Sunshine Biopharma Inc. announced today that it has filed its 2025 first quarter report on Form 10-Q, revealing continued revenue growth. The company reported revenues of $8.9 million for the first quarter of 2025. This represents an 18% increase over the revenue reported for the same period last year.
The sustained revenue growth in the first quarter of 2025 is primarily attributable to the ongoing expansion of Nora Pharma Inc., the company's Canadian generic pharmaceutical subsidiary. This commercial segment continues to be a reliable source of revenue. Consistent performance in this area is vital for the company's financial stability.
These financial results underscore the effectiveness of Sunshine Biopharma's strategy to leverage its generic drug business to fund its innovative proprietary drug pipeline. The continued growth in commercial revenues provides the necessary capital to advance its high-potential oncology and antiviral research and development programs.
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