Research & Development World

  • R&D World Home
  • Topics
    • Aerospace
    • Automotive
    • Biotech
    • Careers
    • Chemistry
    • Environment
    • Energy
    • Life Science
    • Material Science
    • R&D Management
    • Physics
  • Technology
    • 3D Printing
    • A.I./Robotics
    • Software
    • Battery Technology
    • Controlled Environments
      • Cleanrooms
      • Graphene
      • Lasers
      • Regulations/Standards
      • Sensors
    • Imaging
    • Nanotechnology
    • Scientific Computing
      • Big Data
      • HPC/Supercomputing
      • Informatics
      • Security
    • Semiconductors
  • R&D Market Pulse
  • R&D 100
    • Call for Nominations: The 2025 R&D 100 Awards
    • R&D 100 Awards Event
    • R&D 100 Submissions
    • Winner Archive
    • Explore the 2024 R&D 100 award winners and finalists
  • Resources
    • Research Reports
    • Digital Issues
    • R&D Index
    • Subscribe
    • Video
    • Webinars
  • Global Funding Forecast
  • Top Labs
  • Advertise
  • SUBSCRIBE

Makena Payment Boosts Hologic Profits

By R&D Editors | May 3, 2011

BEDFORD, Mass. (AP) – Hologic Inc. said its second-quarter profit quadrupled after regulators approved an anti-premature birth drug that the company helped develop.

The company earned $82.4 million, or 31 cents per share, in the three months ended March 26. A year earlier, Hologic reported net income of $20.6 million, or 8 cents per share. Revenue rose 5 percent, to $438.7 million.

Excluding one-time items, Hologic earned 30 cents per share

Analysts expected earnings of 28 cents per share and revenue of $433.2 million, according to FactSet.

Hologic developed the drug Makena, which is a synthetic version of the hormone progesterone. It is intended to prevent pre-term birth in women who have a history of premature birth. Makena was approved in February, and Hologic said it received $84.5 million during the fiscal second quarter under an agreement to license the drug to K-V Pharmaceutical Co. The company said the Makena deal is worth $199.5 million.

Hologic’s product sales rose 2 percent to $361 million, Breast health revenue rose 9 percent as the company installed more digital mammogram systems. Sales of its Adiana permanent contraception system also grew, and skeletal health revenue rose. The company’s service and other revenue grew 20 percent to $77.7 million.

Hologic said it expects to earn 31 cents per share to 32 cents per share in the third quarter, on $443 million to $448 million in revenue. For the full year, it forecasts an adjusted profit of $1.24 to $1.26 per share on revenue of $1.76 billion to $1.77 billion.

Analysts expect Hologic to report a profit of 32 cents per share in the third quarter on $442.3 million in revenue. For the full fiscal year, they expect a profit of $1.23 per share and revenue of $1.76 billion.

Date: May 3, 2011
Source: Associated Press

Related Articles Read More >

2025 R&D layoffs tracker: 83,543 and counting
Health-related innovation in Morocco highlighted by resident inventor patenting activity
ARPA-H funds $29M Ginkgo-led project to reshore pharma supply chains using wheat germ tech
DNA microscope offers new 3D view of organisms from the inside out
rd newsletter
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, trends, and strategies in Research & Development.
RD 25 Power Index

R&D World Digital Issues

Fall 2024 issue

Browse the most current issue of R&D World and back issues in an easy to use high quality format. Clip, share and download with the leading R&D magazine today.

Research & Development World
  • Subscribe to R&D World Magazine
  • Enews Sign Up
  • Contact Us
  • About Us
  • Drug Discovery & Development
  • Pharmaceutical Processing
  • Global Funding Forecast

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search R&D World

  • R&D World Home
  • Topics
    • Aerospace
    • Automotive
    • Biotech
    • Careers
    • Chemistry
    • Environment
    • Energy
    • Life Science
    • Material Science
    • R&D Management
    • Physics
  • Technology
    • 3D Printing
    • A.I./Robotics
    • Software
    • Battery Technology
    • Controlled Environments
      • Cleanrooms
      • Graphene
      • Lasers
      • Regulations/Standards
      • Sensors
    • Imaging
    • Nanotechnology
    • Scientific Computing
      • Big Data
      • HPC/Supercomputing
      • Informatics
      • Security
    • Semiconductors
  • R&D Market Pulse
  • R&D 100
    • Call for Nominations: The 2025 R&D 100 Awards
    • R&D 100 Awards Event
    • R&D 100 Submissions
    • Winner Archive
    • Explore the 2024 R&D 100 award winners and finalists
  • Resources
    • Research Reports
    • Digital Issues
    • R&D Index
    • Subscribe
    • Video
    • Webinars
  • Global Funding Forecast
  • Top Labs
  • Advertise
  • SUBSCRIBE