AMRI's revenues soar 45% as refocus on contract manufacturing pays off

AMRI ($AMRI), having refocused on its contract manufacturing operations, saw the changes pay off last year, according to its recently released earnings. The Albany, NY-based CDMO reported that revenue grew 45% in 2015, to $402.3 million, up from $276.6 million from the previous year. The contractor has moved from its heavy reliance on drug discovery to more emphasis on production, adding plants and capabilities through a series of deals in the last two years. More from FierceCRO

Suggested Articles

Cambrex has completed installation of multiple continuous flow reactor platforms at its facility in High Point, North Carolina.

Australia’s Mayne Pharma has opened its $80 million oral solid-dose manufacturing facility in Greenville, North Carolina.

Lonza opened the world’s biggest manufacturing plant for cell and gene therapies targeting rare genetic disorders or life-threatening diseases.