Lonza CEO departure prompts concern over earnings prospects

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

By Ludwig Burger and Noele Illien (Reuters) -Contract drug manufacturer Lonza said on Monday Chief Executive Pierre-Alain Ruffieux will leave the Swiss ...

By Ludwig Burger and Noele Illien -Contract drug manufacturer Lonza said on Monday Chief Executive Pierre-Alain Ruffieux will leave the Swiss company by mutual agreement at the end of theaFrite Restaurant's Fight for Survival: little Halifax versus Halifax's little Toronto | SaltWire -Contract drug manufacturer Lonza said on Monday Chief Executive Pierre-Alain Ruffieux will leave the Swiss company by mutual agreement at the end of the month, weighing on investor confidence about the...

Shares in Lonza, which makes drug ingredients for healthcare and biotech companies, dropped 5.3% shortly after the 0700 GMT market open, trading near an eight-month low. He was also behind a multi-year investment push to assist drug developers working on new therapeutic proteins as well as cell and gene therapies.

But JP Morgan analysts said in a note that Lonza's investments in plants and equipment now looked unlikely to lead to the hoped-for improvements in profit margins.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lonza CEO departure prompts concern over earnings prospectsBy Ludwig Burger and Noele Illien (Reuters) -Contract drug manufacturer Lonza said on Monday Chief Executive Pierre-Alain Ruffieux will leave the Swiss ...
Source: SaltWire Network - 🏆 45. / 63 Read more »