Abraxis BioScience, Inc.

Abraxis BioScience Reports 2009 Fourth Quarter and Full Year Financial Results

Published in Law and Health Weekly, March 27th, 2010

Abraxis BioScience, Inc. (NASDAQ: ABII), a fully integrated biotechnology company, reported financial results for the fourth quarter and full year ended December 31, 2009.

As of January 2, 2009, the company re-acquired the exclusive rights to market ABRAXANE® for Injectable Suspension (paclitaxel protein-bound particles for injectable suspension) (albumin-bound) in the U.S. As a result, beginning in 2009, the company no longer recognizes deferred revenue related to the previous co-promotion agreement. Fourth Quarter 2009 Highlights Net revenue for the fourth quarter of 2009 was $104.7 million compared with $92.2 million for the fourth quarter of 2008. ABRAXANE...

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Source: Law and Health Weekly (2010-03-27)

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