Thursday February 20, 2020

Drug firm’s Dublin base increases profits by 20%

A generic drug firm set up by Elan founder Don Panoz has recorded a 20 per cent rise in revenues at its Dublin base, where almost 450 people are employed, writes Gavin Daly.

1st January, 2011

A generic drug firm set up by Elan founder Don Panoz has recorded a 20 per cent rise in revenues at its Dublin base, where almost 450 people are employed, writes Gavin Daly.

McDermott Laboratories, which is part of Mylan, had revenues of €189.2 million in 2009 and its directors said that ‘‘sales revenue will continue to increase’’ in the future. Despite the sharp rise in sales, the firm made a loss of €9 million because of...

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