Company Update
October 01 2010 - 2:00AM
UK Regulatory
TIDMHIK
RNS Number : 6686T
Hikma Pharmaceuticals Plc
01 October 2010
Hikma reiterates its guidance of at least 20% revenue growth for its US Generics
business in 2010
London, 1 October 2010 - Hikma Pharmaceuticals PLC (LSE: HIK) (NASDAQ DUBAI:
HIK)("Hikma"), the fast growing multinational pharmaceutical group, notes recent
press speculation that the United States Food and Drug Administration intends to
take enforcement action against unapproved single-ingredient oral colchicine
products and those companies that manufacture and sell them.
Hikma can confirm that it will comply with any FDA regulatory requirements
related to the sale of colchicine, if such a notice is served. Irrespective of
the timing of such notification, Hikma is confident in reiterating its guidance
of at least 20% revenue growth for its US Generics business for the full year
2010 and expects its core US Generics business will continue to perform well in
2011.
ENDS
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| Enquiries | |
+-----------------------------------+-----------------------------------+
| Hikma Pharmaceuticals PLC | +44 (0)20 7399 2760 |
+-----------------------------------+-----------------------------------+
| Susan Ringdal, Investor Relations | |
| Director | |
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| | |
+-----------------------------------+-----------------------------------+
| Financial Dynamics | |
+-----------------------------------+-----------------------------------+
| Ben Atwell | +44 (0)20 7269 7242 |
+-----------------------------------+-----------------------------------+
| Julia Phillips | +44 (0)20 7269 7187 |
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| Matthew Cole | |
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About Hikma
Hikma Pharmaceuticals PLC is a fast growing global pharmaceutical group focused
on developing, manufacturing and marketing a broad range of both branded and
non-branded generic and in-licensed products. Hikma's operations are conducted
through three businesses: "Branded", "Injectables" and "Generics" based
primarily in the Middle East and North Africa ("MENA") region, where it is a
market leader, the United States and Europe. In 2009, Hikma achieved revenues
of $637 million and profit attributable to shareholders of $78 million. For
news and other information, please visit www.hikma.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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