Clinical Trial Research

Lee's Pharmaceutical Kept Up the Rapid Pace of Growth; Profit Attributable to Shareholders Surged 176% in the Nine Months of 2008

Published in Biotech Business Week, November 24th, 2008

Yallaferon(R) was a contributor to generate 60% more revenue growth over the same period last year. As a new income source, the sales of the newly launched license-in product Iron Proteinsuccinylate also experienced stable growth during the period under review, in line with the management's expectation.

The substantial growth in profitability of the Group could be attributed mainly to the increase in revenue and improvement in gross margin. For the 9 months ended 30 September 2008, the gross margin for the period under review stood at 70.6%, up by 1.4 percentage points over the same period last year, despite an unfavorable exchange rate for the licensed products. The...

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Source: Biotech Business Week (2008-11-24)

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