Axcan Pharma Announces Sales Increase of 13 Percent in First Quarter.TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AXP The brand name Digital gave to its first family of Alpha-based computers. In 1998, Digital was acquired by Compaq. See Alpha. ) In announcing results for its first quarter ended Dec. 31, 1995, Axcan Pharma Inc. indicated sales of $3,960,000 up 13 percent over first quarter results in 1994. Net earnings for the quarter were $28,000 or $0.003 per share compared to a loss of $20,000 or $0.002 per share in the first quarter of 1994. Axcan Pharma Inc. is a Canadian pharmaceutical company which completed its initial public offering of 4,000,000 common shares for gross proceeds of $24 million on December 28, 1995. In addition to completing its initial public offering, Axcan has, during the last quarter, undertaken construction of a manufacturing facility in Mont-St-Hilaire (Qu bec) for its Protectaid(R) contraceptive sponge contraceptive sponge n. A small absorbent contraceptive pad that contains a spermicide and that is positioned against the cervix of the uterus before sexual intercourse. recently launched on the Canadian market. It has also completed a joint venture with a unit of Althin Medical AB, a Swedish-based corporation, to expand its manufacturing and distribution activities in the area of concentrate solutions for hemodialysis. Axcan also issued today 60,000 common shares for gross proceeds of $360,000 pursuant to exercise of an over-allotment option granted to the Midland Walwyn Capital Inc. and First Marathon Securities Limited as underwriters of Axcan's initial public offering. Axcan specializes in the field of gastroenterology and is also active in areas related to contraception, the prevention of sexually transmitted diseases Sexually transmitted diseases Infections that are acquired and transmitted by sexual contact. Although virtually any infection may be transmitted during intimate contact, the term sexually transmitted disease is restricted to conditions that are largely and hemodialysis. Founded in 1983, it now employs some 100 people in Canada and has its head office on Montreal's South Shore as well as subsidiaries and offices in Laval (Montreal), Calgary and Plattsburgh, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . CONTACT: Axcan Pharma Inc. Leon Gosselin President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 514/467-5138 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion