Alliance Pharma hands back Xonvea rights
Some £2mln in milestone payments made to Duchesnay of Canada will be returned
Company
LON:APH
Alliance Pharma PLC is an international healthcare group, headquartered in the UK with subsidiaries in Europe, the Far East and the US and wide international reach through an extensive network of distributors, generating sales in more than 100 countries. The company holds marketing rights to around 80 Consumer Healthcare brands and Prescription Medicines, which are managed on a portfolio basis according to their growth potential.
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Some £2mln in milestone payments made to Duchesnay of Canada will be returned
The company said it was on track to hit full-year expectations as it delivered a solid first-half performance
“Our strong underlying growth and cash generation, coupled with the enhanced banking facilities, mean we are well positioned to pursue future growth opportunities,” added CEO Peter Butterfield
“It’s a blended model of highly cash generative assets and top line growth”
Sales were strong in Europe and international markets, especially China
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Alliance is continuing to build significant growth drivers into its business, Numis Securities asserts. The company's house broker is forecasting 10% revenue growth from 2018 to 2020
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The AIM-listed pharmaceutical company also said that the MHRA has approved the brand name Xonvea, which will be used for marketing Dicelctin in the UK
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