Finance

Biopharmaceutical company reports year-end and fourth quarter results

Published in Blood Weekly, March 17th, 2005

Nabi Biopharmaceuticals (NABI) announced that biopharmaceutical sales for 2004 were at a record level of $131.8 million compared to $109.5 million for 2003, an increase of 20%.

This drove the full-year gross margin earned on sales in 2004 to a record 48% of sales or $85.8 million, compared to $76.8 million or 44% of sales for 2003.

The higher margin on biopharmaceutical sales funded an unprecedented level of clinical and research achievement, including filing for licensure of three products in Europe: StaphVAX (Staphylococcus aureus Polysaccharide Conjugate Vaccine), PhosLo (calcium acetate) and Nabi-HB Intravenous [hepatitis B Immune Globulin...

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Source: Blood Weekly (2005-03-17)

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