Spanish reforms and generics hit Almirall's 1st-qtr; Sativex progress
Spain’s leading drugmaker Almirall (ALM: MC) has reported a 5.9% decrease in sales for the first quarter of 2012 to 200.2 million euros ($262.5 million), mainly due to Spanish reforms and generic competition. This figure is up on the company’s previous guidance, and the stock gained a modest 0.5% to 6.47 euros in morning trading.
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