Valeant revenues up, losses down Costa Mesa’s...
Valeant revenues up, losses down
Costa Mesa’s Valeant Pharmaceuticals International reported
second-quarter financial results Thursday. Compared with figures from
the second quarter of 2004, Valeant increased revenues and reduced
its net loss.
For the second quarter of 2005, Valeant reported a $500,000 loss,
better than last year’s loss of $41.3 million. The firm’s revenue
for the second quarter improved 20% from $170.4 million to $205
million.
In a statement, Valeant President and Chief Executive Timothy
Tyson said his company’s North American business benefited from
product lines gained when Valeant purchased San Diego-based Xcel
Pharmaceuticals earlier this year.
Identity theft danger for those under 30
Experian, a Costa Mesa credit bureau, and the Gallup Organization
released poll results Wednesday that reported 18% of respondents have
been victims of identity theft. The statistic was higher for people
under age 30. For that demographic, 25% reported being victims of
identity theft.
While only 6% of respondents claimed to have bought any form of
protection against identity theft, 62% believe their data could be
stolen via the Internet.
Experian-Gallup poll results also reported an increase in consumer
confidence. The poll debuted in March with a baseline score of 100
points. According to the poll, consumer confidence improved from a
score of 79 in June to 98 in July, the highest score since the poll
was introduced. The index is calculated using factors including
respondents’ household debt, monthly payment burdens and credit
scores.
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