Navigation Links
Caraco Pharmaceutical Laboratories, Ltd. Reports Results for the First Quarter of Fiscal Year 2009
Date:7/25/2008

n of the Company and our continued focus on executing Caraco's business plan is a major factor in the Company's success."

First Quarter Fiscal 2009 Results

During the first quarter of Fiscal 2009, net sales were $108.3 million, as compared to $35.4 million for the corresponding period of Fiscal 2008. Gross profit during the first quarter of Fiscal 2009 improved to $23.6 million, as compared to $15.9 million for the corresponding period of Fiscal 2008, reflecting an increase of 48%. The increase in gross profit was due to higher sales, primarily of distributed products, including Paragraph IV products, under agreements with Sun Pharma.

The gross profit margin decreased as a percentage to 22% in the first quarter of Fiscal 2009 from 45% in the corresponding period of Fiscal 2008. The decrease was primarily due to the weight of increased sales of distributed products versus the sales of manufactured products, which had an impact on the overall margin percentage. Net sales for distributed products during the first quarter of Fiscal 2009 were $76.2 million compared to $7.0 million for the first quarter of Fiscal 2008. The gross profit margin was 9% for the first quarter of Fiscal 2009, as compared to 23% for the first quarter of Fiscal 2008. The decrease was primarily due to the weight of increased sales of Paragraph IV products versus the sales of other distributed products. Products that are part of the Paragraph IV distribution and sale agreement currently earn a gross profit margin of 8%. Paragraph IV certified products may face litigation challenges with respect to claims of patent infringement. Net sales for manufactured products were $32.0 million during the first quarter of Fiscal 2009, as compared to $28.4 million for the corresponding period of Fiscal 2008. The gross profit margin for manufactured products was 51% for the first quarter of Fiscal 2009, as compared to 50% for the first quarter of Fiscal 2008.

Mr. Movens stated, "Manufa
'/>"/>

SOURCE Caraco Pharmaceutical Laboratories, Ltd.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7

Related biology technology :

1. Caraco Pharmaceutical Laboratories, Ltd. Announces Resignation from Board of Directors of Jitendra Doshi and Appointment of GP Singh Sachdeva
2. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Methimazole Tablets USP, 5 mg and 10 mg
3. Poniard Pharmaceuticals to Host Second Quarter 2008 Financial Results Conference Call on July 31
4. Sagent Pharmaceuticals Launches Ceftazidime for Injection, USP
5. Pennsylvania Governor Rendell Breaks Ground for Global Pharmaceutical Services Companys North American Headquarters
6. Peregrine Pharmaceuticals Receives Letter from NASDAQ Citing Failure to Regain Compliance with Minimum Bid Price Rule
7. Anadys Pharmaceuticals to Report Second Quarter 2008 Financial Results
8. Sonus Pharmaceuticals Receives Favorable NASDAQ Decision
9. Sagent Pharmaceuticals Launches Ceftriaxone, USP, and Cefuroxime for Injection, USP
10. Jazz Pharmaceuticals Announces $26.0 Million Registered Direct Offering
11. Huifeng Bio-pharmaceutical Technology Inc. Announces Strategic Alliance with Premier Media Service Inc.

