Monday, April 30, 2012

Which Kind Of Cellulite Treatment Do You Prefer?

Which Kind Of Cellulite Treatment Do You Prefer?
If you have cellulite and you are looking for a way to get rid of it, you should learn more about your cellulite treatment options and determine which one is the best for you. Read on to learn more.
Source: EzineArticles.com

Angiotech Pharmaceuticals announces conference call and webcast

Angiotech Pharmaceuticals announces conference call and webcast

First Quarter 2012 Financial Results

VANCOUVER, April 30, 2012 /PRNewswire/ - Angiotech Pharmaceuticals, Inc. will host a conference call discussing its financial results for the first quarter ended March 31, 2012, on Tuesday, May 15, 2012 at 1:00 PM ET (10:00 AM PT).

Dial-in information for the earnings call on May 15, 2012 is as follows:
North America (toll-free):  (866) 831-6247
International:  (617) 213-8856
Enter Passcode:  33443300

A live webcast of the earnings call will be available to interested parties through Angiotech's website at www.angiotech.com in the Investors section.

A press release announcing Angiotech's financial results will be issued prior to the call on May 15th at approximately 12:00 PM ET (9:00 AM Pacific).

An archived replay of the call will be available until May 22, 2012.

Replay information is as follows:
North America (toll-free): (888) 286-8010
International: (617) 801-6888
Enter Passcode: 71756818

About Angiotech Pharmaceuticals
Angiotech Pharmaceuticals, Inc. is a global specialty pharmaceutical and medical device company. Angiotech discovers, develops and markets innovative treatment solutions for diseases or complications associated with medical device implants, surgical interventions and acute injury. To find out more about Angiotech, please visit our website at www.angiotech.com.

SOURCE Angiotech Pharmaceuticals, Inc.

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Source: www.prnewswire.com

The Real Story On Rehab Program in New Jersey

The Real Story On Rehab Program in New Jersey

Teens all over the world are getting a growing number of interested in learning the things that come in and around them. They would like to understand how and why things happen the direction they do this also pursuit of hunger contributes to searching for the wrong avenues and answers. The web is the place where some may research before you buy, and some use what their ages are mates who are none the wiser. Such kids, get misinformed and misled producing them becoming wilder and harder to tame or cope with.

It is getting progressively difficult for folks to acquire to their teenage children. Precisely what is more frustrating is the parents have given up on understanding what happens in the lives of their children, teenagers. It’s correct that this said parents also passed through the same phase plus they had their unique temptations to get rid of, but they had their parents with them all the way.

Teens have a problem of not grasping well the alterations that are connecting on: This is actually the stage where their bodies are changing, where adolescence strikes. Teen hood it’s time when they want to attract folks a man or woman, time once they wish to explore more of the world since they now consider themselves adults. Without proper guidance and counseling, many of them wind up mixing with all the wrong categories of people.

We’ve got turned into a society that values more the benefits we reap from the places of work and possess forgotten that other concerns, family and peace, must be addressed. Parents should use up the mantle and provide their children on their side. It is tough and difficult looking to get right through to a youngster who thinks they knows best because the chums have advised him or her.

The desire to explore contributes to bad behaviors offering tasting the drugs or some other substance that this teen could get a hold of, while at the same time setting up walls against those she or he considers foes; any one with a decent message or advice. If intervention isn’t sought at this time, the situation deteriorates to increase and worser levels.

Addiction is a serious neurological disease, but you can get your life back in line with an effective new hampshire detox center and new jersey rehabilitation program.


Source: www.thehealthdirectoryonline.com

Taking it Mainstream: Top Vegan Trends

Taking it Mainstream: Top Vegan Trends
Veganism is hot, hot, hot! And boy, am I excited to be a part of a burgeoning trend, instead of coming into it three months after it's not cool anymore! Here are a handful of my favorite vegan things that are trending right now:

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Image by KROMKRATHOG

Veganism is hot, hot, hot! And boy, am I excited to be a part of a burgeoning trend, instead of coming into it three months after it’s not cool anymore! Here are a handful of my favorite vegan things that are trending right now:

Vegan Accessories
I have lamented before about my love for leather, and how it was harder for me to nix boots and bags than cheesy pizza or ice-cream. But recently, vegan bags and other accessories are becoming a lot more available in mainstream stores, perhaps because the lifestyle is becoming trendier by the day. Just last week, VegNews posted about Disney World featuring vegan handbags! This is terrific because it shows that people are seeing veganism as a lifestyle, not just a dietary choice. Vegan shoes and bags are not particularly new to the online world of websites and Etsy stores (though it’s nice to see more of them popping up all the time!) – but now we’re starting to find vegan items in stores all over the place – and that helps vegan to really reach mainstream society. In addition, purely vegan stores are becoming more and more common. Case in point, VM did an interview with the first completely vegan shoe store in Vancouver recently!

Vegan Athletes Kicking Ass
Vegan athletes have been all over the news, synergizing strength and compassion. Here at VM, we did a whole week-long theme on these inspiring individuals. The winner of the 2011 Tough Mudder, Juliana Sproles, showed a whole new side of strength, and male athletes like Ultra Marathoners Brendan Brazier and Rich Roll are making news on the regular.

Vegan Sex Appeal
Not only are vegan athletes strong, but they are sexy, too. Though all of us vegans already know that, now the rest of the world is starting to get the scoop! Check out this site, VGirls|VGuys, an online project promoting the beauty and strength behind veganism. Plus, John Lewis, aka the Bad Ass Vegan has his own Sexy Bad Ass Vegan page, where he features a different smokin’ hot vegan every month. Sexy inside and out!

Vegan Men
After VegNews dedicated their entire current issue to vegan men, called the Man Issue, no one can argue that vegan men are not taking center stage. This is terrific, as vegan women seem to completely outnumber vegan men. With prominent male figures giving veganism a shout-out (Hey, Bill Clinton!) vegan men have been on the rise.

