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PROC News and Press, Procaps Group S.A. From 06/02/22

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Company Name: Procaps Group S.A.
Stock Symbol: PROC
Market: NASDAQ

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PROC - Procaps Group Reports Preliminary First Quarter 2022 Results

MIAMI and BARRANQUILLA, Colombia, June 02, 2022 (GLOBE NEWSWIRE) -- Procaps Group S.A. (NASDAQ: PROC) (“Procaps”), a leading integrated LatAm healthcare and pharmaceutical conglomerate, today announced its preliminary financial results for the quarter ended March 31, 2022 (&#x...

PROC - Procaps to acquire Mexican pharmaceutical company Grupo Somar

Procaps (NASDAQ:PROC) said Tuesday it will acquire integrated pharmaceutical company Grupo Somar from global private equity firm Advent International. The acquisition, which marks PROC's entry into Mexico, will increase its manufacturing and R&D capabilities as well as diversify its ...

PROC - Procaps Group to Acquire Grupo Somar (including Química y Farmacia, Gelcaps and related entities) from Advent International, gaining an important presence in Mexico, the Region's Second Largest Market

This acquisition reaffirms Procaps Groups’ strategy to become one of the fastest growing pharmaceutical organizations in Latin America With FY2021 Net Revenues of $184 million, Grupo Somar is one of the most relevant independent pharma companies in Mexico MIAMI and BA...

PROC - Procaps Group reports Q4 results

Procaps Group press release (NASDAQ:PROC): Q4 net loss for the three months ended December 31, 2021 was $46.3M, compared to net income of $9.4M for the three months ended December 31, 2020. Revenue of $126.5M (+7.1% Y/Y). Gross profit increased by $7.5M, or 11.1%, to $75.7M for the three mont...

PROC - Procaps Group Reports Fourth Quarter and Fiscal Year 2021 Financial Results

Fiscal Year 2021 Net Revenues Increased 23.6% to $409.7 Million, with Adjusted EBITDA Up 17.8% Year-Over-Year to $99.7 Million Strong Double Digit 2021 Revenue Growth in All Business Units Driven by Market Share Gains and New Product Launches Company to Host Business U...

PROC - Procaps Group Announces Capacity Expansion Plans in the United States with Construction of New Gummy Manufacturing Facility in Florida

New Funtrition Gummy Manufacturing Facility in Florida Slated to be Fully Operational by Q1 2023 Production Facility to Support Increased U.S. Demand of Advanced Gummy Technologies for the Global Nutraceutical Industry Expansion Plan Expected to Double Current Capacity...

PROC - Procaps Group Announces Appointment of Melissa Angelini as Investor Relations Director

Pharmaceutical Industry and Investor Relations Veteran to Lead Capital Markets Communications Strategy Procaps Group (NASDAQ: PROC), a leading integrated international healthcare and pharmaceutical company, today announced the appointment of Melissa Angelini as Investor Rela...

PROC - Procaps Group Acquires 1st U.S.-Based Softgel Production Facility and Pharmaceutical R&D Center to Expand Global Growth of its iCDMO Business Unit

Top 5 Global Producer of Pharmaceutical Softgels to Expand Production Capacity in the United States by 1.8 Billion Capsules Annually USFDA Approved 86,000 Square Foot Facility Located in West Palm Beach, Florida to Accelerate Time-To-Market Response & Lower Cost of Distrib...

PROC - PROC, JWEL and CPE among technology movers

Gainers: iSpecimen  ISPC +117%. Biofrontera  BFRI +75%. Allied Healthcare Products AHPI +64%. NRx Pharmaceuticals NRXP +57%. Adagio Therapeutics ADGI +30%. Losers: Procaps Group (NASDAQ:PROC) -18%. Jowell Global Ltd (NASDAQ:JWEL) -17%. Pinduoduo PD...

PROC - CPE, SABR and LPI among mid-day movers

Gainers: iSpecimen (NASDAQ:ISPC) +115%. Biofrontera (NASDAQ:BFRI) +68%. Allied Healthcare Products (NASDAQ:AHPI) +56%. NRx Pharmaceuticals (NASDAQ:NRXP) +52%. Adagio (NASDAQ:ADGI) +31%. Alpha Pro Tech (NYSE:APT) +23%. 180 Life Sciences (NASDAQ:ATNF) +20%. Moderna (NASDAQ:MRNA) +22%. SAB Bioth...

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