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July 31, 2012 5:00 pm ET
Cheryllyn De Ocampo – Investor Relations Associate
Rick E. Winningham – Chairman of the Board & Chief Executive Officer
Renee Gala – Senior Director of Financial Planning & Analysis
[Rodney Gao] – Sanford Bernstein
Analyst Ken Cacciatore – Cowen & Company
Howard Liang – Leerink Swann, LLC.
Analyst David Friedman – Morgan Stanley
Analyst for Thomas Russo – Robert W. Baird & Co., Inc.
Ladies and gentlemen at this time I’d like to welcome everyone to the Theravance conference call to review results for the quarter ended June 30, 2012. During the presentation all participants will be in a listen only mode. A question and answer session will follow the company’s formal remarks. (Operator Instructions) Today’s conference call is being recorded. Now, I’d like to turn the call over to Cheryllyn De Ocampo, Investor Relations Associate.8
Cheryllyn De Ocampo
We me on the call today are Rich Winningham, our Chief Executive Officer and Renee Gala, Senior Director of Financial Planning & Analysis. Renee is filling in for Mike Aguiar our Senior Vice President and Chief Financial Officer who is on vacation.
First, Rick will review highlights from the quarter and then Renee will review our financial results. Following our comments we will open up the call for questions. Earlier today Theravance issued a press release detailing second quarter 2012 financial results and recent corporate developments. A copy of the press release can be downloaded from our website or you can call investor relations at 650-808-4100 and we’ll be happy to assist you.