Vegan Families
More and more resources are becoming available to parents who want to raise their kids vegan. Blogs and books are springing up dedicated to the subject, and some are stirring up the controversy pot. Ruby Roth’s Vegan is Love pro-vegan children’s book has been upsetting omnivorous parents all over, as it shows kids the correlation between animals and what we eat, and talks about animal cruelty in a way that some deem innapropriate for young readers. Roth’s response?

“I want everyone to know that I feel great about the controversy regarding Vegan Is Love. The discussion about kids and health is happening in a national forum, and I’ve received amazing responses from a surprisingly broad range of people – military men, moms, militant vegans, and even supportive meat-eaters. Please stay tuned by joining me via  http://www.facebook.com/wedonteatanimals.”

On the same note, this past week, the LA times published an article discussing raising kids vegan. Vegan mamas all over have their hackles raised, and some great defenses have surfaced. No matter the controversy, the topic is hot, and the conversation is happening. That means people – in the mainstream, as well as those already involved in the vegan movement - are thinking and talking more and more about veganism. And that can only be a good thing!

Have I missed something? Share your thoughts on current/upcoming vegan trends here!


Source: feedproxy.google.com

Fuse Science Announces Continued Advancement Of Commercialization Strategy

Fuse Science Announces Continued Advancement Of Commercialization Strategy

MIAMI LAKES, Fla., April 30, 2012 /PRNewswire/ -- Fuse Science Inc. (OTCQB: DROP), (www.fusescience.com) announced today continued advancement of its commercialization strategy for its new DROP technology products.  Last week, Fuse Science announced its first global distribution partnership with GNC for EnerJel™  which begins in June 2012. This followed the very strong after-use and repeat purchases of the EnerJel™ brand,which are significantly above category average and which continue to grow. We now anticipate similar after use performance for the DROP line based upon initial consumer research. Today the Company is on track for initial engineering and production runs for launches of the DROP Technology ElectroFuse™ and PowerFuse™ brands.  We plan initial launches by end of June, with an expansion into national distribution during the summer of 2012.

The distribution partnership between Fuse Science™  and Mission Athletecare™ is also advancing towards its objectives very well.  The Mission Athletecare™ brand is currently sold in over 20,000 doors and growing, including distribution in such national retailers like Dick's Sporting Goods, Sports Authority, CVS and Walgreen's, etc. In the coming days and weeks, we anticipate further significant announcements regarding distribution expansion for both the  EnerJel™ and DROP product lines.

If you would like to understand what it means to be Powered By Fuse!™ today, log onto www.poweredbyfuse.com and enter Promo code "getpowered" for 20% off your EnerJel™.

About Fuse Science Inc.
Fuse Science Inc. (OTCQB: DROP), is an innovative consumer products holding company based in Miami Lakes, Florida.  Fuse Science holds the rights to new, patent-pending technologies poised to redefine how consumers receive energy, medicines, vitamins and minerals.  The company maintains the rights to sublingual and transdermal delivery systems for bioactive agents that can now, for the first time, effectively encapsulate and charge many varying molecules in order to produce complete product formulations which can bypass the gastrointestinal tract and enter the blood stream directly - all in a concentrated "DROP" form that is simply applied under the tongue.  The Fuse Science technology is designed to accelerate conveyance of medicines or nutrients relative to traditional pills and liquids and can enhance how consumers receive these products.  Information about Fuse Science is available online at www.fusescience.com  and www.poweredbyfuse.com  or by calling 305-503-FUSE (3873).

Safe Harbor Statement: Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.

SOURCE Fuse Science Inc.

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http://www.fusescience.com


Source: www.prnewswire.com

Top Ten Natural Allergy Remedies

Top Ten Natural Allergy Remedies

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Looking for natural allergy remedies?

If you are suffering from allergies, it is your body’s way of telling you that it is over stressed with toxic burdens and that your immune system is under assault. Typically in adults this is a result of improper eating and lifestyle habits. However, there are other contributing factors. Exposure to environmental pollution can build up in the body and cause allergy responses. In young children and babies, allergies can also be a carry over of toxins from the mother. Emotional stress and fatigue can bring about allergies by suppressing the immune system’s ability to fight foreign invaders.

Because of the increased use of chemicals, herbicides, pesticides, synthetic drugs, food additives, processed foods and other pollutants, allergies are on the rise. It is becoming harder and harder for us to avoid environmental toxins. In spite of this, we still have great control over the choices that we make which effect our health.

Symptoms Associated with Immune Suppression and Allergies:

Natural Allergy Remedies

If any of these symptoms are an issue for you or a loved one, throw away the over the counter medications and try these ten natural allergy remedies for building and supporting the immune and digestive system.

  1. Use cleansing herbs to help the body eliminate excess toxins.
    • Burdock is a great blood cleanser.
    • Lobelia helps loosen bronchial congestion and other obstructions in the body.
    • Milk thistle is a wonderful liver cleanser.
  2. Make dietary changes.
    • Avoid as many refined, processed foods as possible.
    • Do an elimination, rotation diet by taking away one known food allergen at a time and taking notes on any symptom improvements. Eliminate foods that are acknowledged as problematic.
    • Avoid food additives.
    • Increase dietary fiber in the diet.
    • Eat more fruits and vegetables.

