Sobi posts 61% increase in 2016 revenues
Nordic biotech firm Swedish Orphan Biovitrum (STO: SOBI) has announced its results for the fourth quarter and full year 2016. Revenues for the full year totalled 5,204 million Swedish kronor ($584.7 million), an increase of 61% compared to 2015.
Revenues for the quarter were 1,292 million kronor, an increase of 59%. Product sales for the full year amounted to 4,548 million kronor, an increase of 77%, based on strong performance across the portfolio and the launch of our new hemophilia products, Elocta (efmoroctocog alfa) and Alprolix (coagulation Factor IX [recombinant], Fc fusion protein).
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