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Revenues up 3% in the quarter, earnings hurt by generics
February 7, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
Sanofi 4Q Revenues: $11.3 billion (+3%) 4Q Earnings: $578.8 million (earnings were $1.9 billion in 4Q11) FY Revenues: $46.2 billion (+7%) FY Earnings: $6.8 billion (-12%) Comments: Pharmaceutical sales were $9.3 billion in the quarter, down 5% due to generic competition and EU austerity measures. Sales lost due to generic competition on main legacy products were $659.4 million, primarily due to declining sales of Eloxatin (-80%), Lovenox (-13%) and Aprovel (-34%). Plavix sales were down 69...
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