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Atrix Laboratories, Inc.

Pharmaceutical firm reports 53% increase in revenue due to Eligard sales

Published in Physician Law Weekly, September 1st, 2004

Atrix Laboratories, Inc., (ATRX) announced consolidated financial results for the second quarter and 6 months ended June 30, 2004.

Total revenue increased 53% to $18.9 million in the second quarter of 2004 compared to $12.3 million for the same quarter in 2003. The revenue increase was due primarily to $9.9 million in sales and royalty revenue earned from the continued growth of the Eligard (leuprolide acetate for injectable suspension) prostate cancer products.

This represents a 42% increase in Eligard sales and royalty revenue compared to the first quarter of 2004.

Operating expenses in the second quarter of 2004 increased to...

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