Spectrum Pharmaceuticals Reports Strong Revenues And Profits For Third Quarter; Revenues Of $69 Million Up 35% Over Last Year And GAAP Diluted EPS Of $0.33 And Non-GAAP Diluted EPS Of $0.42
Third Quarter Highlights
Product Diversification and Fiscal Discipline
- Three commercial products – including recently acquired FOLOTYN® (pralatrexate injection) – plus two additional late-stage products.
- All three products can be effectively promoted by a single sales representative.
- Realization of synergies in acquisition of Allos Therapeutics; integration continues, with further benefits and cost savings expected in 2013.
- Decentralizing key decision-making in commercial sales team to better meet the needs of our customers regionally.
Continuing to Attract Top Talent
- Ken Keller, Executive Vice President and Chief Operating Officer
- Joe Turgeon, Senior Vice President, Sales & Commercial Operations.
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