Alliance Pharma PLC AGM Statement (1844Z)
May 25 2016 - 2:00AM
UK Regulatory
TIDMAPH
RNS Number : 1844Z
Alliance Pharma PLC
25 May 2016
For immediate release 25 May 2016
ALLIANCE PHARMA PLC
("Alliance" or the "Company")
AGM Statement
Alliance Pharma plc (AIM: APH), the specialty pharmaceutical
company, will hold its Annual General Meeting ("AGM") in London
later this morning. At the meeting, the Company's Chairman, Andrew
Smith, will make the following statement:
"The year has started well. The Alliance business and the
recently acquired Sinclair Healthcare Products business together
generated revenues of GBP30.5 million for the first four months of
2016, which is in line with the Board's expectations.
"Kelo-Cote(TM), our scar reduction product from the Sinclair
portfolio, is now our largest-selling brand. Its sales of GBP3.0
million in the first four months of 2016 were in line with
forecast. Hydromol(TM), the largest selling brand in the Alliance
product range, continued to grow well with sales in the first four
months of the year up 7% on the same period in the prior year. The
UK consumer healthcare business also continues to develop well,
with sales of GBP2.9 million up 20% on the same period last year,
driven by strong growth of Ashton and Parsons(TM) and
Macushield(TM), which was acquired in February 2015.
"The key activity of combining the two organisations is
underway. We are in the process of integrating the Sinclair
products under the Alliance name and of aligning the operational
capabilities of the enlarged company; both projects are progressing
to plan.
"We look forward to the year ahead with confidence."
For further information:
Alliance Pharma plc + 44 (0) 1249 466966
John Dawson, Chief Executive
Andrew Franklin, Chief Financial
Officer
Sarah Robinson, Company Secretary
www.alliancepharma.co.uk
Buchanan + 44 (0) 20 7466 5000
Mark Court / Sophie Cowles
/ Jane Glover
Numis Securities Limited + 44 (0) 20 7260 1000
Nominated Adviser: Michael
Meade / Freddie Barnfield
Corporate Broking: James
Black / Toby Adcock
Notes to editors:
About Alliance Pharma
Alliance, founded in 1998, is an international specialty
pharmaceutical company based in Chippenham, Wiltshire, UK. The
Company has sales in more than 100 countries worldwide via direct
sales, joint ventures and a network of distributors. Alliance has a
strong track record of acquiring the rights to established niche
products and it currently owns or licenses the rights to
approximately 90 pharmaceutical and consumer healthcare products.
The Company continues to explore opportunities to expand its
product portfolio.
Alliance joined the AIM market of the London Stock Exchange in
December 2003 and trades under the symbol APH.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMAKQDDABKDDPB
(END) Dow Jones Newswires
May 25, 2016 02:00 ET (06:00 GMT)
Alliance Pharma (LSE:APH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alliance Pharma (LSE:APH)
Historical Stock Chart
From Apr 2023 to Apr 2024