First Horizon Pharmaceutical Corp.

Specialty pharmaceutical company reports net revenues of $95.3M for 2003

Published in Law and Health Weekly, March 27th, 2004

First Horizon Pharmaceutical Corp. (FHRX), a specialty pharmaceutical company, announced results for the fourth quarter and year ended December 31, 2003.

Net revenues were $37.1 million and net income was $9.6 million or 27 cents per share for the quarter ended December 31, 2003.

For the year ended December 31, 2003, net revenues were $95.3 million and a net loss of $1.7 million or 5 cents per share. The company ended the year with $43.7 million in cash and marketable securities.

Included in the results for the fourth quarter and year ended December 31, 2003, is revenue of approximately $5.4 million resulting from a decrease in...

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Source: Law and Health Weekly (2004-03-27)

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