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Abraxis BioScience, Inc.

Abraxis BioScience Reports First Quarter 2007 Revenue of $212.2 Million Versus $144.5 Million in Prior Year Period

Published in Health Business Week, May 25th, 2007

Abraxis BioScience, Inc. (NASDAQ:ABBI), an integrated, global biopharmaceutical company, reported unaudited financial results for the first quarter ended March 31, 2007.

First quarter 2007 revenue increased 47 percent to $212.2 million, versus $144.5 million in the first quarter of 2006. Revenue for company-wide, hospital-based products in the first quarter of 2007 was $140.5 million, which included the acquired anesthetic/analgesic products, a 24 percent increase from the prior year quarter. For the quarter, ABRAXANE(R) (paclitaxel protein-bound particles for injectable suspension) (albumin-bound) revenue increased 134 percent to $70.9 million, which included deferred...

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