French pharma major Sanofi (Euronext: SAN) delivered a set of first-quarter financial results that seemed to satisfy markets Thursday, as its share price remained unchanged near close.
Sales for the quarter grew by 11% to 9.9 billion euros ($11.3 billion), with growth driven by a host of new product launches and the continuing rise of immunology drug Dupixent (dupilumab).
Business operating income, excluding one-off items, rose 20.1% to 2.9 billion euros, surpassing the average analyst estimate of 2.68 billion euros.
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Chairman, Sanofi Aventis UK
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