Able Laboratories, Inc.
Pharmaceutical firm reports 54.7% increase in gross profits
Published in Pharma Investments, Ventures and Law Weekly, April 10th, 2005
For the fourth quarter of 2004, the company reported net sales of $31.4 million, a 38.2% increase from net sales of $22.8 million in the fourth quarter of 2003, primarily due to the company's expanded product family. The company also reported operating income of $8.5 million for the fourth quarter of 2004, a 135.6% increase compared to operating income of $3.6 million for the fourth quarter of 2003.
These results included an increase in research and development expenses of $409,000, or 10.9%, compared to the fourth quarter of 2003. Diluted...
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