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Financial Report: West Pharmaceutical Services 3Q11

Packaging Systems business grew 9%

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By: Tim Wright

Editor-in-Chief, Contract Pharma

West Pharmaceutical Services 3Q11 3Q Revenues: $293.6 million (+8%) 3Q Earnings: $16.9 million (-5%) YTD Revenues: $896.9 million (+8%) YTD Earnings: $56.7 million (-4%) Comments: Packaging Systems business grew 9% to $209.1 million. Pharmaceutical Delivery Systems grew 4% to $84.5 million. R&D expenses grew $1.3 million to $4.9 million or 5.8% of revenue, primarily as a result of the development effort for the SmartDose electronic-patch-injector system....

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