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Revenue up 9% to $24.3 million.
March 7, 2023
By: Anthony Vecchione
Societal CDMO 4Q Revenues: $24.3 million (+9%) 4Q Loss: $9.2 million (loss of $2.4 million 4Q21) FY Revenues: $90.2 million (+20 %) FY Loss: $19.9 million (loss of $11.4 million FY21) Comments: Growth in the quarter was primarily driven by an increase in European Ritalin LA demand from the company’s new customer InfectoPharm, and an increase in revenue from the company’s largest commercial customer Teva, correlated with pull through in demand resulting from market share gains against the...
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