• US therapeutic: $429M (-9% QoQ*, +8% YoY) • US cosmetic: $305M (+1 QoQ*, +43% YoY) -- US total: $734M (58% therapeutic; 42% cosmetic) was 73% of worldwide total
• Ex-US therapeutic: $103M (+8% QoQ*, +15% YoY) • Ex-US cosmetic: $172M (-9% QoQ*, +51% YoY) -- Ex-US total: $275M (37% therapeutic; 63% cosmetic) was 27% of worldwide total
*Botox sales are seasonally stronger in the second and fourth calendar quarters than in the first and third quarters.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”