Patheon ops 'transformation' aligns with Q4 losses

Contract manufacturer Patheon is "successfully executing on [its] transformation," says CEO Jim Mullen. "In the locations where we have rolled out our operational excellence programs, we have already realized enhanced capacity, decreased cycle times and improved efficiency," he says in a recent financial filing that reported a fourth-quarter loss of $5.4 million--three times that of the same quarter last year. "Key internal performance metrics are improving." Release | Story