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Sucampo Pharmaceuticals, Inc.

Sucampo Pharmaceuticals Reports Its Third Consecutive Year of Profitability with Record Full Year 2008 Results

Published in Healthcare Mergers, Acquisitions and Ventures Week, March 7th, 2009

Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) reported its consolidated financial results for the fourth quarter and year ended December 31, 2008. Financial Highlights: Sucampo’s full year net income increased by $11.8 million, or 89.2%, to $25.0 million, or $0.59 per diluted share, for 2008, from $13.2 million, or $0.35 per diluted share, for 2007.

Sucampo reported full year revenue of $112.1 million for 2008 as compared to $91.9 million for 2007, an increase of $20.2 million, or 22.0%.

Product royalty revenue from sales of Amitiza® (lubiprostone) in the U.S. increased by $6.9 million, or 25.1%, to $34.4 million for 2008 from $27.5 million for 2007...

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