    Common Food Allergens:

    • Dairy
    • Chocolate
    • Wheat and other gluten grains
    • White sugar
    • Peanuts
    • Seafood
  3. Add nutritional supplements to aid and build the immune and digestive systems.
    • Vitamin A is an antioxidant and helps build the immune system. It also soothes mucous membranes.
    • B-Complex aids the digestive system and is helpful with reducing stress.
    • Vitamin C is an antioxidant that aids the immune system.
    • Minerals are necessary for all the body’s functions.
    • Calcium and magnesium work together to help fight infections, stress and many other of the body’s important functions.
    • Acidophilus helps build the digestion and eliminate undigested proteins.
    • Essential fatty acids are important in many of the body’s functions from the brain, hormones to digestion. Many diets are lacking in essential fatty acids.
    • Food enzymes are very important in aiding the digestive system to break down food so that it does not become toxic.
  4. Use herbs for their natural antibiotic properties.
    • Angelica, Echinacea, garlic, and golden seal are all natural antibiotics.
  5. Wash bedding, rugs, pillows and other common household items that hold dust and allergens.
  6. Replace furnace filters, keep floors cleaned and furniture dusted.
  7. Replace toxic household cleaning products and personal care products that are filled with chemicals. Choose organic or more natural alternatives.
  8. Avoid chemical treated water.
  9. Add more plants to your home. Plants such as bamboo palm, Boston fern, English ivy, peace lily, rubber and the spider plant are all helpful in removing toxins from indoor air.
  10. Make sure your bowels are moving at least once a day so that toxins are being eliminated. If you are not going once a day, use a natural bowel sweeper like flax seed, psyllium or apple pectin.

With proper diet, internal cleansing and supporting the body with these natural allergy remedies and supplements, your body will grow stronger and be able to more efficiently detox the invaders that are causing you allergy symptoms.

To receive more quality information about getting healthy and staying healthy, sign up for Natural Health Girl's newsletter.

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Hologic Announces Second Quarter Fiscal 2012 Operating Results

Hologic Announces Second Quarter Fiscal 2012 Operating Results

BEDFORD, Mass, April 30, 2012 /PRNewswire/ -- Hologic, Inc. (Hologic or the Company) (Nasdaq: HOLX), a leading developer, manufacturer and supplier of premium diagnostics products, medical imaging systems and surgical products dedicated to serving the healthcare needs of women, today announced its results for the second fiscal quarter ended March 24, 2012.

Highlights:

  • Revenues of $471.2 million resulting from year-over-year growth in all four operating segments.
  • Net loss of $40.3 million, or $0.15 per diluted share, calculated in accordance with U.S. generally accepted accounting principles (GAAP).
  • Non-GAAP adjusted net income of $86.8 million, or $0.33 per diluted share, and adjusted EBITDA (non-GAAP adjusted earnings before interest, taxes, depreciation and amortization) of $157.4 million. A reconciliation of GAAP to non-GAAP results is included as an attachment to this press release.
  • Exchange transaction to retire $500 million, 2.00% Convertible Senior Notes due 2037, extending the earliest put date for the exchanged notes by approximately four years to March 2018.
  • Several new product clearances, launches and milestones achieved in the U.S. and internationally.
  • Decision to discontinue sales of the Adiana permanent contraception system.
  • Hologic to acquire Gen-Probe for $82.75 per share in cash.

Second quarter fiscal 2012 operating results overview:

Second quarter fiscal 2012 revenues totaled $471.2 million, an increase of 7.4% compared to revenues of $438.7 million in the second quarter of fiscal 2011. This increase resulted from growth in revenues in all four of our operating segments, primarily from: (i) growth in Breast Health revenues of $12.8 million, or 6.2%, driven by a $7.9 million, or 5.7%, increase in product revenues and a $4.9 million, or 7.1%, increase in service revenues; (ii) an increase in Diagnostics revenues of $13.6 million, or 9.8%, primarily due to growth in ThinPrep revenues from the acquisition of TCT International Co., Ltd. (TCT) in Beijing, China on June 1, 2011 and growth in sales of our molecular diagnostics product lines; (iii) an increase in GYN Surgical revenues of $5.7 million, or 8.0%, related to contributions from the MyoSure hysteroscopic tissue removal (MyoSure) system, partially offset by decreases in NovaSure endometrial ablation (NovaSure) and Adiana permanent contraception (Adiana) system sales; and (iv) an increase in Skeletal Health revenues of $0.5 million, or 2.0%, due to an increase in bone densitometry product sales, partially offset by a decline in Mini C-Arm product sales.

For the second quarter of fiscal 2012, Hologic reported a net loss of $40.3 million, or $0.15 per diluted share, compared with net income of $82.4 million, or $0.31 per diluted share, in the second quarter of fiscal 2011.

The Company's non-GAAP adjusted net income increased 10.1% to $86.8 million, or $0.33 per diluted share, in the second quarter of fiscal 2012 compared to $78.9 million, or $0.30 per diluted share, in the prior year. The Company's fiscal 2012 and 2011 second quarter non-GAAP adjusted net income primarily excludes: (i) a non-cash charge of $61.0 million and $59.0 million, respectively, attributable to the amortization of intangible assets; (ii) a non-cash interest expense charge of $17.9 million and $17.8 million, respectively, related to the Convertible Notes; (iii) a net charge of $61.3 million and credit of $4.2 million, respectively, for contingent consideration related to recent acquisitions; and (iv) $1.7 million and $2.6 million, respectively, of acquisition-related costs and other charges. The Company's fiscal 2012 second quarter non-GAAP adjusted net income also excludes: (i) a $42.3 million non-cash loss on the exchange of Convertible Notes; (ii) an $18.3 million charge related to the write off of certain assets and charges as a result of the Company's decision to cease commercialization of the Adiana product; and (iii) a gain of $12.4 million resulting from a scheduled milestone payment received from KV Pharmaceuticals (KV). The Company's fiscal 2011 second quarter non-GAAP adjusted net income also excludes a net gain of $84.5 million from the sale of intellectual property to KV.

For the six months ended March 24, 2012, revenues totaled $943.9 million, an increase of 8.3% compared to revenues of $871.2 million in the six months ended March 26, 2011. The increase was primarily attributable to: (i) growth in Breast Health revenues of $32.8 million, or 8.2%, driven by a $22.0 million, or 8.2%, increase in product revenues and a $10.8 million, or 8.0%, increase in service revenues; (ii) an increase in Diagnostics revenues of $28.6 million, or 10.3%, primarily due to growth in ThinPrep revenues from the acquisition of TCT and, to a lesser extent, the growth in sales of our molecular diagnostics product lines; (iii) an increase in GYN Surgical revenues of $8.6 million, or 5.8%, related to contributions from the MyoSure system, partially offset by a decrease in NovaSure and Adiana system sales; and (iv) an increase in Skeletal Health revenues of $2.8 million, or 6.1%, primarily due to an increase in bone densitometry sales.

