cephalon Inc (CEPH) click here. Cephalon Inc (CEPH) has Short Term PowerRatings of 4. Details on Cephalon Inc (CEPH) Short Term PowerRatings is available at This Link.

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