AMRI Updates 2015 Financial Guidance Following Gadea Acquisition
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Albany Molecular Research (AMRI) Updates FY15 Guidance Following Gadea Pharma Acquisition
September 15, 2015 7:04 AM EDTFollowing the acquisition of Gadea Pharmaceutical Group, AMRI (Nasdaq: AMRI) has updated guidance for full year 2015.
"We are very pleased to provide our updated outlook for 2015 results which reflect the recent addition of Gadea Pharmaceutical Group," said William S. Marth, AMRI's president and chief executive officer. "Gadea brought us over 90 technically complex API programs, greatly enhancing our commercial portfolio and opportunities for expanded business. With Gadea's strong EBITDA and margins, combined with our expanding base business, we remain confident in our outlook which includes full year contract revenue growth of over 50%... More