For the six months ended March 24, 2012, Hologic reported a net loss of $19.5 million, or $0.07 per diluted share, compared with net income of $93.4 million, or $0.35 per diluted share, in the six months ended March 26, 2011. The Company's non-GAAP adjusted net income increased 11.4% to $176.9 million, or $0.67 per diluted share, in the six months ended March 24, 2012 compared to $158.7 million, or $0.60 per diluted share, for the same period in the prior year. The Company's non-GAAP adjusted net income for the first six months of fiscal 2012 and 2011 primarily excludes: (i) a non-cash charge of $122.0 million and $115.6 million, respectively, attributable to the amortization of intangible assets; (ii) a non-cash interest expense charge of $36.9 million and $36.2 million, respectively, related to the Convertible Notes; (iii) a net charge of $76.9 million and credit of $3.1 million, respectively, for contingent consideration related to recent acquisitions; (iv) a $42.3 million and $29.9 million, respectively, non-cash loss on the exchange of Convertible Notes; and (v) $2.7 million and $5.0 million, respectively, of acquisition-related costs and other charges. The Company's fiscal 2012 second quarter non-GAAP adjusted net income also excludes an $18.3 million charge related to the write off of certain assets and charges as a result of the Company's decision to cease commercialization of the Adiana product and a gain of $12.4 million related to the scheduled milestone payment received from KV. The Company's non-GAAP adjusted net income for the first six months of fiscal 2011 also primarily excludes a net gain on sale of intellectual property of $84.5 million.

Non-GAAP adjusted net income, non-GAAP adjusted earnings per diluted share (non-GAAP adjusted EPS), and adjusted EBITDA are non-GAAP financial measures. The Company's definitions of these non-GAAP financial measures, and the reconciliations of these measures to the Company's comparable GAAP financial measures for the periods presented, are set forth in the supplemental information attached to this press release. When analyzing the Company's operating performance, investors should not consider these non-GAAP measures as a substitute for the comparable financial measures prepared in accordance with GAAP.

"We are once again very pleased we experienced year-over-year revenue growth in all four of our business segments and our operating results were in-line with expectations, given the second quarter is historically our slowest as a result of resetting deductibles and the timing of orders for capital equipment," said Rob Cascella, President and Chief Executive Officer. "We continue to be extremely excited about the increasing adoption of our 3D breast tomosynthesis as the standard of care in breast imaging. Our breast biopsy line of products continues to grow and take market share, as does our MyoSure product, which is exceeding our expectations. Although a typically difficult quarter for Diagnostics, we continue to be very pleased with growth internationally in this segment. We also continue to execute on our strategy to deliver new, innovative best-in-class technologies to both new and emerging markets and a number of product approvals and clearances are marking the way for our global expansion. Through our recent acquisitions, core product growth and ongoing product development, we remain well-positioned to demonstrate solid global growth."

Second quarter fiscal 2012 revenue overview by segment (as compared to second quarter fiscal 2011):

  • Breast Health revenues, which include the Company's mammography, breast biopsy, Magnetic Resonance Imaging (MRI) coils and MammoSite product lines, increased to $218.6 million in the current quarter compared to $205.9 million in the prior year, an increase of 6.2%. Product revenue growth was driven primarily by a combination of: (i) the continued shift in sales from Selenia to Dimensions systems and, to a lesser extent, an increase in the total number of digital mammography systems sold; and (ii) growth in sales of the Company's breast biopsy products, led by the Eviva biopsy system. The Company also realized a $4.9 million, or 7.1%, increase in service revenue related to its increased installed base of digital mammography systems.
  • Diagnostics revenues, which include the Company's ThinPrep products, Rapid Fetal Fibronectin test, Cervista HPV tests, and other molecular diagnostics products, totaled $151.8 million in the current quarter compared to $138.2 million in the prior year, an increase of 9.8%. Sales growth was driven primarily by a combination of higher ThinPrep revenues (from both the addition of TCT and other international sales) and growth in sales of molecular diagnostics products. Incremental ThinPrep revenues from the TCT acquisition were approximately $8.2 million during the current period, as compared to $7.3 million and $7.9 million in the first fiscal quarter of 2012 and the fourth quarter of fiscal 2011, respectively (incremental revenues represent the total third party price less the original price previously charged to TCT).
  • GYN Surgical revenues, which include the Company's NovaSure, MyoSure and Adiana systems, totaled $77.2 million in the current quarter compared to $71.5 million in the prior year, an increase of 8.0%. Sales growth was driven by an increase in sales of the MyoSure system, partially offset by lower NovaSure system sales and, to a lesser extent, Adiana system sales.
  • Skeletal Health revenues, which mainly include the Company's osteoporosis assessment and Mini C-Arm product lines, totaled $23.5 million in the current quarter compared to $23.1 million in the prior year, an increase of 2.0%. This increase was the result of an increase in bone densitometry sales, partially offset by a decline in Mini C-Arm product sales.

Hologic to Acquire Gen-Probe:

Today, Hologic and Gen-Probe (NASDAQ: GPRO) announced that they have entered into a definitive agreement pursuant to which Hologic will acquire Gen-Probe for $82.75 per share in cash, or a total of approximately $3.7 billion. Please refer to a joint press release issued by the parties today for additional details regarding the transaction.

Exchange of Convertible Senior Notes:

On February 29, 2012, the Company entered into separate, privately-negotiated exchange agreements under which it retired $500 million in aggregate principal of the Company's outstanding 2.00% Convertible Senior Notes due 2037 ("2007 Notes") in exchange for the issuance of $500 million in aggregate principal of new 2.00% Convertible Senior Notes due 2042 ("2012 Notes"). In doing so, the first date on which holders of the 2012 Notes may require the Company to purchase the notes outstanding was extended approximately four years from December 2013 to March 2018 in order to provide the Company with additional flexibility relative to its future liquidity needs. In return, the holders of the 2012 Notes received a lower conversion price. Following these transactions, approximately $775 million in aggregate principal amount of the 2007 Notes remains outstanding, with an aggregate principal balance of total Company convertible senior notes outstanding remaining at $1.725 billion.

