Monday, February 22, 2010

CCM ... Feb10

Industry observers say the recently-secured contract for generic Tamiflu is expected to boost CCM Duopharma Biotech Bhd earnings for financial year 2010.

The RM32 million contract awarded to CCMD in October 2009 represented 50 per cent of the total government contract for the supply of the generic Tamiflu. CCMD also believes there is upside potential for the current contract given that currently it only covers 10 per cent of the total population against the government's goal to achieve about 20 per cent stockpile of the nation's populace.

The group also expects its upcoming human vaccines fill and finish (F&F) to drive earnings momentum from FY11 onwards.

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