Last $9.99 USD
Change Today -0.31 / -3.01%
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As of 8:10 PM 05/17/13 All times are local (Market data is delayed by at least 15 minutes).

intermune inc (ITMN) Key Developments

InterMune Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Year 2013

InterMune Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported Esbriet(R) (pirfenidone) revenue of $10.5 million, compared with $4.9 million of Esbriet revenue in the same quarter a year earlier. Net loss was $49.9 million or $0.64 per share compared with a net loss of $46.6 million or $0.72 per share in the first quarter of 2012. Net loss was $49.9 million or $0.64 per share compared with a net loss of $46.6 million or $0.72 per share in the first quarter of 2012. Loss from operations was $47.7 million compared to $45.5 million reported a year ago. Loss from continuing operations before income taxes was $49.7 million compared to $48.5 million reported a year ago. Interest income was $0.137 million against $0.145 million a year ago. Loss from continuing operations, net of taxes was $50.1 million against $48.34 million a year ago. The company reiterated its financial guidance as announced on January 3, 2013 for the year 2013. The company's Esbriet revenue currently projected to be in a range of $40 to $70 million. This revenue guidance is in two layers. The first layer of guidance is for the projected revenue in the range of $40 million to $55 million in countries where Esbriet is currently launched. These are Germany, France, seven mid-sized European countries and Canada. The second layer of guidance is for zero to $15 million in countries where Esbriet is not yet launched. At this time, the countries in this layer of guidance are: Italy, where expect to launch by mid-June; England, where expect to launch by mid-August; Spain, on which the company plans to provide an update on reimbursement status in the fourth quarter of 2013; and three mid-sized countries of Finland where expect to launch in June; Ireland, where pricing and reimbursement procedures is expected to conclude in June, and if terms are acceptable, a launch could occur in the third quarter; and lastly, the Netherlands, in which the company expects to provide an update in the fourth quarter of 2013. R&D expense currently anticipated to be in a range of $100 to $120 million; total operating expenses (R&D and SG&A): currently anticipated to be in a range of $245 to $285 million.

InterMune Inc., Q1 2013 Earnings Call, Apr 24, 2013

InterMune Inc., Q1 2013 Earnings Call, Apr 24, 2013

InterMune Inc. to Report Q1, 2013 Results on Apr 24, 2013

InterMune Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 24, 2013

InterMune Inc. Proposes Amendment to Certificate of Incorporation

InterMune Inc. announced that at the annual meeting of stockholders to be held on May 30, 2013 it will propose to approve an amendment to the company's Amended and Restated Certificate of Incorporation to increase the authorized number of shares of common stock from 100,000,000 shares to 175,000,000 shares.

InterMune Inc. Presents at Merrill Lynch 2013 Health Care Conference, May-15-2013 03:40 PM

InterMune Inc. Presents at Merrill Lynch 2013 Health Care Conference, May-15-2013 03:40 PM. Venue: Encore at Wynn, 3121 Las Vegas Blvd South, Las Vegas, Nevada, United States. Speakers: John C. Hodgman, Chief Financial Officer, Principal Accounting Officer and Executive Vice President.

 

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