Endo Health Solutions Inc. (Formerly Known as Endo Pharmaceuticals Holdings Inc.) Reports First Quarter Financial Results
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Endo Health Solutions Inc. (ENDP) swung to a first-quarter profit amid fewer write-downs and other items, as well as a modest revenue increase as strong sales growth in its generic segment offset declines in other businesses. New Chief Executive Rajiv De Silva, who took the helm in March, was expected to act quickly on a turnaround plan for the company, which has been aiming to diversify away from its reliance on sales of its Lidoderm pain-relief patch, which the company expects may see a generic competitor in September.
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Endo Health Solutions Inc. (ENDP) swung to a first-quarter profit amid fewer write-downs and other items, as well as a modest revenue increase as strong sales growth in its generic segment offset declines in other businesses. New Chief Executive Rajiv De Silva, who took the helm in March, was expected to act quickly on a turnaround plan for the company, which has been aiming to diversify away from its reliance on sales of its Lidoderm pain-relief patch, which the company expects may see a generic competitor in September.
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