New Products:

510k clearance of the premarket application for the Aquilex Fluid Control (Aquilex) system

On February 6, 2012, the Company received 510k clearance for its premarket application for the Aquilex fluid control system and has subsequently started to commercialize Aquilex in the U.S through its GYN Surgical sales force. The Company's Aquilex system for hysteroscopy is designed to reduce procedure and anesthesia time while providing high quality visualization to the surgeon.

Product Commercializations

The Company began to commercialize its C-View synthesized 2D image reconstruction algorithm (C-View) in Europe during the second quarter of fiscal 2012 following the product's CE Marking in November 2011. C-View software provides an alternative by eliminating the need for a conventional 2D mammogram as a component of a 3D mammography exam. For users of Hologic's 2D plus 3D tomosynthesis breast cancer screening system, C-View software creates a 2D image from a single tomosynthesis scan and is approved for sale throughout the European Economic Area and in other countries recognizing the CE Mark.

The Company began to commercialize its Serenity digital mammography system during the second quarter of fiscal 2012 following the product's SFDA approval by China's regulatory body in December 2011. The Serenity system is a lower cost digital mammography system better suited for certain segments of the Chinese market. This new system incorporates Hologic's selenium detector into the updated platform of the Healthcome analog system.

The Company began full commercial launch in China of its Cervista HPV HR test during the second quarter of fiscal 2012 following the product's SFDA approval in September 2011. Hologic's HPV HR test utilizes Hologic's proprietary Invader technology to detect 14 high risk types of HPV that are associated with cervical cancer and precancerous lesions.

Multiple International Product Approvals  

During the second quarter of fiscal 2012, the Company received international approvals for several of its Diagnostics and GYN Surgical products. Such product approvals include: various ThinPrep instrumentation in China and Russia and the ThinPrep pap test in Russia; the Cervista HPV HR test in Japan; the Aquilex fluid management system in the European Union; and the MyoSure and Aquilex systems in Australia and New Zealand.

Honors and Milestones:

Hologic's Dimensions 3D tomosynthesis system was ranked #1 and its Dimensions 2D system was ranked #2 in overall performance in the new KLAS Women's Imaging 2012: "Tomosynthesis Makes a Splash" report. The Dimensions tomosynthesis system scored highest or tied for highest in 24 of 25 performance measures evaluated. The report is based on in-depth interviews with users of the major systems in use in the U.S. mammography market.

During the second quarter of fiscal 2012, the Company shipped its 500 millionth ThinPrep pap test since its launch in 1996. Hologic was the first to develop a liquid-based pap test, which replaced the traditional pap smear, and has since enjoyed majority share in the U.S. market. The Company's success in the U.S. has allowed it to quickly expand globally in areas such as Canada, Europe, Australia, Asia, Latin America, the Middle East and Africa.

Decision to Discontinue Sales of the Adiana System:

In March, after determining the product was not financially viable and would not become so in the foreseeable future, the Company decided to discontinue the manufacturing, sales and marketing of its Adiana system and to focus its resources on the continued growth and success of its core products. Hologic has resolved ongoing litigation with Conceptus concerning patent infringement claims. In conjunction with this settlement, the parties have agreed that in exchange for Conceptus agreeing to forgo the $18.8 millon jury award, Hologic would agree to a permanent injunction against the manufacture, sale and distribution of the Adiana  product. Hologic has also granted Conceptus a license to Hologic's intellectual property related to its Adiana product. Hologic expects to complete the wind down of its Adiana business over the next six weeks. The parties have also agreed to dismiss the false patent marking case between them.  

Financial Guidance:

The Company's guidance reflects its current core products, including revenues from its approved/cleared products and its recently acquired businesses, but does not reflect any revenue or earnings from pending or future acquisitions.

Third Quarter Fiscal 2012 (Quarter ending June 23, 2012):

  • The Company expects third quarter fiscal 2012 revenues of $475 million to $480 million. This primarily reflects an increase in revenues related to its fiscal 2011 acquisitions, the ramp-up of new products including the Dimensions and MyoSure systems, and an overall strengthening in each of the Company's operating segments, partially offset by a reduction in revenues related to the Adiana product. Year-over-year, this represents an expected increase in revenues of 5% to 6% over third quarter fiscal 2011 revenues of $451.1 million.
  • The Company expects non-GAAP adjusted EPS to be approximately $0.34.

Fiscal 2012 (Year ending September 29, 2012):

  • The Company is reaffirming fiscal 2012 revenue guidance of $1.9 billion to $1.925 billion. Year-over-year, this represents an expected increase in revenues of 6% to 8% over fiscal 2011 revenues of $1.79 billion. This primarily reflects an increase in revenues related to the Company's fiscal 2011 acquisitions and, to a lesser extent, increases in the Breast Health, GYN Surgical and Diagnostics segments and also takes into account a reduction in revenues related to the Adiana product.
  • The Company is reaffirming non-GAAP adjusted EPS guidance of approximately $1.36 to $1.38.

Estimates of certain non-GAAP adjustments the Company anticipates will be reflected in its non-GAAP fiscal 2012 third quarter and fiscal 2012 year financial performance are included as an attachment to this press release.

Hologic may not generate expected revenues and may incur expenses or charges or realize income or gains in fiscal 2012 that could cause actual results to vary from the guidance above. In addition, the Company is continuing to monitor the effects of the U.S., European and general worldwide economic and regulatory conditions and related uncertainties, including the implementation of healthcare cost containment measures and healthcare reform legislation, as well as foreign currency fluctuations, which, along with other uncertainties facing the Company's business including those referenced elsewhere herein and its filings with the Securities and Exchange Commission, could adversely affect anticipated results.

Conference Call and Webcast:

Hologic and Gen-Probe management will host a conference call at 8:15 a.m. (Eastern) to discuss today's announcement, Hologic's second fiscal quarter of 2012 results and Gen-Probe's first quarter 2012 results. Interested participants may listen to the call by dialing 877-856-1962 (for callers within the U.S.) or 719-325-4863 (for international callers) and referencing code 4975261 approximately 15 minutes prior to the call. The webcast and accompanying slides can be accessed at www.hologic.com or www.gen-probe.com.

A replay of the call will be available through May 18, 2012 at 888-203-1112 (for callers within the U.S.) or 719-457-0820 (for international callers), access code 4975261, and at www.hologic.com or www.gen-probe.com.

Supporting materials for the conference call, including a presentation, will be available on the Investor Relations sections of Hologic's and Gen-Probe's websites at http://investors.hologic.com and www.gen-probe.com, respectively.

Hologic's second quarter earnings conference call, originally scheduled for tonight, is canceled.

About Hologic, Inc.:

Hologic, Inc. is a leading developer, manufacturer and supplier of premium diagnostics products, medical imaging systems and surgical products dedicated to serving the healthcare needs of women. Hologic's core business units are focused on breast health, diagnostics, GYN surgical and skeletal health. Hologic provides a comprehensive suite of technologies with products for mammography and breast biopsy, breast Magnetic Resonance Imaging, radiation treatment for early-stage breast cancer, cervical cancer screening, treatment for menorrhagia and uterine fibroids, osteoporosis assessment, preterm birth risk assessment, mini C-arm for extremity imaging and molecular diagnostic products including HPV and reagents for a variety of DNA and RNA analysis applications.

Hologic, Adiana, Aquilex, C-View, Cervista, Dimensions, Eviva, Healthcome, Invader, MammoSite, MyoSure, NovaSure, Rapid fFN, Selenia, Serenity, TCT and ThinPrep and associated logos are trademarks and/or registered trademarks of Hologic, Inc. and/or its subsidiaries in the United States and/or other countries.

Forward-Looking Statement Disclaimer:

This News Release contains forward-looking information that involves risks and uncertainties, including statements regarding the Company's plans, objectives, expectations and intentions. Such statements include, without limitation, statements regarding: economic and market trends; financial or other information included herein based upon or otherwise incorporating judgments or estimates relating to future performance, events or expectations; and the Company's outlook and financial and other guidance. These forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated.

Risks and uncertainties that could adversely affect the Company's business and prospects, and otherwise cause actual results to differ materially from those anticipated, include without limitation: U.S., European and general worldwide economic conditions and related uncertainties; the Company's reliance on third-party reimbursement policies to support the sales and market acceptance of its products, including the possible adverse impact of government regulation and changes in the availability and amount of reimbursement and uncertainties regarding the availability or amount of reimbursement for new products or product enhancements; uncertainties regarding the recently enacted or future healthcare reform legislation, including associated tax provisions, or budget reduction or other cost containment efforts; changes in guidelines, recommendations and studies published by various organizations that could affect the use of the Company's products; uncertainties inherent in the development of new products and the enhancement of existing products, including FDA approval and/or clearance and other regulatory risks, technical risks, cost overruns and delays; the risk that products may contain undetected errors or defects or otherwise not perform as anticipated; manufacturing risks, including the Company's reliance on a single or limited source of supply for key components, and the need to comply with especially high standards for the manufacture of many of its products; the Company's ability to predict accurately the demand for its products, and products under development, and to develop strategies to address its markets successfully; the early stage of market development for certain of the Company's products; risks associated with acquisitions, including without limitation, the Company's ability to successfully integrate acquired businesses, the risks that the acquired businesses may not operate as effectively and efficiently as expected even if otherwise successfully integrated, the risks that acquisitions may involve unexpected costs or unexpected liabilities, and the enhanced risks and challenges associated with the Company's recent acquisitions in China; the risk of adverse events and product liability claims; risks related to the use and protection of intellectual property; expenses, uncertainties and potential liabilities relating to litigation, including, without limitation, commercial, intellectual property, employment and product liability litigation; technical innovations that could render products marketed or under development by the Company obsolete; competition; the risks of conducting business internationally, including the effect of exchange rate fluctuations on those operations; financing risks, including the Company's obligation to meet payment obligations and financial covenants under the Company's leases; and the Company's ability to attract and retain qualified personnel.

Neither the guidance in this press release nor any other forward looking statement included herein reflects any anticipated effects resulting from or arising out of the Company's negotiation, execution or the performance of its obligations under that agreement, or the anticipated consummation of the acquisition of Gen-Probe, including without limitation with respect to the Company's liquidity and capital resources, results of operations, business or operations. 

The risks and uncertainties included above are not exhaustive. Other factors that could adversely affect the Company's business and prospects are described in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.

HOLOGIC, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands)







March 24, 2012


September 24, 2011

ASSETS










    CURRENT ASSETS:





    Cash and cash equivalents

$              855,097


$                 712,869


    Accounts receivable, net

326,290


318,712


    Inventories

234,372


230,544


    Deferred income tax assets

34,333


39,607


    Prepaid expenses and other current assets

40,939


41,168


        Total current assets

1,491,031


1,342,900







    Property and equipment, net

232,023


238,666


    Intangible assets, net

1,977,346


2,090,807


    Goodwill

2,297,451


2,290,330


    Other assets

50,405


46,077



$           6,048,256


$              6,008,780







LIABILITIES AND STOCKHOLDERS' EQUITY









    CURRENT LIABILITIES:





    Accounts payable

$                65,843


$                  63,467


    Accrued expenses

404,368


325,327


    Deferred revenue

123,611


120,656


        Total current liabilities

593,822


509,450







    Convertible notes (principal of $1,725,000)

1,527,027


1,488,580


    Deferred income tax liabilities

871,606


957,426


    Deferred service obligations- long term

12,128


9,467


    Other long-term liabilities

64,190


106,962







        Total stockholders' equity

2,979,483


2,936,895



$           6,048,256


$              6,008,780



 

HOLOGIC, INC.