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/23/2009)...ov.23/PRNewswire/--Frost&Sullivan,theGrowthPar...stratingleadershipandinnovationThursday,November19...nquetheldinSanAntonio,Texas. ,, (Logo: http://w..., TheHealthcareInnovationAwardsaregiventocompanies...ndmanagementofhealthcare.Suchcompanieshaveshownsuc...
(Date:11/20/2009)... , , , , , , , ..., A team of scientists from Washington Universi...pring Harbor Laboratory and Iowa State University ... , Click here for more information... , , , , , , , ...
(Date:11/20/2009)... Dendreon Corporation (Na...nd Drug Administration (FDA) provided written ackn...icense Application (BLA) for PROVENGE® (sipul...gned a Prescription Drug User Fee Act (PDUFA) date...Dendreon,s amended BLA. Dendreon is seeking licen...
(Date:11/20/2009)...20 Cell Therapeutics, In...at the Ninth Circuit Court of Appeals reversed a U... be allowed to pursue all of its claims against Th...t Court for trial. CTI filed a complaint against ...ment consultant for CTI,s product TRISENOX, in 200...
Breaking Biology Technology:Excellence in Healthcare Innovation Recognized by Frost & Sullivan 2Excellence in Healthcare Innovation Recognized by Frost & Sullivan 3Amaizing: Corn genome decoded 2Amaizing: Corn genome decoded 3Amaizing: Corn genome decoded 4Dendreon Receives FDA Acknowledgement of Complete Response 2Dendreon Receives FDA Acknowledgement of Complete Response 3Cell Therapeutics Wins Federal Appeal to Pursue $22.8 Million Claim Against The Lash Group 2
... these words! This year,s theme, "It,s all here", ...d in the Midwest from medical devices to diagnosti...ent to other applications. , ,Although all kinds o...xhibitors, revenue, etc., word is still out on the... number floating around was over 17,000, and it wa...
...s had their chance to be heard at the Wisconsin Pa...consin-Madison campus, planned Institutes for Disc...h two of the state,s top stem-cell researchers. , ...ght time, for stem cell research," said professor ... of the university here. Over the next few years, ...
...ion and discovery. From medicine to manufacturing,...made right here in our state. Today, amid a revolu...sin has taken the lead. , ,From developing innova...p our nation relieve its dependence on foreign oil...r,s and Juvenile Diabetes -- Wisconsin is pioneeri...
Other Biology Technology:Let the olympics of biotechnology in the Midwest begin! 2Let the olympics of biotechnology in the Midwest begin! 3Let the olympics of biotechnology in the Midwest begin! 4Discovery makes Wisconsin go 'round at BIO Chicago 2Discovery makes Wisconsin go 'round at BIO Chicago 3Making Wisconsin the biotechnology leader 2Making Wisconsin the biotechnology leader 3
(Date:11/23/2009)...eneral Medical Sciences (NIGMS), part of the Natio... million for grants in scientific areas it identif...he GO grant program to stimulate biomedical resear...rican Recovery and Reinvestment Act (Recovery Act)... have a significant impact on a field of biomedica...
(Date:11/23/2009)... how environmental irritants such as air pollution...earch published today in the American Journal of ...rs of the study, from Imperial College London and ...on inside the lungs that can trigger coughing when...e air. They suggest that their findings may ultima...
(Date:11/23/2009)... business, posing dangers to human health and the ...unching a new project with funding from the U.S. E...the fat and grease that contribute to millions of ... new tools to further reduce the risk of sewage sp...ewer systems, as opposed to "combined" systems tha...
Breaking Biology News(10 mins):NIGMS invests in scientific Grand Opportunities with Recovery Act funds 2NIGMS invests in scientific Grand Opportunities with Recovery Act funds 3Research reveals exactly how coughing is triggered by environmental irritants 2Lose the fat: Targeting grease to curtail sewer overflows 2National All Schedules Prescription Electronic Reporting 28NASPER 29 Act Receives Senate Support 49429 1National All Schedules Prescription Electronic Reporting 28NASPER 29 Act Receives Senate Support 49429 2National All Schedules Prescription Electronic Reporting 28NASPER 29 Act Receives Senate Support 49429 3MedQuist Adds Kevin Piltz as New Chief Information Officer 49424 1MedQuist Adds Kevin Piltz as New Chief Information Officer 49424 2e Zassi com 28TM 29 Specialized Software Systems for the Medical Device Industry Named by LifeScience Alley 28R 29 As Preferred Provider 49419 1e Zassi com 28TM 29 Specialized Software Systems for the Medical Device Industry Named by LifeScience Alley 28R 29 As Preferred Provider 49419 2e Zassi com 28TM 29 Specialized Software Systems for the Medical Device Industry Named by LifeScience Alley 28R 29 As Preferred Provider 49419 3
... cells from mice, UT Southwestern Medical Center r...d more importantly, functioning muscle cells in m...lar dystrophy. , The study represents the first t...own to restore function to defective muscles in a ...wly developed technique, which involves stringent ...
... study has identified multiple genes linked to sys...itating autoimmune disease that affects an estimat... joints, kidneys, heart, lungs, brain and blood an...Women are nine times more likely than men to devel...nose. , In 2005 the Alliance for Lupus Research (...
... Case Western Reserve University School of Medicin...olecular biologys established body of evidence and...nger ribonucleic acid (mRNA) decay. With her colla...f Texas Health Sciences Center, Baker directly tes...xplain how cells recognize and destroy deviant mRN...
Other Biology News:Stem-cell transplantation improves muscles in MD animal model, UT Southwestern researchers report 2Stem-cell transplantation improves muscles in MD animal model, UT Southwestern researchers report 3Steps toward Stopping Autoimmune Disease 2Case researcher in RNA biology makes waves by challenging current thinking 2
CORNING PETRI DISH, 100 X 20 MM, PS, ULTRA LOW BINDING, STERILE from Sigma-Aldrich
...53; One-Step Kit is the ultimate in convenience, s...een specifically designed to streamline the RT-PCR...nes the unique Reverse-iT™ Blend of RTases an... provide a highly sensitive, reproducible and easy...
...tein G bind specifically to Fc regions of many mam...njugates are commonly used as affinity adsorbents ...lobulin subtypes from serum, hybridoma ascites flu...cal fluids. These reagents are also commonly used ...
...ndrogen Receptor (AR) Competitor Assay Kits provid...d screening potential AR ligands using fluorescenc...d binding domain protein tagged with His and GST [...ent androgen ligand (Fluormone AL Green in the gre...
Biology Products: