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Loss of nearly $2 billion in 2011 from generic competition, 7,300 more layoffs to come
February 2, 2012
By: Tim Wright
Editor-in-Chief, Contract Pharma
AstraZeneca 4Q Revenues: $8.7 billion (flat) 4Q Earnings: $2.2 billion (-10%) FY Revenues: $33.6 billion (-2%) FY Earnings: $12.8 billion (+11%) Comments: Crestor sales were $1.8 billion in the quarter (+11%) and $6.6 billion for the year (+13%). Symbicort sales were $839 million (+13%) in the quarter and $3.1 billion for the year (+11%). Seroquel XR sales were up 27% in the quarter and year to $398 million and $1.5 billion, respectively. Onglyza sales were up 122% in the quarter to $71 mil...
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