 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except per share data)






Three Months Ended


March 24, 2012


March 26, 2011





REVENUES




    Product sales

$                     388,085


$                     360,952

    Service and other revenues

83,080


77,699


471,165


438,651





COSTS AND EXPENSES (1):




    Cost of product sales

154,423


131,697

    Cost of product sales – amortization of intangible assets

44,341


44,489

    Cost of service and other revenues

46,291


41,778

    Research and development

29,297


29,935

    Selling and marketing

78,539


70,727

    General and administrative

41,403


38,803

    Amortization of intangible assets

16,629


14,552

    Contingent consideration

61,309


(4,216)

    Gain on sale of intellectual property, net

(12,424)


(84,502)

    Other charges

1,223


-


461,031


283,263





    Income from operations

10,134


155,388

    Interest expense

(28,512)


(28,185)

    Other income, net

2,117


1,624

    Loss on extinguishment of debt

(42,347)


-





    (Loss) income before provision for income taxes

(58,608)


128,827

    (Benefit) provision for income taxes

(18,335)


46,382





    Net (loss) income

$                     (40,273)


$                       82,445





    Net (loss) income per share:




        Basic

$                         (0.15)


$                           0.32

        Diluted

$                         (0.15)


$                           0.31





    Weighted average number of shares outstanding:




        Basic

263,900


260,825

        Diluted

263,900


264,030






EXPLANATORY NOTE:








(1) Stock-based compensation included in costs and expenses during the three months ended March 24, 2012 was $1,275 for cost of revenues, $1,277 for research and development, $1,844 for selling and marketing and $4,553 for general and administrative. Stock-based compensation included in costs and expenses during the three months ended March 26, 2011 was $1,138 for cost of revenues, $1,316 for research and development, $1,489 for selling and marketing and $4,825 for general and administrative.

 

 

HOLOGIC, INC.

 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except per share data)






Six Months Ended


March 24, 2012


March 26, 2011





REVENUES




    Product sales

$                     780,181


$                     719,555

    Service and other revenues

163,695


151,667


943,876


871,222





COSTS AND EXPENSES (1):




    Cost of product sales

286,367


256,722

    Cost of product sales – amortization of intangible assets

90,512


86,601

    Cost of service and other revenues

91,517


82,478

    Research and development

57,639


58,492

    Selling and marketing

155,999


138,638

    General and administrative

87,898


79,307

    Amortization of intangible assets

31,471


29,048

    Contingent consideration

76,872


(3,120)

    Gain on sale of intellectual property, net

(12,424)


(84,502)

    Other charges

1,132


450


866,983


644,114





    Income from operations

76,893


227,108

    Interest expense

(58,021)


(57,094)

    Other income, net

4,771


1,233

    Loss on extinguishment of debt

(42,347)


(29,891)





    (Loss) income before provision for income taxes

(18,704)


141,356

    Provision for income taxes

757


47,971





    Net (loss) income

$                     (19,461)


$                       93,385





    Net (loss) income per share:




        Basic

$                         (0.07)


$                           0.36

        Diluted

$                         (0.07)


$                           0.35





    Weighted average number of shares outstanding:




        Basic

263,309


260,224

        Diluted

263,309


263,588






EXPLANATORY NOTE:








(1) Stock-based compensation included in costs and expenses during the six months ended March 24, 2012 was $2,382 for cost of revenues, $2,478 for research and development, $3,394 for selling and marketing and $9,352 for general and administrative. Stock-based compensation included in costs and expenses during the six months ended March 26, 2011 was $2,541 for cost of revenues, $2,552 for research and development, $3,144 for selling and marketing and $11,229 for general and administrative.


 

 

HOLOGIC, INC.

RECONCILIATION OF GAAP EPS AND NET (LOSS) INCOME TO NON-GAAP ADJUSTED EPS, NET INCOME AND EBITDA

(Unaudited)

(In thousands, except earnings per share)








Three Months Ended



March 24, 2012



March 26, 2011








(LOSS) EARNINGS PER SHARE






GAAP (loss) earnings per share- Diluted

$                       (0.15)



$                  0.31


Adjustments to net (loss) income (as detailed below)

0.48



(0.01)


Non-GAAP adjusted earnings per share- Diluted

$                        0.33

(1)


$                  0.30

(1)







NET (LOSS) INCOME






GAAP net (loss) income

$                   (40,273)



$              82,445


    Adjustments:






    Amortization of intangible assets 

60,970



59,041


    Non-cash interest expense relating to convertible notes

17,946



17,750


    Non-cash loss on convertible notes exchange

42,347



-


    Contingent consideration

61,309



(4,216)


    Adiana closure charges

18,284



-


    Gain on sale of intellectual property, net

(12,424)



(84,502)


    Acquisition-related costs and other charges, net

1,704



2,596


    Income tax effect of reconciling items

(63,055)

(2)


5,753

(2)

Non-GAAP adjusted net income

$                     86,808



$              78,867








EBITDA






Non-GAAP adjusted net income

$                     86,808



$              78,867


    Interest expense, net, not adjusted above

9,805



9,975


    Provision for income taxes

44,720



40,629


    Depreciation expense

16,071



16,694


Adjusted EBITDA

$                   157,404



$             146,165















EXPLANATORY NOTES:












(1) Non-GAAP adjusted earnings per share was calculated based on 266,823 and 264,030 weighted average diluted shares outstanding for the three months ended March 24, 2012 and March 26, 2011, respectively.

(2) To reflect an estimated annual effective tax rate of 34% on a non-GAAP basis.

 

 

HOLOGIC, INC.

