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Financial Report: Patheon

Terminated supply pact impact results

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Patheon
 
1Q Revenues: $153.9 million (-12%)

1Q Loss: $19.4 million (earnings were $3.5 million 1Q11)

Comments: Commercial manufacturing revenues were $122.8 million (-17%), impacted by a terminated $32.9 million manufacturing supply agreement. Pharmaceutical Development Services were $31.1 million (+15%), due to higher development activities from new contracts across most sites.

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