Sobi: Report for the Fourth Quarter and Full Year 2011
Geoffrey McDonough, CEO: "2011 was a year of consolidation and stabilization forSobi. Our full year results show revenues in line with the previous year, withimpact from currency and discontinued products balanced by growth in our productportfolio and the ReFacto® manufacturing business. During the year, we expandedgeographically, reduced our cost base and decreased our net debt. In order toimprove operational efficiency, we are implementing a new organization andreporting structure based on the three business lines: Core Products, PartnerProducts, and ReFacto® manufacturing and