RECONCILIATION OF GAAP EPS AND NET (LOSS) INCOME TO NON-GAAP ADJUSTED EPS, NET INCOME AND EBITDA

(Unaudited)

(In thousands, except earnings per share)








Six Months Ended



March 24, 2012



March 26, 2011








(LOSS) EARNINGS PER SHARE





GAAP (loss) earnings per share- Diluted

$                          (0.07)



$                    0.35


Adjustments to net (loss) income (as detailed below)

0.74



0.25


Non-GAAP adjusted earnings per share- Diluted

$                           0.67

(1)


$                    0.60

(1)







NET (LOSS) INCOME






GAAP net income

$                      (19,461)



$                93,385


    Adjustments:






    Amortization of intangible assets 

121,983



115,649


    Non-cash interest expense relating to convertible notes

36,899



36,209


    Non-cash loss on convertible notes exchange

42,347



29,891


    Contingent consideration

76,872



(3,120)


    Adiana closure charges

18,284



-


    Gain on sale of intellectual property, net

(12,424)



(84,502)


    Acquisition-related costs and other charges, net

2,697



5,045


    Income tax effect of reconciling items

(90,347)

(2)


(33,809)

(2)

Non-GAAP adjusted net income

$                     176,850



$              158,748








EBITDA






Non-GAAP adjusted net income

$                     176,850



$              158,748


    Interest expense, net, not adjusted above

19,528



20,018


    Provision for income taxes

91,104



81,780


    Depreciation expense

32,181



33,556


Adjusted EBITDA

$                     319,663



$              294,102















EXPLANATORY NOTES:












(1) Non-GAAP adjusted earnings per share was calculated based on 265,891 and 263,588 weighted average diluted shares outstanding for the six months ended March 24, 2012 and March 26, 2011, respectively.

(2) To reflect an estimated annual effective tax rate of 34% on a non-GAAP basis.

 

 

Future Non-GAAP Adjustments:

Future GAAP EPS may be affected by changes in ongoing assumptions and judgments relating to the Company's acquired businesses, and may also be affected by nonrecurring, unusual or unanticipated charges, expenses or gains, all of which are excluded in the calculation of non-GAAP adjusted EPS as described in this press release. It is therefore not practicable to reconcile non-GAAP adjusted EPS guidance to the most comparable GAAP measure. The Company's estimates of certain future non-GAAP adjustments, based upon current information, judgments and assumptions, are presented below for informational purposes. We cannot predict with certainty the nature or the amount of certain GAAP charges that may be excluded in the calculation of these non-GAAP financial measures and therefore such estimates are excluded from the list of future non-GAAP adjustments below.


Three Months Ending





Year Ending




June 23, 2012


Shares



September 29, 2012


Shares










(In thousands)









Certain Anticipated Non-GAAP Adjustments:









  Cost of revenues - amortization of 









    intangible assets

$                45,000





$                  180,000



  Amortization of intangible assets

16,000





62,000



  Non-cash interest expense relating to convertible notes

15,000





69,000



  Contingent consideration

19,000





119,000



  Non-cash loss on convertible notes exchange

-





42,300



  Adiana closure costs

-





18,300



  Gain on sale of intellectual property, net

-





(12,400)



  Income tax effect of reconciling items

(32,300)

(1)




(162,600)

(1)


Total Anticipated Non-GAAP Adjustments

$                62,700





$                  315,600



Diluted Weighted Average Shares Outstanding



268,000





267,000



















EXPLANATORY NOTE:


















  (1) To reflect an annual effective tax rate of 34% on a non-GAAP basis.

 

 

Use of Non-GAAP Financial Measures:

The Company has presented the following non-GAAP financial measures in this press release: adjusted net income; adjusted EPS; and adjusted EBITDA. The Company defines its non-GAAP adjusted net income to exclude the non-cash amortization of intangible assets, other acquisition-related charges, such as charges for contingent consideration, transaction costs, and charges associated with the write-up of acquired inventory to fair value, non-cash interest expense related to amortization of the debt discount for convertible debt securities, divestiture and restructuring charges, non-cash loss on exchange of convertible notes, and one-time, nonrecurring, unusual or unanticipated charges, expenses or gains. As set forth in the applicable reconciliation tables above, non-GAAP adjusted net income and non-GAAP adjusted EPS for the periods presented typically exclude the following items from GAAP net (loss) income and EPS: (i) non-cash expenses associated with the Company's acquisitions, including amortization of intangible assets; (ii) non-cash interest expense resulting from the Company's accounting for convertible debt instruments with cash settlement features; (iii) loss on exchange of convertible notes; (iv) the increase in cost of revenues resulting from the write-up of acquired inventory sold during the applicable period; (v) acquisition transaction costs and charges; (vi) litigation settlement charges (benefits); and (vii) divestiture and restructuring charges. The Company's non-GAAP adjusted EBITDA excludes from its GAAP net (loss) income: (i) the items excluded in its calculation of non-GAAP adjusted net income; (ii) interest expense, net, not otherwise excluded in calculating its non-GAAP adjusted net income; (iii) provision for income taxes; and (iv) depreciation expense.

The Company believes the use of non-GAAP adjusted net income and non-GAAP adjusted EPS are useful to investors in comparing the results of operations in fiscal 2012 to the comparable period in fiscal 2011 by eliminating certain of the more significant effects of its acquisitions and related activities, non-cash charges resulting from changes in GAAP, and litigation settlement, divestiture and restructuring. These measures also reflect how the Company manages the business internally. In addition to the adjustments set forth in the calculation of the Company's non-GAAP adjusted net income, its non-GAAP adjusted EBITDA eliminates the effects of financing, income taxes and the accounting effects of capital spending. As with the items eliminated in its calculation of non-GAAP adjusted net income, these items may vary for different companies for reasons unrelated to the overall operating performance of a company's business. When analyzing the Company's operating performance, investors should not consider these non-GAAP financial measures as a substitute for net income or EPS prepared in accordance with GAAP.

Contact:

Deborah R. Gordon


Vice President, Investor Relations


Hologic, Inc.


(781) 999-7716 

SOURCE Hologic, Inc.

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