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No Alarm At Almirall Despite Stake Sale

Pipeline Progressing Well

 
• By Kevin Grogan

Shares in the Spanish dermatology specialist have slipped as the majority shareholder sold a 6.3% stake. However, sales of its psoriasis and acne drugs, plus some promising late-stage assets, suggest Almirall is in rude health.

Alarm bells
Alarm bells not ringing at Spain's Almirall • Source: Shutterstock

News that the founding family of Almirall SA is selling off a stake in the company has caused the Spanish firm's stock to fall 10%, despite the company posting a reasonable set of quarterly results.

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