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Table: Earnings on deck
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Monday, July 29, 2013
At least 31 biotechs and pharmas are slated to report
earnings this week. The Street anticipates Arena Pharmaceuticals Inc.
(NASDAQ: ARNA), Ligand Pharmaceuticals Inc. (NASDAQ:LGND) and ViroPharma
Inc. (NASDAQ:VPHM) to swing to profitability. Arena's top line is expected
to increase by 159% to $56.9 million following the launch of its obesity drug
Belviq lorcaserin in June. Ligand's revenues, which include royalties on
Promacta eltrombopag for idiopathic thrombocytopenia purpura (ITP), are expected
to increase by 62% to $9.3 million. ViroPharma markets Cinryze C1 esterase
inhibitor for hereditary angioedema (HAE) and is expected to post a 11%
increase in revenues to $105.1 million.
Incyte Corp. (NASDAQ:INCY), Luminex Corp. (NASDAQ:LMNX)
and Questcor Pharmaceuticals Inc. (NASDAQ:QCOR) are all expected
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