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Pharmstandard Q1 sales up 55 pct at $136 mln
Russian pharmaceutical company OJSC Pharmstandard said first quarter sales rose 55 percent over the previous year to $136 million.
The company said pharmaceutical products sales contributed 93 percent to the total revenue, while revenue from medical equipment and disposables sales contributed 7 percent.
Pharmaceutical products revenue grew 62 percent to $126 million, while the company reported revenue from its medical equipment business of $10 million, which was flat compared to the previous year.