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Recordati Industria Chimica e Farmaceutica SpA (RECI.MI)

RECI.MI on Milan Stock Exchange

39.51EUR
20 Oct 2017
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€-0.02 (-0.05%)
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Latest Key Developments (Source: Significant Developments)

Recordati H1 net profit up at EUR 147.0 mln, raises FY 2017 targets
Thursday, 27 Jul 2017 05:12am EDT 

July 27 (Reuters) - RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA ::H1 REVENUE EUR 650.9 MILLION VERSUS EUR 587.9 MILLION YEAR AGO.H1 NET PROFIT EUR 147.0 MILLION VERSUS EUR 122.7 MILLION YEAR AGO.RAISES FULL YEAR 2017 TARGETS.SEES FY 2017 SALES BETWEEN € 1,290 AND € 1,300 MILLION.SEES FY 2017 OPERATING INCOME BETWEEN € 400 AND € 410 MILLION.SEES FY 2017 NET INCOME BETWEEN € 290 AND € 295 MILLION.SEES FY 2017 EBITDA BETWEEN € 450 AND € 460 MILLION.  Full Article

Recordati acquisition of rights to Astrazeneca’s metoprolol based treatments in Europe completed
Monday, 3 Jul 2017 02:13am EDT 

July 3 (Reuters) - RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA ::AGREEMENT WITH ASTRAZENECA <<>> FOR PURCHASE OF RIGHTS TO SELOKEN/SELOKEN ZOK AND ASSOCIATED LOGIMAX FIXED DOSE COMBINATION TREATMENTS IN EUROPE IS CONCLUDED.CONSIDERATION FOR ACQUISITION OF THE ASSETS OF $ 290 MILLION (€ 258 MILLION) WAS PAID AT THE CLOSING.THE AGREEMENT HAS BEEN COMPLETED WITH EXCEPTION OF ROMANIA, WHICH IS SUBJECT TO SEPARATE CLOSING.  Full Article

Recordati signs exclusive license agreement with MimeTech
Friday, 16 Jun 2017 02:44am EDT 

June 16 (Reuters) - RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA ::SIGNS EXCLUSIVE LICENSE AGREEMENT WITH MIMETECH FOR DEVELOPMENT AND COMMERCIALIZATION OF A LOW MOLECULAR WEIGHT PEPTIDOMIMETIC OF HUMAN NERVE GROWTH FACTOR (NGF) FOR TREATMENT OF NEUROTROPHIC KERATITIS.  Full Article

Recordati acquires from AstraZeneca European rights to Metoprolol based products
Monday, 22 May 2017 02:13am EDT 

May 22 (Reuters) - RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA ::ACQUIRES FROM ASTRAZENECA <<>> EUROPEAN RIGHTS TO PRODUCTS BASED ON METOPROLOL.THE CONSIDERATION FOR THE ACQUISITION OF THE ASSETS IS OF $ 300 MILLION (APPROX. € 270 MILLION) AND WILL BE FUNDED BY EXISTING LIQUIDITY AND AVAILABLE CREDIT LINES.ROYALTIES FOR THE USE OF THE EXISTING PRODUCT BRANDS WILL BE DUE TO ASTRAZENECA FOR AN AGREED PERIOD.METOPROLOL SUCCINATE IS A BETA‐BLOCKER FOR THE CONTROL OF HYPERTENSION, ANGINA AND HEART FAILURE.EXISTING SALES OF THE METOPROLOL BRANDS WILL PROVIDE THE BASE TO ENTER NEW MARKETS AND COMPLETE EUROPEAN GEOGRAPHICAL FOOTPRINT.  Full Article

EU Medicines Agency recommends against approval of AB Science mastocytosis drug Masitinib
Friday, 19 May 2017 07:59am EDT 

May 19 (Reuters) - EU Medicines Agency: :EU Medicines Agency recommends approval of Valeant Pharmaceuticals Inc psoriasis drug Brodalumab.EU Medicines Agency recommends approval of Richter Gedeon and Recordati Industria Chimica E Farmaceutica SPA Cariprazine drug for bipolar mania and schizophrenia.EU Medicines Agency recommends against approval of AB Science mastocytosis drug Masitinib.  Full Article

Recordati raises FY 2017 targets
Thursday, 4 May 2017 06:49am EDT 

May 4 (Reuters) - Recordati Industria Chimica e Farmaceutica SpA ::FY 2017 targets increased: sales of around EUR 1,250 million ($1.37 billion), EBITDA of around EUR 425 million, operating income around EUR 380 million and net income around EUR 275 million.  Full Article

Recordati Q1 net profit up at 78.5 million euros
Thursday, 4 May 2017 06:47am EDT 

May 4 (Reuters) - Recordati Industria Chimica e Farmaceutica SpA ::Q1 revenue 341.9 million euros versus 302.2 million euros a year ago.Q1 net profit 78.5 million euros, up 19.9 pct year on year.  Full Article

Recordati Rare Diseases buys North American marketing rights to Cystadane
Thursday, 13 Apr 2017 09:36am EDT 

Recordati Industria Chimica e Farmaceutica SpA :Recordati Rare Diseases Inc. acquires North American marketing rights to Cystadane (betaine anhydrous for oral solution).  Full Article

Recordati Q1 revenue up 13 pct at EUR 342 mln
Tuesday, 11 Apr 2017 08:09am EDT 

Recordati Industria Chimica e Farmaceutica SpA :Consolidated revenues in the first quarter 2017: 342 million euros, up 13 pct versus the first quarter of 2016.  Full Article

Recordati incorporates unit Recordati SA Chemical and Pharmaceutical Company
Thursday, 2 Mar 2017 04:17am EST 

Recordati Industria Chimica e Farmaceutica SpA :Said on Wednesday that it filed the project of incorporation of Luxembourg-based unit Recordati SA Chemical and Pharmaceutical Company.  Full Article