Friday, February 16, 2007
In line with the banner year shared by much of clinical trials industry, the Dublin, Ireland-based contract research organization (CRO) ICON reported big gains in 2006. The company generated $129 million in net revenue, a 46% increase compared with $88.1 million during the same period in 2005. The company had full year revenues of $455.6 million in 2006 compared with $342.8 million in 2005, representing an increase of 33%. ICON’s operating income rose 69% to $51.9 million in 2006 compared with $30.8 million in 2005.