Biosite Incorporated Q1 2006 Earnings Conference Call Transcript (BSTE)

  • download
  • Print
  • Recommend
  • 0

2006-04-24 20:54:38.0

Tags: Guidance, Price Erosion, Call Transcript, Earnings, Federal Government, Litigation, Government, Business Operations, Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from Bruce Cranna with Leerink Swann. Please proceed.

Bruce Cranna - Leerink Swann

Good morning. Just so I'm clear on this, Chris. The guidance for the year, let's say 230 or something, earnings guidance includes some additional litigation expense due to Roche after April?

Chris Twomey

Right. So assuming if we're not able to reach a settlement we would spend, I think the total is around $2 million to $3 million for the year. And if we do settle then we have other plans for those costs. So lump it all in operating expenses.

Bruce Cranna - Leerink Swann

Then I know you guys don't like to talk about the actual accounts you're in number-wise, actual hospital accounts. But it sounds like this quarter you had maybe net adds. Is that a fair way to look at it?

Kim Blickenstaff

That's true. We did. We actually saw fewer losses than projected especially as it relates to BNP and Bixis, and new account closes exceeded losses.

Bruce Cranna - Leerink Swann

Just on the stroke side and the language in the press release with FDA, I know you probably don't want to talk a lot about that either, but you talked about regarding your anticipated submission of additional information there's already been some give and take, hasn't there? Didn't you already submit or have some additional submission? Is this like a second trounce of information?

Ken Buechler

Yes, we're in the process of continuing to analyze the data that we have. And we're continuing to work with the FDA on the submissions.

Bruce Cranna - Leerink Swann

Okay. Thank you.

Operator

Your next question comes from the line of Sean McKenna with Global Crown Capital. Please proceed.

Sean McKenna - Global Crown Capital

Hi, guys, can you hear me?

Ken Buechler

Yes.

Sean McKenna - Global Crown Capital

Questions on BNP. I know last quarter you guys had talked about what you were expecting in terms of price erosion; and, correct me if I'm wrong, I think you were saying around 5% or there was some kind of range. I was wondering where you came in relative to your expectations there?

The second part of that is, I was wondering if you could talk about how many POL accounts that you guys added?

Kim Blickenstaff

I'll take the first part on the price erosion. The guidance that we had given was around 8% to 9% for the year, price erosion. That's kind of consistent on a quarterly basis, as well. The actual numbers for the first quarter was only about a 7% decline. This would be first quarter of '06 compared to the first quarter of '05. I think the guidance at this point is around 7%, 8% year-over-year. So it's slightly better than what we had been seeing and had anticipated to continue to see. So we're pleased with that.

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here