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Lotus Reports Higher Q1 and New Asthma Drug

publication date: May 22, 2008
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Lotus Pharmaceuticals, Inc. announced a 41% increase in revenues in Q1, though net income was up by a smaller 19%. The company booked $11.7 million in sales, while its profits totaled $1 million or 2 cents per share, fully diluted. Earlier this week, Lotus announced it will pay 48 million RMB ($7 million) to buy the patent and production rights to an asthma medicine, Laevo- Bambutero. More details...

Stock Symbol: (OTCBB: LTUS)

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