Forest Laboratories Inc. F2Q10 (Qtr End 30/09/09) Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2009-10-20 13:07:07.0

Tags: Forest Laboratories Inc., Barclays Plc., Call Transcript, Earnings, Daxas, Federal Government, Government, Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from the line of Rich Silver of Barclays Capital.

Rich Silver - Barclays Capital

Hey Larry.

Larry Olanoff

Good morning.

Rich Silver - Barclays Capital

How are you?

Larry Olanoff

Good. Thank you.

Rich Silver - Barclays Capital

Just a question on the SG&A number for the year; is that still, even including the Daxas, is that still unchanged?

Larry Olanoff

I’ll let Frank comment on that, and then I’ll comment afterwards.

Frank Perier

What we’ve indicated is, that we have some incremental investments related to Daxas that was not planned for, but in total, we should be fairly close on total SG&A.

Rich Silver - Barclays Capital

Okay. Then in terms of the SSRI market growth, and Lexapro market share, are those still unchanged from previous expectations?

Frank Perier

We’re really not updating guidance on line-by-line items Rich. We’ve really just indicated that overall, our $4.1 billion of total revenues, the business remains on track to achieve that.

Rich Silver - Barclays Capital

Then on the Daxas launch, any plans to hire additional reps?

Larry Olanoff

At this time we have no plans to hire any additional reps to support the Daxas launch.

Rich Silver - Barclays Capital

Okay, and then on Bystolic and CHS, can you elaborate on what plans you have for that, assuming you gain the approval?

Larry Olanoff

We would plan to launch that product opportunity in the spring. If we gain the approval, we have an action date of March for that indication, and we’re preparing for that event as we speak now.

Rich Silver - Barclays Capital

Okay, thanks very much.

Operator

Your next question comes from the line of Corey Davis of Jefferies.

Corey Davis - Jefferies & Co.

Thanks very much, just two questions. The first, as it relates to Daxas, there’s FDA adcom coming up for Spiriva on November 19. I believe seeking the same claim is a reduction in exacerbation, so I’m not asking what you think the outcome for them would be, but do you think there are things we can learn about the FDA’s disposition on this indication and the studies that need to be done as being predictive for what the outcome for Daxas will be?

Larry Olanoff

Thanks Corey for the question. I think it will be very useful, and we plan to attend that meeting and listen into what is being discussed. My understanding is that the consideration for the exacerbation change will be based on the outlet trial, which as everyone knows is a very large trial.

 

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)