Osiris Misses on Q4 Earnings - Analyst Blog


Osiris Therapeutics Inc.'s ( OSIR ) fourth quarter 2013 earnings came in at 11 cents per share, compared to the year-ago loss of 2 cents per share. However, fourth quarter earnings missed the Zacks Consensus Estimate of $1.29 per share.

Revenues for the quarter came in at $8.1 million, missing the Zacks Consensus Estimate of $58 million but well above the year-ago quarter revenues of $2.9 million.

Full year earnings came in at 3 cents per share, compared to the year-ago loss of 18 cents per share and the Zacks Consensus Estimate of a loss of 21 cents per share. Revenues came in at $24.3 million, well above the year-ago revenues of $7.8 million. The Zacks Consensus Estimate was $73 million.

Quarterly Details

Research and development (R&D) expenses increased 62.4% from the year-ago period to $1.9 million. The company intends to study Grafix for the treatment of venous leg ulcers.

Selling, general and administrative expenses increased to $4.1 million from $1.7 million in the year-ago period reflecting investment in commercial activities. The company has increased its sales force significantly for the promotion of Grafix.

Meanwhile, in early Oct 2013, Osiris sold its culture-expanded mesenchymal stem cell (ceMSC) business including Prochymal (for up to $100 million) to a wholly-owned subsidiary of Mesoblast Limited. Osiris will be entitled to royalty payments as well.

Osiris also stated that the FDA does not require the company to file a biologic license application (BLA) for Grafix to remain on the market. However, the company intends to submit a BLA for enhanced label claims - discussions with the FDA are ongoing.

Osiris is a Zacks Rank #3 (Hold) stock. Some better-ranked stocks in the health care sector include companies like Alexion Pharmaceuticals, Inc. ( ALXN ), Gilead Sciences Inc. ( GILD ) and Alkermes plc ( ALKS ) - all three are Zacks Rank #1 (Strong Buy) stocks.

ALKERMES INC (ALKS): Free Stock Analysis Report

ALEXION PHARMA (ALXN): Free Stock Analysis Report

GILEAD SCIENCES (GILD): Free Stock Analysis Report

OSIRIS THERAPTC (OSIR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Earnings , Stocks

Referenced Stocks: ALKS , ALXN , GILD , OSIR



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