FDAnews Drug Daily Bulletin

SALIX MISSES ESTIMATES; PHARMACEUTICAL FIRM'S STOCK PUMMELED

May 8, 2006
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Shares in pharmaceutical firm Salix plummeted nearly 11 percent on Thursday after the company missed Wall Street analysts' expectations on quarterly earnings. Salix reported a net income of $3.7 million, or 8 cents a share. Analysts had forecast a 12-cent per share profit. Local Tech Wire (http://www.localtechwire.com/article.cfm?u=13935)