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Caraco Pharmaceutical Laboratories

Caraco Pharmaceutical Laboratories reports record sales for 4Q and full year 2006

Published in Pharma Investments, Ventures and Law Weekly, July 9th, 2006

Caraco Pharmaceutical Laboratories, Ltd. (CPD) posted record net sales for Fiscal 2006, ended March 31, 2006, of $82.8 million as compared to $64.1 million for the corresponding period of 2005, reflecting growth of more than 29%.

Sales for Q4 of Fiscal 2006 ending March 31, 2006 were $24.7 million as compared to $17.3 million for the corresponding period of 2005, representing sales growth of almost 43%.

Daniel H. Movens, Caraco's chief executive officer, said "The record increase in sales was primarily due to our team's continued execution of our plan, improved production and sales of our generic equivalent of Ultracet that was launched in the latter...

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