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Cambrex Swings to Profit

1:13 AM MDT | November 4, 2011 | Deepti Ramesh

Cambrex (East Rutherford, NJ) reported net profits of $2.76 million for the third quarter ended September 30, 2011, compared with a net loss of $1.45 million in the year-ago period. Net sales for the quarter increased 18%, to $57.8 million. The rise in sales is primarily due to higher sales of an active pharmaceutical ingredient (API) to a customer who experienced a disruption in its supply chain for most of 2010; higher volumes of controlled substances; and increased volumes of products utilizing Cambrex’s drug delivery technology, and for a recently...

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