Sirtex Medical: Biotech Market Spotlight
Friday, 23 October, 2009
Oncology treatment company, Sirtex Medical (ASX:SRX) has continued to perform well, gaining 23c or 3.85% today as of 3pm to $6.20.
This follows a week of strong gains following an announcement on Monday of a 68% increase in operating profit from $3.25 million to $5.47 million for the last financial quarter.
The company also announced a dividend of 2c per share plus a special dividend of 5c per share to be paid in December.
Sirtex Medical, which manufactures SIR-Spheres for the treatment of liver cancer, saw revenues raise from $12.29 million to $16.47 million in the last quarter, a lift of 34%, in spite of a strengthening Australian dollar.
The company's stock has performed well over since the start of the year, with it seeing a 280% lift since January 2.
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