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Medicis Reports Fourth Quarter and Year-End Fiscal 2003 Financial Results.

Business Wire

| August 26, 2003 | COPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Business Editors/Health/Medical Writers

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 26, 2003

Medicis (NYSE:MRX) today announced fiscal 2003 net revenue growth of 16% to $247.5 million with net income of $63.5 million, or $2.25 per diluted share, representing 15% growth in earnings per share, or EPS, as compared to the prior year. The net income and EPS results are absent a $12.2 million tax-effected special charge reported during fiscal 2003 associated with research and development collaborations. Net income and EPS including the special charges associated with the research and development collaborations were $51.3 million and $1.82 per diluted share, ...

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