Magle Chemoswed Holding AB Today Announced Financial Results for The First Quarter Of 2021
ACCESSWIRE
MALMÖ, SWEDEN / ACCESSWIRE / May 14, 2021 / Magle Chemoswed (STO:MAGLE) (FRA:52X)
The first quarter of 2021is in line with forecast and provides a strong performance basis for the remainder of 2021. High demand in the CDMO services area has followed the trend seen in the latter stages of 2020.
'The quarter was, as expected, a challenging start to the year and we have ended the first quarter strongly. We continue to deliver on our strategic priorities and remain focused on creating significant value for shareholders. We are making substantial progress in our development pipeline to expand our product portfolio on our technology platform. This is being supported with strong demand in the CDMO services area of the business. With the upcoming addition of PharmaCept in the next quarter, I am confident that we are well on our way to building an exciting foundation to bring our technology products to the market in an expedited manner' said Justin Pierce, Magle Chemoswed Holding's CEO.