Breaking News, Financial News

Genzyme

1Q results weighed down by Allston troubles.

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Genzyme 1Q10 1Q Revenues: $1.1 billion (-7%) 1Q Loss: $115 million (earnings of $196 million in 1Q09) Comments: Revenues were impacted by the shutdown of the Allston manufacturing facility. Cerezyme sales were down 40% to $179 million. Fabrazyme sales dropped from $122 million to $53 million. Myozyme sales were up 28% to $86 million. For more on the company’s consent decreee with the FDA , see this story....

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters