Edison increases valuation of Skyepharma in light of repaid bonds and costly loans
UK-based Skyepharma’s (LSE: SKP) underlying business is strong now the company has repaid bonds and other costly loans, according to a new report from Edison Investment Research.
The first quarter trading update shows progress is being maintained, and that demand is growing for flutiform (fluticasone/formoterol), while US sales of Solaraze(diclofenac sodium) were significantly ahead of expectations. Flutiform revenues continue to grow and manufacturing capacity is being expanded to meet projected demand.
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