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August 9, 2007
By: Tim Wright
Editor-in-Chief, Contract Pharma
Abraxis BioScience, Inc. 2Q Revenue: $242.5 million (+51%) 2Q Earnings: $23.1 (loss of $90.8 million 2Q2006) YTD Revenues: $454.7 million (+49%) YTD Earnings: $34.2 (loss of $88.9 million YTD2006) Comments: In the quarter, Abraxane revenue was up 116.7% to $78.7 million. The company recently announced plans to separate its proprietary business, Abraxis Oncology and Abraxis Research (ABI), from its hospital-based business, Abraxis Pharmaceutical Products (APP). Until the separ...
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