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Banner acquisition boosts revenues
March 8, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
Patheon 1Q Revenues: $213.5 million (+39%) 1Q Loss: $51.4 million (loss of $19.3 million 1Q12) Comments: Banner contributed $23.3 million to growth in the quarter. Patheon standalone revenues grew 24%. CMO revenues increased 47% to $180.1 million. Pharmaceutical Development Services’ (PDS) revenues increased 7% to $33.4 million. The increase in loss was due to costs associated with the Banner acquisition and related refinancing.
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