Breaking News, Financial News

Financial Report: Patheon 1Q

Revenues from commercial operations increased 9% to $128.1 million in the quarter, aided by currency fluctuations.

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Patheon 1Q 1Q Revenues: $154.8 million (+5%) 1Q Loss: $11.1 million (loss of $6.0 million in 1Q09) Comments: Revenues from commercial operations increased 9% to $128.1 million in the quarter, aided by currency fluctuations. North American commercial revenues increased by $1.2 million or 2%, and revenues from European operations increased by $9.2 million, or 15%. The operating loss was $6.6 million compared to operating income of $3.9 million in 1Q09. Loss in the quarter included $2.4 mi...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters