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Abraxis BioScience, Inc.

Abraxis BioScience posts sales increase of 19%

Published in Lab Business Week, June 11th, 2006

Abraxis BioScience, Inc., (ABBI), an integrated, global biopharmaceutical company, reported the financial results of its predecessor company, American Pharmaceutical Partners (APP), for the first quarter ended March 31, 2006.

On April 18, 2006 subsequent to the end of the first quarter, APP completed the merger with its parent company, American BioScience, to form Abraxis BioScience. Accordingly, the financial results presented in this news release are for APP on a stand-alone basis.

Adjusted earnings in the first quarter of 2006 per diluted share, excluding the impact of non-cash stock compensation expense and cash merger-related costs net of...

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