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October 15, 2008
By: Tim Wright
Editor-in-Chief, Contract Pharma
Genentech 3Q Revenues: $3.4 billion (+17%) 3Q Earnings: $731 million (+7%) YTD Revenues: $9.7 billion (+11%) YTD Earnings: $2.5 billion (+17%) Comments: U.S. product sales were $2.5 million in the quarter (+14%). Avastin sales were $704 million (+18%). Rituxan and Herceptin sales were both up 15% in the quarter to $655 million and $368 million, respectively. Lucentis sales were $225 million (+14%) and Xolair sales were $136 million (+12%). R&D expenses were $777 million in the...
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