NEW YORK--(BUSINESS WIRE)--Forest Laboratories, Inc. (NYSE: FRX), an international pharmaceutical manufacturer and marketer, today announced that reported earnings per share equaled $1.11 in the third quarter of fiscal 2011 after taking a charge for a new product licensing fee of $66.1 million or $0.23 per share, net of tax. During the quarter, the Company entered into a licensing agreement with the Gruenenthal Group (Gruenenthal) for the co-development and commercialization of GRT 6005 and its follow-on compound GRT 6006, first in class novel small molecule analgesic compounds for the treatment of moderate to severe chronic pain. Reported earnings per share in the third quarter of fiscal 2010 were $0.69 after charges for a new product licensing fee of $75.0 million, or $0.25 per share net of tax, related to a licensing agreement with Almirall, S.A. (Almirall) for LAS100977, for the treatment of both asthma and chronic obstructive pulmonary disease (COPD); and certain restructuring costs related to our Long Island packaging facility of $14.0 million, or $0.03 per share net of tax.
