in this issue
People & Business :: Companies
Cambrex’s Fourth-Quarter Loss Widens
10:29 PM MST | February 10, 2010 | Deepti Ramesh
Cambrex (East Rutherford, NJ) reported a net loss of $2.8 million for the fourth quarter of 2009, compared with a net loss of about $1 million in the fourth quarter of 2008. Net sales decreased by nearly 10%, to $57.9 million. The fall in sales, was mainly due to lower volumes of an active pharmaceutical ingredient (API) that utilizes Cambrex’s polymeric drug delivery technology, lower sales of two APIs manufactured under long-term supply agreements and lower custom development revenues, Cambrex says. Volumes of a feed additive for which a contract expired...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee