| Strong Start for Axcan Pharma's Fiscal 2007, With Record Revenue ...
MONT-SAINT-HILAIRE, QUEBEC--(CCNMatthews - Feb. 8, 2007) - Axcan Pharma Inc. (TSX:AXP)(NASDAQ:AXCA) - today reported financial results for the first quarter of fiscal 2007, ended December 31, 2006 (all amounts are stated in U.S. dollars). Highlights for the quarter include:
- Revenue of $78.8 million, an increase of 11.6% compared to the first quarter of fiscal 2006
- Diluted income per share for the first quarter of 2007 amounted to $0.34, compared to diluted income per share of $0.19 a year earlier, a 78.9% increase
- Revenue guidance for fiscal 2007 increased to $307- $312 million
"We are pleased to report very strong performance for this first quarter with double-digit revenue and income growth, led by our strong base business and solid prescription growth for all our key products in both North America and Europe," stated Frank Verwiel, M.D., President and Chief Executive Officer of Axcan.
No 'malfunctions' in broadcast this year
Phew! CBS got through the halftime show without a "wardrobe malfunction." The Artist Formerly Known as a Munchkin of Wardrobe Dysfunction began by singing "Let's Go Crazy," but he didn't. The closest thing to a fashion statement last night was an odd handkerchief on Prince's head. So the NFL had no repeat of the 2004 Janet Jackson/Justin Timberlake show, which happened the last time CBS broadcast the game. The 48-year-old Prince, who rose to stardom in the '80s with his distinctive fusion of R&B, funk, soul and rock, once looked androgynous and produced songs that (lest we forget) drove Tipper Gore nuts — and made her a target for anti-censorship types like Frank Zappa. Musically, the diminutive, erstwhile prodigy from Minneapolis kept it old-school, rockin' the house with "Purple Rain" and other golden hits.
Climate And Word Trade At The Heart Of Debates At Davos Forum
“‘Shaping the Global Agenda: The Shifting Power Equation.' Such is the theme chosen this year at the World Economic Forum (WEF) which opens Wednesday in Davos, Switzerland and which lasts for five days. The 2,400 participants from 90 countries, including 24 governmental heads of state and 85 ministers, will debate climate change, but also questions linked to the holdup in World Trade Organization (WTO) talks, without forgetting other great risks weighing upon the world economy. In addition, they will discuss subjects of a more diplomatic dimension, such as the situation in the Middle East. …" [Les Echos (France)/Factiva] “… German Chancellor Angela Merkel, who is currently holding both the chair of the Group of Eight group of top industrialized nations and the presidency of the EU, is expected to outline her international agenda.
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