sanofi confirms profit to fall
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Sanofi confirms profit to fall

Arab Today, arab today

Arab Today, arab today Sanofi confirms profit to fall

Paris - Arabstoday

French drugmaker Sanofi confirmed that earnings could decline by up to 15 per cent this year as top-selling drugs previously protected by patents, including blood thinner Plavix, are hit by competition from cheap copies. Sanofi expects to return to growth in subsequent years, thanks to emerging markets, diabetes, vaccines, animal health, its takeover of biotechnology company Genzyme and new products such as experimental multiple sclerosis drug Lemtrada. “Although as expected, Plavix will lose exclusivity in May in the US, the strong underlying performance of the business is consistent with our medium-term growth outlook,” Chief Executive Chris Viehbacher said in a statement on Friday. Sanofi said business earnings per share, which exclude items such as amortisation and legal costs, are expected to fall 12-15 per cent this year, reflecting a 1.4 billion-euro ($1.85 billion) dent from the loss of Plavix and blood pressure drug Avapro in the United States. Still, Viehbacher told reporters on a conference call that Sanofi did not “particularly need to do any” mergers or takeovers but that it would continue to look at bolt-on acquisitions. He declined to comment on possible interest in Amylin Pharmaceuticals or Human Genome Sciences, however. US biotech Human Genome Sciences, which rebuffed an unsolicited $2.6 billion takeover bid by British drugmaker GlaxoSmithKline, said on Tuesday it was reviewing strategic options that included a sale of the company. Amylin started reaching out to potential buyers earlier this month, according to sources familiar with the situation. Sanofi posted a 12.5 per cent rise in first-quarter business net income to 2.44 billion euros ($3.23 billion), driven by Genzyme, diabetes drug Lantus, consumer healthcare products and cost savings.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

sanofi confirms profit to fall sanofi confirms profit to fall

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

sanofi confirms profit to fall sanofi confirms profit to fall

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday