Temporary shutdown hurts Draxis Health's Q3

AuntMinnie.com staff writers
Nov 2, 2005

Canadian pharmaceutical developer Draxis Health reported that an extended shutdown for scheduled maintenance and repairs in its sterile products area adversely affected revenue in the third quarter (end-September 30).

Revenue for the Mississauga, Ontario-based firm declined 4% to $17.5 million, compared with $18.2 million in the third quarter of 2004. Net income declined to $1.1 million, down from $2.1 million in the same quarter a year ago.

By AuntMinnie.com staff writers
November 3, 2005

Related Reading

Draxis taps Brazier as COO, October 4, 2005

Draxis posts Q2 rise, August 11, 2005

Draxis joins Nasdaq biotech index, May 16, 2005

Draxis notches upbeat Q1, May 12, 2005

Draxis names president of radiopharmaceuticals group, April 27, 2005

Copyright © 2005 AuntMinnie.com

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