Recordati sees 19% rise in nine-month sales
Italian drugmaker Recordati (REC: MI) today presented its annual financial results for the first nine months of 2022, edging its shares up 1.6% to 38.48 euros.
Consolidated net revenue in the first nine months of 2022 was 1,377.5 million euros ($1,378 million), up 19.1% compared to the same period of the previous year, including 91.1 million euros of 2nd-3rd quarter revenue from the rare and niche oncology product portfolio acquired with EUSA Pharma, consolidated since the second quarter.
The acquisition carried an enterprise value of around 750 million euros, and brought in EUSA products such as Qarziba (dinutuximab beta), Sylvant (siltuximab) and Fotivda (tivozanib).
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