Navamedic Q2 and H1 2024: Stable growth continues and is supported by a new licensing and supply agreement [Yahoo! Finance]
ORION CORP NEW UNSP/ADR (ORINY)
NASDAQ:AMEX Investor Relations:
orion.fi/en/orion-group/investors/investor-relations
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Source: Yahoo! Finance
high-quality products to hospitals and pharmacies, delivered revenues of NOK 277.2 million , up 12.8 per cent from the corresponding period last year. Adjusted EBITA amounted to NOK 41.1 million compared to NOK 26.3 million in 2023. The milestone payment of NOK 22.7 million following the agreement with Orion Corporation to market and sell Flexilev ® and OraFID ® in Europe is included. During the first six months of 2024, Navamedic has delivered on its strategy across the business. Following the launch of Eroxon ® at the start of the year, the company renewed its contract with the Norwegian Hospital Procurement Trust, whereby Navamedic will continue to supply Norwegian hospitals with antibiotics until 2027. This agreement is expected to contribute more than 20 per cent revenue growth to the overall antibiotics' portfolio. In June, Navamedic signed a license and supply agreement with Orion Corporation (Orion) to market and sell Flexilev ® and OraFID ® in Europe . This agreement repr
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