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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Hovione Reports Rise in Sales

12:04 AM MDT | June 22, 2012 | Deepti Ramesh

Active pharmaceutical ingredients (API) manufacturer Hovione (Loures, Portugal) has recorded a 24% rise in sales in the fiscal year ended March 31, 2012, compared with the previous fiscal year, to $180 million. Earnings figures were not disclosed. “During the last five years Hovione has doubled its sales and has made bold strategic steps to both strengthen its ability to serve innovators and to consolidate its leadership in off-patent contrast agents,” says Miguel Calado, chief financial officer at Hovione. “Looking forward, and despite the...

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