Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Auriga Laboratories Expects Q1 2007 Gross Revenue to Exceed a Record $8 Million.


LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  -- Auriga Laboratories, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ARGA ARGA Arkansas Rice Growers Association (North Little Rock, AR) ), a specialty pharmaceutical company with products for the treatment of xerostomia xerostomia /xe·ro·sto·mia/ (zer?o-sto´me-ah) dryness of the mouth due to salivary gland dysfunction.

xe·ro·sto·mi·a
n.
, dermatological dermatological, dermatologic

pertaining to dermatology; of or affecting the skin.
 conditions, and acute respiratory diseases, estimates gross revenues will exceed a record $8 million for the three months ended March 31, 2007, as compared to $6.2 million in gross revenue it had anticipated. The company also expects to report positive cash flow.

"These results exceeded our expectations," said Philip S. Pesin, Auriga's founder, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "and has put us well on course to meeting our growth objectives for 2007. We look forward to presenting the full results during our first quarterly earnings call on April 16."

Earlier today in a separate announcement the company said it will release full results for the first quarter on the morning of April 16, 2007, and host a conference call for investors and analysts. For more information about the call, please visit the company's investor section at www.aurigalabs.com.

Auriga recently reported that according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 independently generated IMS (1) See IP Multimedia Subsystem.

(2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS.
 data, the combined number of prescriptions filled as a company reached a record 26,004 in January 2007, which represents an increase of 324% from 6,141 in January 2006. The company also recently reported its sales force now exceeds 200 associates nationwide, doubling from the number reported mid-January. It also introduced two new product lines in the first quarter: Aquoral[TM], for the treatment of Xerostomia or "dry mouth," and the Zinx[TM] line of cold remedy cold remedy Popular pharmacology Any OTC product for relief of one or more common cold symptom Types Antihistamines, decongestants Pros CRs provide some relief by partially suppressing nasal congestion, runny nose, cough Cons CRs are not antimicrobial, don't  products.

About Auriga Laboratories[TM]

Auriga Laboratories is a specialty pharmaceutical company building an industry changing commission based-sales model. The company's high-growth business model combines driving revenues through a variable cost commission-based sales structure, acquisition of proven brand names, introduction of new brands, and a strategic development pipeline, all of which is designed to enhance its growing direct relationships with physicians nationwide. Auriga's exclusive prescription and over-the-counter product portfolio includes Aquoral[TM] for the treatment of xerostomia, Akurza[TM] and Xyralid[TM] dermatology dermatology (dûrmətŏl`əjē), branch of medicine concerned with diagnosis and treatment of diseases and disorders of the skin.  products, and the Zinx[TM], Extendryl[R], and Levall[R] families of products for relief of symptoms associated with a range of acute respiratory diseases. For more information, visit: www.aurigalabs.com.

Forward-Looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events or to the company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 its operations, results of operations, growth strategy and liquidity. The company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Securities and Exchange Commission and other regulatory authorities. Statements regarding the company's ability to increase its sales force and the success of such sales force in selling its products in light of competitive and other factors, the regulatory status and/or regulatory compliance of its products, the company's ability to secure additional financing, its ability to sustain market acceptance for its products, its dependence on collaborators, the company's ability to find and execute strategic transactions, its potential exposure to litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
, the company's exposure to product liability claims, and the company's prices, future revenues and income and cash flows and other statements that are not historical facts contain predictions, estimates and other forward-looking statements. Although the company believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved and these statements will prove to be accurate. Important factors could cause actual results to differ materially from those included in the forward-looking statements.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Article Type:Financial report
Date:Apr 2, 2007
Words:752
Previous Article:SonicScrubbers' New High Powered Cleaning Tools Now Available in 12,000 Retail Stores with Addition of Kohl's, Winn-Dixie and National Expansion of...
Next Article:ATP to Present at 35th Annual Howard Weil Energy Conference.
Topics:



Related Articles
Auriga Announces Innovative Strategic Initiative to Expand Pharmaceutical Sales Force and Revenue Potential at Minimal Costs.
Auriga Laboratories Announces 145% Increase in Second Quarter Revenue; Company to Aggressively Expand Sales Force to Support Growing Product Sales.
Auriga Files Key Patent on Advanced Drug-Delivery Method to Expand Company's New Drug Development Pipeline.
Auriga Labs Reports Preliminary Year-End 2006 Gross Revenues and Provides Forecast for Q1 2007.
Trevor K. Pokorney Joins Auriga Laboratories Board of Directors.
Auriga Labs Reports Record Monthly Filled Prescriptions Totaling 26,004.
Auriga Laboratories First Quarter 2007 Financial Results Conference Call.
Auriga Laboratories Sales Force Doubles Again to 200 Associates since January.
Auriga Laboratories Reports Record 2007 First Quarter Financial Results.
Auriga Laboratories Appoints Steven D. Gallopo As Vice President of Business Development.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles