Patheon hits 52-week high on Q3 results


Patheon Inc. (T.PTI) hit a new 52-week high of $3.08 Thursday. Patheon Inc. a leading provider of contract development and manufacturing services to the global pharmaceutical industry, announced today fiscal 2012 third quarter results.

Revenues in the quarter increased to $203.7 million from $172.7 million in the same period last year, an increase of 18.0%. Gross profit in the quarter increased to $55.5 million from $25.8 million in the same period last year, an increase of 115.1%. Adjusted EBITDA increased in the quarter to $34.6 million from $10.3 million in the same period last year, an increase of 235.9%.

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