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Our research resources have been aimed towards the Canadian Caps and the various prospective companies therein Paladin Labs Inc. was among those that we have been closely examining due to their recent news and trading patterns.
February 28, 2008 Paladin Labs Inc. (TSX:PLB) reported its financial results for the fourth quarter and year ended December 31, 2007. The Company achieved record revenues for the fourth quarter of 2007 and has achieved its 12th consecutive year of record revenues.
Revenues for the fourth quarter of 2007 increased 24% to a record $17.7 million compared to $14.3 million in the fourth quarter of 2006. Revenues from the Company's key promoted brands including: Twinject , Oxytrol , Plan B , Trelstar , Pennsaid , Metadol , Testim and Tridural(TM) increased by 39% in the fourth quarter of 2007 compared to the same period a year ago. For the year ended December 31, 2007, revenues increased 30% to a record $62.9 million compared to $48.4 million in 2006.
Paladin Labs Inc., headquartered in Montreal, Canada, is a specialty pharmaceutical company focused on acquiring or in-licensing innovative pharmaceutical products for the Canadian market. With this strategy, a focused national sales team and proven marketing expertise, Paladin has evolved into one of Canada's leading specialty pharmaceutical companies. For more information, please visit the Company's web site at www.paladinlabs.com.
Streetinvesting.com will continue to follow the progress of this company following their most recent news announcement. Visit www.streetinvesting.com and signup free for our financial market services.
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