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Table: Earnings on deck
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Monday, October 28, 2013
At least 31 biotechs and pharmas are slated to report
earnings this week. Anika Therapeutics Inc. (NASDAQ:ANIK), Questcor
Pharmaceuticals Inc. (NASDAQ:QCOR) and Valeant Pharmaceuticals
International Inc. (TSX:VRX; NYSE:VRX) are all expected to post quarterly
EPS growth of more than 20%. Anika markets hyaluronic acid-based products for
osteoarthritis and other indications and is expected to report a 15% increase
in revenues to $17 million. Questcor markets H.P. Acthar Gel repository corticotropin
injection for autoimmune and inflammatory disorders and is expected to report a
42% increase in revenues to $199.7 million. Specialty pharma Valeant is
expected to report revenues of $1.7 billion, up from $884 million, driven by
contributions from acquired businesses. Biogen Idec Inc. (NASDAQ:BIIB)
and Gilead Sciences Inc. (NASDAQ:GILD) are anticipated to announce
strong top line growth
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