For some companies, focusing on a single specialization is the best way to build a reputation, leverage resources and maximize effectiveness. There is a Mont-Saint-Hilaire, Quebec outfit that has followed that path to leadership in the field of gastroenterology-related pharmaceuticals.
Axcan Pharma (NASDAQ: AXCA) is engaged in the development and sale of pharmaceutical products for the treatment of gastrointestinal diseases and disorders. Products include medicines for exocrine pancreatic insufficiency diseases; cholestatic liver diseases; inflammatory bowel diseases; gastric duodenal ulcers; and irritable bowel syndrome. The firm also owns the global rights to Photofrin, a drug with applications to esophageal, gastric and lung cancers. Other products include caloric supplements for cystic fibrosis patients and over-the-counter antacids. The company sells its products primarily to wholesale drug companies and distributors. Novartis (NYSE: NVS) is a major competitor.
The firm pleased investors last week, when it reported fiscal Q3 EPS of 36 cents and revenues of $92.3 million. Analysts had been expecting 26 cents and $81.6 million. Management also guided FY07 revenues to $335-$343 million, versus Street consensus of $324.74 million.