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BTG exudes confidence ahead of final reuslts

Tue, 05th Apr 2016 07:41

(ShareCast News) - Specialist healthcare company BTG was confident ahead of its final results on Tuesday, claiming reported group revenue for the year to 31 March was expected to be at the upper end of its guidance range of £410m-£440m, boosted by currency tailwinds.The growth at the FTSE 250 company was largely driven by its interventional medicine division, with revenue growth at constant currency in interventional oncology in line with its annual average mid-teens guidance.Its interventional vascular sales also reportedly grew strongly, while its varicose veins treatment Varithena and interventional pulmonology business PneumRx saw sales remain largely flat.Following two years of 20% growth, BTG's specialty pharmaceuticals business delivered more typical single-digit growth during the year, the company said.BTG's licensing division saw good revenue growth, as a result of increased royalties from Sanofi/Genzyme's Lemtrada product following its US approval for the treatment of multiple sclerosis, and higher revenues from Johnson & Johnson's Zytiga treatment for advanced prostate cancer."I am pleased with our performance during the year and the significant milestones we have achieved," said CEO Louise Makin."We are successfully implementing our growth strategy by reinvesting the cash generated from our specialty pharmaceuticals and licensing businesses into our interventional medicine portfolio, where we are building momentum and establishing BTG as a world leader."BTG's board was due to publish its final results on 17 May.

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Interventional medicine revenue surges at BTG

(ShareCast News) - Specialist healthcare company BTG posted its interim results for the six months to 30 September on Tuesday, with double-digit revenue growth underpinned by 24% constant exchange rate growth in interventional medicine revenues. The FTSE 250 firm said its operating profit for the pe

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BTG Share News (BTG)

BTG exudes confidence ahead of final reuslts

WINNERS & LOSERS SUMMARY: Retailer Carpetright Rises On Fundraising

LONDON MARKET MIDDAY: UK Wages In Line But Fail To Inspire Pound

BTG Swings To Annual Loss On PneumRx Coils Impairment Charges

WINNERS & LOSERS SUMMARY: Vodafone Stumbles As CEO Stands Down

LONDON MARKET OPEN: easyJet Rises While Vodafone Falls; UK Wages Due

UK Earnings, Trading Statements Calendar - Next 7 Days

BTG product gets two ticks of approval

BROKER RATINGS SUMMARY: Goldman And Deutsche Raise Miner Price Targets

WINNERS & LOSERS SUMMARY: Intermediate Capital And Polypipe Surge

BTG First Half Profit Slumps Due To Settlement And Currency Impact

Interventional medicine revenue surges at BTG

WINNERS & LOSERS SUMMARY: Standard Chartered Sold As Profit Misses

Wednesday broker round-up

BROKER RATINGS SUMMARY: Goldman Slightly Less Negative On UK Grocers

Clinigen Group Extends Exclusive Supply Agreement With BTG

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