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Simcere Books Very Strong 2007

publication date: Mar 4, 2008

Simcere Pharma reported solid Q4 and 2007 results, and the company significantly increased its guidance for 2008. Simcere manufactures branded generic drugs, the patented cancer statin drug, Endu, and a treatment for stroke, Bicun. In 2007, Simcere generated revenues of 1.39 billion RMB ($190.5 million), an increase of 46% over 2006. Net income came in at 301 million RMB ($41.3 million) for the year, a 75% jump from 2006. Simcere is now predicting it will generate revenues in a range from 2 billion RMB to 2.1 billion RMB in 2008, with profits between 390 million RMB and 400 million RMB. More details...

Stock Symbol: (NYSE: SCR)



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