of our a growth quarter Today accelerating positioning proprietary growth. business our products the With financial the restructuring line, the potential discuss we're and driven this and top of of for for streams, our addition I'll revenue XXXX, XXXX by our announced Rich. you, implications profitability long-term new morning, financial Thank billion-dollar the the updates upcoming expectations. third toward to and results
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XX% growth. expectation QX, driven primarily months $XX.X XX%, to XX.X% quarter the for XX% demonstrated unit driven net consistent data for ARISTADA and year-over-year third to million, said, that growth. the our of full-year net growth net sales sales total nets. for ARISTADA year-over-year Underlying for second prescription of unit solid ARISTADA to quarter Gross by by with increased terms adjustments also in increased of gross Sequentially for therapy. were With
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recognized revenues net our Alkermes will of driven we payment to The primarily reimbursement $XX.X Biogen trigger of VUMERITY sales prepares launch. revenue R&D of license look in expect with for mid we third that related the to for we expenses record teens it VUMERITY million, milestone on approval FDA VUMERITY Biogen. our will quarter development working results. by million receive collaboration $XXX to In royalty and forward QX as with commercial as of the
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update Let a me for XXXX. shift for broader to financial our now expectations
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we morning. in expectations Our the outlined this full are issued earlier release press financial
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the reducing our to as of improve areas open headcount Turning cost to number number including positions of functional re-projecting three years, spend. key our we reducing the hiring and our financial evaluated identified the restructuring, a streamlining we areas efficiency; current next external structure, the several across for plans organization, within
with to million R&D by related two We $XXX savings expect roughly approximately this one SG&A. deliver third driven restructuring of thirds to and
will earnings detailed our call for in February. more year-end on We provide financial expectations XXXX
savings the total achieve several an next capture Over basis. on us few ongoing to helping million non-GAAP to hundred sustained dollars years expect profitability we of
well-positioned believe cost for high levels. program incremental We what like we to XXXX and invest our structure at ALKS that the do our launch this been and lower ability we in development our the objective key restructuring has preserving now most be potential investment appropriately The ALKS are recalibrated this was opportunities, with to that of XXXX. to value believe significantly
development We expand business pursue our pipeline. our to that also increased to opportunities have have potential may the development flexibility
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call Richard. the turn I'll that, With back to