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The program tadalafil prescription assessed pharmacokinetic properties, safety and tolerability of IC485 in healthy subjects. 2002 Full-Year Financial Results For the year ended December 31, 2002, ICOS reported a net loss of $161. 6 million ($2. Tadalafil prescription 64 per share), compared to a net loss of $80. 2 million ($1.
48 per tadalafil prescription share) for the year ended December 31, 2001. During 2002 and 2001, the Company recognized, as revenue, $4. 5 million and tadalafil prescription $15. 6 million, Tadalafil prescription respectively, of the $63. 1 million deferred in 2000 as a result of a tadalafil prescription required change in accounting for certain revenues. Total operating expenses were $30. 4 million in tadalafil prescription the first quarter of 2003, compared to $40. 4 million in the first quarter of 2002. We advanced Cialis(TM) in important tadalafil prescription ways and positioned ourselves well for investing in our products in 2003. Recent Events On January 22, 2003, the Company's first commercial product, Cialis(TM) (tadalafil), for the tadalafil prescription treatment of erectile dysfunction (ED), was shipped to European distributors. An approvable letter indicates that the FDA is prepared to approve an application upon the satisfaction of conditions specified in the letter. In the first quarter of 2003, no adjustments tadalafil prescription to those estimated costs were necessary. These forward-looking statements involve risks and uncertainties that could cause ICOS' results and the timing of certain events to differ materially from those discussed in the forward-looking statements, including risks associated with clinical development, regulatory approvals, product commercialization, intellectual property claims and litigation and other risks detailed in ICOS' latest Annual Report on Form 10-K and its other SEC filings. Business Editors/Health/Medical Writers BOTHELL, Wash. Interest and other income was $3. 7 million in the first quarter of 2003, tadalafil prescription compared to $3. 3 million in the first quarter of 2002. Research and development expenses decreased $8. 1 million from the first quarter of 2002, to $27.
Tadalafil prescription 3 million in tadalafil prescription the first quarter of 2003. In the first quarter of 2003, Texas Biotechnology agreed to be responsible for all costs and expenses of ICOS-TBC incurred subsequent to December 31, 2002. This product candidate is a monoclonal antibody that blocks the function of a receptor, found on white blood cells, which plays an early role in the progression of sepsis.
The overall decrease reflects lower collaboration revenue from affiliates (cost reimbursement revenue), which totaled $5. 3 million in the first quarter of 2003, compared to $19. Tadalafil prescription 4 million in the first quarter of 2002.
We are very pleased to report a year of significant accomplishments, said Chairman and Chief Executive Officer, Paul Clark. We expect that patients, together with their partners, will value the characteristics of Cialis, which are described in product labels where Cialis is approved, when they consider available treatment alternatives. Financial Results For the three months ended March 31, 2003, ICOS reported a net loss of $40. Tadalafil prescription before 5 million ($0. 65 per share), compared to a net loss of $39 urology tadalafil prescription. 2 million ($0. 65 per share) for the three months ended March 31, 2002. ICOS is a product-driven company that has expertise in both protein-based and small molecule therapeutics. Tadalafil prescription so a phase 2 clinical trial, in patients with diabetic gastroparesis, a possible second indication being studied for tadalafil, has begun. Business Editors BOTHELL, Wash. --(BUSINESS WIRE)--Jan more, atrophy tadalafil prescription.
Expenses in the first quarter of 2002 included start-up costs associated with the development of sales and marketing capabilities in anticipation of a U before tadalafil prescription in to. But the prescription compounds can cause fatal complications if used at the same time as certain drugs that have effects on the heart and blood vessels. The Company recognized $2.
5 million in losses related to its equity interest in ICOS-Texas Biotechnology L. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 medicine despite tadalafil prescription. In the second quarter of 2003, the Company's results of operations will include a gain of $10. 0 million from this transaction. Pafase(R) was being developed by Suncos Corporation, the Company's collaboration with Daiichi Suntory Pharma Co.The Company presently expects an FDA regulatory decision regarding Cialis(TM) in the second half of 2003. In late 2002, the Company reported that it completed a Phase 1 program with IC485, an orally active PDE-4 inhibitor under consideration for the treatment of chronic obstructive pulmonary disease or rheumatoid arthritis as though tadalafil prescription despite.