Outlook: Delivery of strategy is on track and on schedule
Consort Medical is midway through implementing its growth strategy. The goal of sustainable double-digit earnings growth should be achieved organically via the new product opportunities progressing through development. These, coupled with further expansion and diversification of its activities (including drug handling), should result in increasing revenues and, with margin improvement, proportionately higher profit.Consort Medical is a contract development and manufacturing organization (CDMO), providing delivery technologies, formulation and manufacturing solutions for drugs. Co. has two operating divisions: Bespak, which is engaged in the development and manufacture of drug delivery devices, serving pharmaceutical companies with inhaler, auto-injector, nasal and ocular technologies and development and manufacturing services; and Aesica (Drugs), a pharmaceutical CDMO serving pharmaceutical companies with active pharmaceutical ingredient and finished dose formulation development and manufacturing services.
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