Pharma Mar’s first-quarter profit fell 66% to 24 million

Pharma Mar's investment in research and development (R&D) rose by 19.6% to $17.7 million (€14.7 million). Other operating expenses fell by 13% to $15.5 million (€12.9 million). The group closed the first quarter of 2021 with cash and cash equivalents...

Pharma Mar’s first-quarter profit fell 66% to 24 million
Pharma Mar's investment in research and development (R&D) rose by 19.6% to $17.7 million (€14.7 million). Other operating expenses fell by 13% to $15.5 million (€12.9 million). The group closed the first quarter of 2021 with cash and cash equivalents of $277.7 million (€231 million) and total debt of $60 million (€50 million), leaving net cash at $216.5 million (€180 million), up $20.4 million (€17 million).