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Earnings down due to generic competition
November 3, 2011
By: Tim Wright
Editor-in-Chief, Contract Pharma
Sanofi 3Q11 2Q Revenues: €8.8 billion (+5%) 2Q Earnings: €2.4 billion (-3%) YTD Revenues: €24.9 billion (+1%) YTD Earnings: €4.3 billion (-15%) Comments: Pharmaceutical sales were €6.9 billion in the quarter (+10%). Lantus sales were up 14% to €968.0 million. Eloxatin sales were €310.0 million, up 179%. Taxotere sales were down 65% to €186.0 million and Lovenox sales were down 16% to €494.0 million, due to generic competition. Genzyme sales were €768.0 million, up 7% and accounted for 69% o...
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