Please login to the form below

Not currently logged in
Email:
Password:

Sanofi sees profit slide in Q2

Sanofi has recorded a 13 per cent decline in net income for the second quarter of 2011 despite a boost from recently acquired Genzyme

Sanofi has reported a 13 per cent fall in net income to €2.15bn for the second quarter of 2011 following increased generic competition.

The company's total sales grew by 7 per cent to €8.3bn in the second quarter of the year. However, excluding Genzyme, sales fell by 4 per cent, reflecting sales lost to generic competition. Sales in the US rose by 3 per cent, Western European sales increased by 1 per cent and emerging market sales rose by 12 per cent.

The company's generics business recorded sales of €434m in the second quarter, an increase of 18 per cent.

Christopher Viehbacher, CEO, said: "As expected, the second quarter is the most challenging this year, given the level of generic competition. Against this, growth platforms continue to perform well and strong progress has been achieved in the integration of Genzyme and Merial."

The company reported that at as of the end of July, its R&D portfolio comprised 65 new molecular entities projects and vaccines in clinical development of which 17 are in phase III or have been submitted to the health authorities for approval.

28th July 2011

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Cello Health

Cello Health’s mission is to help our clients unlock the potential that exists with their assets, brands and organisations in...

Latest intelligence

Londonvelophobia (fear of cycling in London) – debunked
...
How Helpful are Simple Health Messages?
...
Omni-Channel.jpg
Omni-empathy
So, we’ve arrived. Our work has stepped beyond multichannel to omnichannel. We can be and in fact are everywhere, all the time. We are omni-present. We are God. Or are...

Infographics