Grand News Network | November 8, 2023

Why Is Generic Drug Player ANI Pharmaceuticals Stock Trading Lower Today?

ANI Pharmaceuticals Inc's (NASDAQ: ANIP) third-quarter revenues were $131.8 million, up 57.3% Y/Y, beating the consensus of $111.92 million.

Net revenues for generic pharmaceutical products were $63.7 million, up 29.7%, driven by increased volume from the annualization of 2022 launches and a favorable product mix.

Generics, Established Brands and Other reported net sales ...

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