Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

Alliance Pharma more than doubles sales after acquisition

Speciality drug company benefits from last year's acquisition of Sinclair Healthcare Products

Speciality drug company Alliance Pharma plc (LON:APH) more than doubled sales after an acquisition last year.

Alliance said its purchase of Sinclair Healthcare Products in December helped it rack up sales of £46.4mln in the six months to June 30 versus £22.8mln a year ago. Sinclair contributed sales of £20.6mln.

The group said it was unlikely to face any potential loss of access to the EU market after the referendum because it already has operations in France, Germany, Italy and Spain.

Chief executive John Dawson said: "Additionally, we do not expect to be adversely affected by the current sterling exchange rate volatility.

"Indeed, if current exchange rates prevail we would expect a modest benefit to our sales and financial performance as we expect trading volumes to continue in line with expectations throughout 2016."

Alliance's three growth brands matched expectations with its largest-selling brand, Kelo-cote, acquired from Sinclair in December 2015, achieving sales of £4.1mln.

Hydromol maintained strong sales growth of 10% in the first half with sales of £3.5mln for the six month period.

Ophthalmology product, MacuShield, acquired in February 2015, made £2mln in the first half versus £1.4mln in the first five months post-acquisition in February 2015.

Alliance said the integration of Sinclair products under the Alliance name was going well.

Activities relating to finance and operations are expected to be largely complete by the end of the third quarter this year and product transfers in the countries are meeting local regulatory timelines.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK