CBM Cambrex Corporation

Cambrex Cancels Second Quarter Earnings Conference Call and Will Not Update Financial Guidance

Cambrex Cancels Second Quarter Earnings Conference Call and Will Not Update Financial Guidance

EAST RUTHERFORD, N.J., Aug. 07, 2019 (GLOBE NEWSWIRE) -- Cambrex Corporation (NYSE: CBM), the leading small molecule company providing drug substance, drug product and analytical services across the entire drug lifecycle, today announced that it will not hold a second quarter 2019 earnings conference call and will not update previously provided financial guidance given the pending acquisition by an affiliate of the Permira funds.

About Cambrex

Cambrex is the leading small molecule company that provides drug substance, drug product and analytical services across the entire drug lifecycle. The company provides customers with an end-to-end partnership for the research, development and manufacture of small molecule therapeutics. With over 35 years’ experience and a growing team of over 2,000 experts servicing global clients from sites in North America and Europe, Cambrex is a trusted partner in branded and generic markets for API and dosage form development and manufacturing.

Cambrex offers a range of specialist drug substance technologies and capabilities including biocatalysis, continuous flow, controlled substances, solid state science, material characterization and highly potent APIs. In addition, Cambrex can support conventional dosage forms including oral solids, semi-solids and liquids and has the expertise to manufacture specialist dosage forms such as modified-release, fixed dose combination, pediatric, bi-layer tablets, stick packs, topicals, controlled substances, sterile and non-sterile ointments.

For more information, please visit

Contact:Stephanie LaFiura

Investor Relations Associate

Tel: 201-804-3037

Email:

EN
07/08/2019

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Reports on Cambrex Corporation

Moody's Ratings downgrades Cambrex's CFR to B3, outlook remains negati...

Moody's Ratings (Moody's) downgraded the ratings of Cambrex Corporation's ("Cambrex") including the Corporate Family Rating (CFR) to B3 from B2 and the Probability of Default Rating (PDR) to B3-PD from B2-PD. Concurrently, Moody's downgraded the rating of the backed senior secured first lien bank fa...

Cambrex Corporation: Update to credit analysis following change of out...

Our credit view of this issuer reflects its high financial leverage and aggressive M&A posture offset by its high quality manufacturing facilities, and one of only a few CDMO’s of scale.

Moody's changes Cambrex's outlook to negative; affirms B2 CFR

Moody's Investors Service ("Moody's") today affirmed Cambrex Corporation's ("Cambrex") B2 corporate family rating (CFR) and B2-PD probability of default rating (PDR). Concurrently, Moody's affirmed the B2 rating of the backed senior secured first lien bank facility. The outlook was changed to negati...

Cambrex Corporation: Update to credit analysis

Cambrex' credit profile reflects its high financial leverage and concentration in small molecules offset by its capabilities as a fully integrated CDMO and strong demand for its services.

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