For 2005, the Company reported total revenue of $126.3 million, compared to $114.3 million in 2004. In 2005, product and royalty revenue was $29.4 million compared to $25.1 million in 2004; contract research revenue was $81.6 million compared to $89.2 million for 2004. In 2005, the Company reported Exubera commercialization readiness revenue from Pfizer of $15.3 million for reimbursement of certain agreed-upon operating costs related to preparation for commercial manufacture of Exubera drug powder.
