Register Now
Why register?
 The leading web portal for pharmacy resources, news, education and careers November 19, 2017
Pharmacy Choice - Pharmaceutical News - Alliance Pharma sales rise as key products inject healthy growth - November 19, 2017

Pharmacy News Article

 9/14/17 - Alliance Pharma sales rise as key products inject healthy growth

SPECIALTY drugmaker Alliance Pharma's sales jumped in the first half of the year as its two key drugs boosted revenues.

The pharmaceutical firm's revenue rose 8.4 per cent compared with the previous year to 50.3m as sales of its top-selling scar-removal product Kelo-cote rose 52 per cent to 6.2m and sales of MacuShield, its nutritional supplement to treat age-related vision loss, jumped 67 per cent to 3.4m.

For the six months to the end of June, underlying profit before tax rose 1.7 per cent to 11.9m.

Alliance bought rival Sinclair Pharma's healthcare assets for 128m in December 2015, and the firm has now completed the integration of the 27 products it acquired, which effectively doubled the size of the group.

The firm also benefited from the weakness of the pound compared to other currencies in the first six months of the year.

Alliance said its revenues were boosted by 2.6m due to exchange rate movements.

Alliance's international growth brands, Kelo-cote and MacuShield, showed promising results in the first half, and the firm aims to continue driving organic growth of the two brands through targeted marketing investment.

Its two-pronged growth strategy also includes seeking additional growth from bolt-on acquisitions.

Chairman Andrew Smith said the business was now strategically positioned for growth and ready to pursue acquisitions.

(c) 2017 City A.M.

Pharmacy News Index
  Drug Delivery Systems
  FDA Final Approvals
  Front Page Healthcare News
  Generic Drugs
  Hospital Industry
  Internet Pharmacy
  IT in Healthcare
  Medicare & Medicaid
  Over-the-Counter Drugs
  Pharm Industry Trends and Policy
  Pharmaceutical Development
  Pharmaceutical Industry


Last Chance
Nov 20: Obesity Management: Overview of Pharmacotherapy
Last Chance
Nov 21: Standards of Practice for Filling Controlled Substance Prescriptions in Florida
Nov 22: Medical Marijuana: Examining the Science, Not the Politics
Nov 27: Drug Diversion and the Law: Updates and Considerations
Nov 28: An Integrative Approach to Managing Arthritis
Click for entire Webinar Calendar

Special Announcement

Free Membership
Enjoy Drug Search, industry newsletters and more...

Nursing Jobs
Are you a nurse looking for a job?

Check out the Nursing Job Source.

Your number one choice for nursing jobs.

Websites »
Copyright © 2017 Pharmacy Choice - All rights reserved.
Terms and Conditions | Privacy Statement