Allergan Inc. F3Q08 (Qtr End 9/30/08) Earnings Call Transcript

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2008-10-29 14:36:19.0

Tags: Efficacy, Call Transcript, Allergan Inc., Earnings, Taxes, Financial Planning, Finance, Seeking Alpha, Efficacy, Call Transcript, Allergan Inc., Earnings, Taxes, Financial Planning, Finance, Seeking Alpha

Question-and-Answer Session

Operator

Thank you. (Operator Instructions). Our first question is from Ronny Gal of Bernstein Research.

Ronny Gal

Hi, good morning guys. First, David, are we okay in assuming that the bottom of that guidance range for '09 assume kind of early approval for Roloxin and ongoing of global pressure on the aesthetics market?

David Pyott

Yeah. Obviously, as we looked at the future, it's getting more and more difficult to predict. I think we've taken a view of let's called it subdued demand. That was the kind of commentary I made in my text you know in the base item. I think most people believe that Roloxin will suffer a minor delay, but we're not counting too much there because we don't want to be caught the wrong way. I think when you really step back from it and I attempt it to do that in tax and it gets you to think about all the products that are awaiting approval. We have a lot of new growth drivers on the horizon. And they're going to be very important to get us to the kind of top line growth that we need for 2009.

Ronny Gal

Thanks. And Scott, congratulations on the positive results. Can you please contrast to us, I know you cannot release the absolute numbers, can you contrast both the efficacy and the safety further that will drive outside transferring alone based on the best data you have?

Scott Whitcup

Sure. I think both on the efficacy side I can't give you sort of a ratio one to one because as you know, the best data in the expand to trial that probably won't be out until my guess is somewhere around out of time next year. But at least in the published literature, that efficacy is better and the safety is better as well. We did give you a little bit of information on the interact with pressure piece and noted that sort of a high pressure was rare, less than 7% across both dose groups. And at the six month time point, it was less than 1% of patients with a pressure over 25. So we've reviewed this with a number of people who are experts in the field, and all of them point to both really good efficacy but very impressive safety.

Ronny Gal

Interesting. You actually have better efficacy than times?

David Pyott

 

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