ADMA Biologics, Inc. Provides Corporate Update and Reports Second Quarter 2017 Financial Results
RAMSEY, N.J., Aug. 11, 2017 (GLOBE NEWSWIRE) -- ADMA Biologics, Inc. (NASDAQ:ADMA) (“ADMA” or the “Company”), a vertically integrated biopharmaceutical and specialty immunoglobulin company that develops, manufactures and markets specialty plasma-based biologics for the treatment of Primary Immune Deficiency Disease (“PIDD”) and the prevention and treatment of certain infectious diseases, today announced its financial results for the quarter ended June 30, 2017 and provided a corporate update.
“We are very pleased with the Company’s transformative progress achieved during the second quarter of 2017. Most importantly, we successfully completed the acquisition of certain assets pertaining to the Biotest Pharmaceuticals Corporation Therapy Business Unit (“BTBU”), continued to integrate business operations, implemented certain departmental synergies and generated accretive revenues, which helped drive quarter-over-quarter sales growth by approximately 50%,” stated Adam Grossman, President and Chief Executive Officer of ADMA.
“We are very pleased with the Company’s transformative progress achieved during the second quarter of 2017. Most importantly, we successfully completed the acquisition of certain assets pertaining to the Biotest Pharmaceuticals Corporation Therapy Business Unit (“BTBU”), continued to integrate business operations, implemented certain departmental synergies and generated accretive revenues, which helped drive quarter-over-quarter sales growth by approximately 50%,” stated Adam Grossman, President and Chief Executive Officer of ADMA.