Penwest Pharmaceutical Reports Record Revenue and Earnings for Second Quarter of 2010

Published: Aug 04, 2010

PATTERSON, N.Y., Aug. 4, 2010 (GLOBE NEWSWIRE) -- Penwest Pharmaceuticals Co. (Nasdaq:PPCO) today reported financial results for the three and six months ended June 30, 2010. For the second quarter of 2010, revenues increased 159% year-over-year and total operating expenses decreased 28% year-over-year, leading to record net income of $8.4 million, or $0.26 per share.

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