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FAES |
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Based upon the current results and trends and the recent completion of the FAES Farma in-licensing agreement in October 2006, which requires the Company to pay an upfront license fee of $7 million, the Company has adjusted its 2006 operating guidance to aggregate revenue of $35-$39 million and operating expenses of $84-$89 million, which includes approximately $2 million of stock-based compensation expense. Profit from discontinued operations relates to toll-manufacturing for Spain-based FAES FARMA, who acquired the Group's primary care business in Spain in October 2005. |
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