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Banner boosts revenues
September 5, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
Patheon 3Q Revenues: $265.7 million (+30%) 3Q Earnings: $4.3 million (earnings were $15.5 million 3Q12) YTD Revenues: $733.1 million (+36%) YTD Loss: $46.9 million (loss of $83.5 million YTD12) Comments: Revenue growth in the quarter was boosted by the Banner acquisition, which contributed $66.4 million. Commercial manufacturing (CMO) revenues for quarter increased 35% to $227.8 million. Pharmaceutical Development Services (PDS) revenues increased 7% to $37.9 million. YTD Banner revenue con...
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