Home » ALTANA SEEKS PARTNER FOR DRUGS UNIT, UPS OUTLOOK
ALTANA SEEKS PARTNER FOR DRUGS UNIT, UPS OUTLOOK
Germany's Altana (ALTG.DE: Quote, Profile, Research) will seek a partner for its drugs unit, it said on Wednesday, as it raised its 2005 earnings target after nine-month profits beat forecasts thanks to strong sales of its flagship drug. Earnings before interest and tax (EBIT) rose 12 percent to 522 million euros ($626.7 million) in the first nine months, driven by robust sales of anti-ulcer drug pantoprazole.
KEYWORDS Daily International Pharma Alert
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