Profits at Chanelle Pharma fell ahead of this year’s €300m sale to Exponent
Michael Burke started Chanelle Pharma 40 years ago
Pre-tax profits at the Co Galway-based Chanelle Pharma group decreased by 42pc to €13.7m last year due to higher costs.
Earlier this month, vet-turned businessman Michael Burke sold Chanelle Pharmaceuticals, which he founded more than 40 years ago, in a deal understood to be worth about €300m to British private equity group Exponent.
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