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Symphogen turns year-long deficits into first profitable year following Servier acquisition

Symphogen, which was acquired by French Servier two years ago, has succeeded in ending the financial year 2020/2021 with a double-digit million-dollar net result, despite a string of deficits in recent years.

Photo: Symphogen

Biotech firm Symphogen, which French pharmaceutical company Servier bought back in 2020, can now finally present financial results in the black, following years of deficits.

This is evident in the company’s recently publicized financial report for 2020/2021, which is the first report for Symphogen that covers the skewed period from October 1 to September 30.

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