Financial News

Financial Report: Baxalta

1Q revenues up 10%

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By: Kristin Brooks

Managing Editor, Contract Pharma

Baxalta 1Q Revenues: $1.5 billion (+10%) 1Q Earnings: $145 million (-47%) Comments: Global hematology revenues were $843 million, up 8%. Growth was driven by the U.S. introduction of ADYNOVATE, an extended circulating half-life recombinant Factor VIII (rFVIII) treatment for hemophilia A, as well as heightened demand for ADVATE. Immunology sales were $653 million up 13% (excluding the impact of foreign exchange). Baxalta’s new oncology business recorded sales of $52 million in the quarte...

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