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Revenues up 7% in the quarter
May 2, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
West 1Q Revenues: $339.4 million (+7%) 1Q Earnings: $31.7 (+9%) Comments: Pharmaceutical Packaging Systems sales were $251.5 million, up 7%. Pharmaceutical Delivery Systems sales grew 9% to $88.2 million due to increased demand for administration systems, including customized Daikyo Crystal Zenith products. Contract manufacturing revenues grew by 3%. R&D costs increased 10% to $9.1 million as a result of investments in the SmartDose, SelfDose systems and packaging component products....
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