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7:33 am Horizon Pharma sees Q4 revs of $31.9-32.4 mln vs $27.4 mln CIQ est; provides VIMOVO update (HZNP) : Co provides preliminary revenues for the fourth quarter and fiscal year ended December 31, 2013.
For the fourth quarter of 2013, Horizon expects total net revenues of $31.9-32.4 mln vs $27.4 mln CIQ est. According to Source Healthcare Analytics, total prescriptions for DUEXIS increased 13% in the fourth quarter of 2013 to 63,947 versus 56,673 in the third quarter of 2013. Approximately 95% of commercially insured patients taking DUEXIS have a co-pay of twenty dollars or less. According to SHA, total prescriptions for RAYOS increased 18% in the fourth quarter of 2013 to 2,973 versus 2,530 in the third quarter of 2013. Approximately 95% of commercially insured patients taking RAYOS have a co-pay of less than twenty dollars. Preliminary unaudited cash and cash equivalents at December 31, 2013 were ~$80.5 million.