EirGen Pharma posts €500k profits

21st June, 2015
EirGen Pharma posts €500k profits

Waterford pharmaceutical heavyweight EirGen Pharma, which was bought for $135 million last month, has turned in pre-tax profits of €537,002.

The company, which was founded by college friends Patsy Carney and Tom Brennan, saw a loss of just over €433,000 the previous year but has now ticked into the green, clocking up a profit for 2014.

The company is focused on producing high-potency drugs for cancer chemotherapy, and has nine drugs in the market, along with a...

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