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LSL Pharma Group Inc ( (TSE:LSL) ) has provided an update.
LSL Pharma Group Inc. reported record revenues for the first quarter of 2025, with a 59% increase in total revenues compared to the previous year, driven by a significant rise in contract manufacturing operations. Despite a decline in eye-care revenues, the company achieved positive EBITDA for the fifth consecutive quarter. The company also completed the purchase of a new manufacturing line to boost production capacity and filed six new eye-care products with Health Canada, indicating strategic growth in its eye-care segment. However, a recent court ruling against LSL Laboratory Inc. poses a financial challenge, which the company plans to contest.
More about LSL Pharma Group Inc
LSL Pharma Group Inc. is a Canadian integrated pharmaceutical company focusing on the development and manufacturing of pharmaceutical products, particularly in the eye-care sector. The company is involved in contract manufacturing operations (CMO) and aims to expand its eye-care product portfolio.
Average Trading Volume: 41,667
Technical Sentiment Signal: Sell
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