Examples of Amylin in a sentence
We report as revenue our 50 percent share of Byetta’s gross margin in the U.S., 100 percent of Byetta sales outside the U.S., and our sales of Byetta pen delivery devices to Amylin.
We paid Amylin a percentage of the gross margin of exenatide sales outside of the U.S., and these costs were recorded in cost of sales.
Amylin was responsible for manufacturing and primarily utilized third-party contract manufacturers to supply Byetta.
We reported as net product sales 100 percent of sales outside the U.S. and our sales of Byetta pen delivery devices to Amylin.
Under the terms of the termination agreement, Amylin made a one-time, upfront payment to us of $250.0 million.
All income allocated to the business outside the U.S. that was transferred during the first quarter of 2013 was recognized as a gain on the disposition of a business in other–net, (income) expense, net of the goodwill allocated to the business transferred.Prior to termination of the collaboration, we and Amylin were co-promoting Byetta in the United States.
ExenatideIn November 2011, we agreed with Amylin Pharmaceuticals, Inc.
The increase in 2012 reflects the tax impact of the payment received from Amylin and the expiration of the research and development tax credit at the end of 2011, partially offset by the tax benefit related to the intangible asset impairment for liprotamase.
Outside the U.S., we transferred to Amylin exenatide commercial rights and control in all markets during the first quarter of 2013.Payments received from Amylin were allocated 65 percent to the U.S., which was treated as a contract termination, and 35 percent to the business outside the U.S., which was treated as the disposition of a business.
We would also receive a $150.0 million milestone payment contingent upon U.S. Food and Drug Administration (FDA) approval of a once-monthly suspension version of exenatide.Commercial operations were transferred to Amylin in the U.S. in late-2011.