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Gerresheimer generated revenues of EUR 363 million in the second quarter of 2020, marking 4.6 per cent organic growth in the core business compared to the same quarter of the prior year.
“We have reduced our revenue and EPS estimates for FY21E-FY22E by 4-5 per cent and 12-14 per cent to factor COVID-19 impact and lower other income,” commented the capital market company on the pharma company’s financial performance for the quarter.
Amneal Pharmaceuticals and AvKARE have entered into a definitive agreement under which Amneal will acquire a 65.1% majority interest in AvKARE and its related affiliate doing business ...