17% jump in 2008 profit for Stallergenes
French drugmaker Stallergenes has reported a 17% year-on-year jump in profit for 2008, on expanding sales, despite a large investment in the company's Stalair sublingual-product marketing program.
Revenue was 170.9 million euros ($231.9 million), up 16%. R&D costs rose 26% to 30.0 million euros. Net income was 19.0 million euros, or 1.43 euros per share, versus 16.3 million euros, or 1.22 euros per share.
Solvay partnership for CIS market
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