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Cambrex reports fall in profits

10:48 AM MST | February 11, 2014 | Deepti Ramesh

Cambrex (East Rutherford, NJ) reports a 79.6% fall in net profits for the fourth quarter of 2013, ended 31 December, compared with the year-ago quarter, to $8.89 million. The results for the fourth quarter of 2012 include tax benefits of $37.6 million, Cambrex says. Net sales for fourth-quarter 2013 increased 47%, however, to $102.4 million, primarily because of higher sales of a recently approved branded active pharmaceutical ingredient (API) and controlled substances, partially offset by lower sales of generic and other branded APIs and products using the...

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