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Millennium Pharma 3Q

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Millennium Pharmaceuticals 3Q Revenues: $122 million (+18%) 3Q Loss: $1.7 million (loss of $13.7 million in 3Q06) YTD Revenues: $346 million (flat) YTD Loss: $26.2 million (loss of $52.2 million in YTD06) Comments: U.S. net sales of Velcade grew 32% to $70 million in 3Q07 and royalty revenues were up 23% to $41.3 million. The company attributes some of its net YTD loss to amortization of intangibles ($34 million), stock-based compensation ($25 million) and restructuring charges ($...

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