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CMO revenues up 6% in the quarter
June 13, 2012
By: Tim Wright
Editor-in-Chief, Contract Pharma
Patheon 2Q Revenues: $181.5 million (+7%) 2Q Loss: $79.7 million (loss of $10.4 million in 2Q11) YTD Revenues: $335.4 million (-3%) YTD Loss: $99.1 million (loss of $6.8 million YTD11) Comments: Commercial manufacturing revenues for the quarter increased 6% to $147.0 million. Pharmaceutical Development Services revenues were up 10% to $34.5 million due to increased development activities from new contracts across most sites. Loss in the quarter increased due to the after-tax impact o...
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