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Terminated supply pact impact results
March 9, 2012
By: Tim Wright
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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