ALLIANCE PHARMA ORD 1P
ALLIANCE PHARMA ORD 1P
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Ticker: APH
ISIN: GB0031030819

Hardman & Co Research: Alliance Pharma (APH): Entering the US market

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Hardman & Co Research
Hardman & Co Research: Alliance Pharma (APH): Entering the US market

19-Apr-2018 / 07:15 GMT/BST


Hardman & Co Research: Entering the US market

Alliance Pharma (APH) is continuing with its buy-and-build strategy having evolved through 35 acquisitions over a period of 20 years into a profitable, cash-generative, specialty pharma business. The company has a mix of international growth brands -Kelo-cote and MacuShield - and a bedrock of solid local low-growth products. Full-year results supported the January trading statement, with strong sales of Kelo-cote and MacuShield underpinning EBITDA growth, and helping to generate strong underlying operational cashflow. The acquisition of Vamousse (third international growth brand) appears to be integrating well already and opens up the US market.

Please click on the link below for the full report:

http://hardmanandco.com/docs/default-source/company-docs/alliance-pharma-documents/19.04.18-entering-the-us-market.pdf

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About Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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End of Announcement - EQS News Service

676075  19-Apr-2018 

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