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Chemical Week Magazine :: Pharmaceuticals & Fine Chemicals
First-Quarter Profits Rise at Cambrex
10:22 AM MDT | May 22, 2009 | DEEPTI RAMESH
Cambrex (East Rutherford, NJ) reported first-quarter net profits up 12%, to $4.7 million compared with the year-ago period, on sales down by nearly 3%, to $60 million. Sales were unfavorably impacted by exchange rates, reflecting a stronger U.S. dollar, Cambrex says. Sales increased by 8.7%, excluding the currency impact, mainly due to higher volumes of two active pharmaceutical ingredients (APIs) manufactured under long-term supply agreements, as well as higher volumes of controlled substances and slightly higher custom development revenues, partially offset by...
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