Draxis Health lowers expectations

AuntMinnie.com staff writers

Nov 20, 2005

Radiopharmaceutical developer Draxis Health said that total consolidated revenues and basic earnings per share in the fourth quarter may not be materially better than results achieved in the third quarter of 2005.

Accordingly, year-end results will reflect the impact of these lower expectations, according to the Mississauga, Ontario-based firm. Cash flows from operating activities are still expected to be at least $10 million for 2005, however, before taking into account working capital requirements, Draxis Health said.

Draxis attributed the shortfall to its sterile products business; the firm's radiopharmaceuticals division is expected to be in line with prior expectations.

By AuntMinnie.com staff writers
November 21, 2005

Related Reading

Temporary shutdown hurts Draxis Health’s Q3, November 3, 2005

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

Copyright © 2005 AuntMinnie.com

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