The pharmaceutical using this chemical product, has already been approved by the regulatory agency and is on the market. Revenues from development product continues to be a significant portion of the Fine Chemical segment sales in this first quarter and will remain so throughout the entire year. This is important for a number of reasons. First, expansion of development products over the last two years will lead to two new products reaching markets this year.Second, as total segment sales continue to grow, sustaining development sales in the range of 20% of total segment sales, translates to a growing new pipeline of products and diversification of the customer base. Orders for development product currently represent projects from 18 different customers.
American Pacific's CEO Discusses F1Q12 Results - Earnings Call Transcript
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