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Revenues dropped in both manufacturing and development services
September 14, 2009
By: Tim Wright
Editor-in-Chief, Contract Pharma
Patheon 3Q09 Revenues: $164.4 million (-16%) 3Q09 Loss: $6.0 million (loss of $14.0 million in 3Q08) YTD Revenues: $479.0 million (-12%) YTD Loss: $11.5 million (loss of $36.6 million YTD08) Comments: Revenues were impacted by setbacks in operations in Puerto Rico, where the company “had difficulty releasing a sufficient volume of product lots due to efforts to optimize manufacturing parameters and difficulty meeting stringent release specifications for one product,” a...
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