Medivation Reports Third Quarter 2015 Financial Results

SAN FRANCISCO, CA, Nov 05, 2015 (Marketwired via COMTEX) -- Medivation, Inc. MDVN, +6.12% today reported its financial results for the third quarter ended September 30, 2015. U.S. net sales of XTANDI(R) (enzalutamide) capsules, as reported by Astellas Pharma Inc, were $313.0 million for the quarter (+73% vs. prior year). Third quarter 2015 U.S. net sales increased by approximately 5% compared with second quarter 2015 net sales of $298.4 million. The sequential quarter increase in net sales was primarily due to an increase in underlying demand (mid-single digit percent growth, compared with June 2015 quarter) and a lower gross-to-net rate recorded by Astellas in the third quarter, which was offset by changes in channel partner inventory levels during the quarters.

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