Newport Pharmaceuticals: Newport Pharmaceuticals International, which lost...
From Times Staff Reports
Newport Pharmaceuticals: Newport Pharmaceuticals International, which lost $2.6 million in its fiscal 1990 year, started the new fiscal year by earning $294,000 on revenue of $20.4 million for the first quarter ended March 31, the company said. In the first quarter last year, the Laguna Hills company lost $401,000 on revenue of $13.3 million. Newport Pharmaceuticals’ principal business is providing prescription drug-benefit programs to corporate health-care providers, insurers and health maintenance organizations.
