Stronger quarter for SAFC

SAFC showed a 4.8% increase increase in Q3 organic sales helped by sales of H1N1 vaccine adjuvants to pharma companies. Rakesh Sachdev, Senior Vice President and Chief Financial Officer, said sales were also helped by 'new customer facilities coming online, new financing becoming available at both biotech and virtual pharmaceutical companies and our customer’s efforts to push early stage clinical trials in response to indications of moderate economic improvements'.
Jai Nagarkatti, Chairman, President and Chief Executive Officer, said 'we delivered a fair amount of what was booked at June 30th, in the third quarter, but our order book remains above 25% higher than what it was at the end of 2008'.
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