ALZA TAKING $28 MIL. ONE-TIME WRITE-OFFS
Executive Summary
ALZA TAKING $28 MIL. ONE-TIME WRITE-OFFS to pretax earnings in the fourth quarter, the drug delivery R&D company announced Dec. 21. The write-offs relate mostly to excess Nicoderm manufacturing capacity at the company's Vacaville, Calif. facilities. The write-offs mean Alza will take a net loss in the fourth quarter, the company said.