Almirall bounces back as new CEO seeks to steady ship
The sales figures and stock value of Catalan, Spain, drugmaker Almirall (ALM: MC) have taken a pummeling this year, and the latest results showed that the third quarter had been another tough one for Spain’s biggest pharma company.
But Almirall’s share price shot up by 7% to 8.70 euros after the results were presented, possibly reflecting hope that the drugmaker’s sales could soon be on the way back up under a new leader who has promised sustained growth and shareholder value.
"We have a healthy balance sheet enabling us to target acquisitions"
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