Saturday, October 11, 2008

Columbia Laboratories still expects full-year revenue of $35 million to $40 million

Drug developer Columbia Laboratories Inc. maintained its 2008 revenue forecast Wednesday, saying it will meet its goals despite difficult economic conditions.

Columbia stuck to its March forecast of $35 million to $40 million in revenue for the year, which implies growth of 18 percent to 35 percent. The company reported $29.6 million in revenue in 2007.

On average, analysts expected $36.3 million in revenue, according to Thomson Reuters.

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