Breaking News, Financial News

Patheon 1Q08

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Patheon 1Q08 1Q Revenues: $164 million (+11%) 1Q Loss: $15 million (net loss of $2 million in 1Q07) Comments: Revenues from European operations grew 35% to $20 million, but weakness of the U.S. dollar added $6.9 million to that result. On a constant exchange rate basis, European revenues grew 23% for the quarter. North American revenues dropped 3% in the quarter, dragged down by diminishing demand for a product manufactured at its Caguas, PR site. Revenues from development services grew...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters