Good Profits Performance Expected At Sanofi

23 July 1995

Group sales in the first six months of 1995 at Sanofi are expected to rise around 5% and net profits should increase 15%-20% to between 530 million French francs and 550 million francs ($113.3 million), according to Mark Tracey and Paul Krikler at Goldman Sachs International.

They say that the key factors driving growth at Sanofi are: strong domestic pharmaceutical performance, expected to be 9%-10%; significant cost savings following the Sterling integration; absence of some loss-making perfume brands, which have been divested; strong performances from Yves Saint Laurent and Yves Rocher; and improving results from the group's diagnostics business.

Focus On Skelid The analysts suggest that Sanofi has "one of the most promising" medium-term pharmaceutical pipelines in the industry, and they are closely monitoring the developments in the USA Merck's Fosamax (alendronate; see page 18), a treatment for osteoporosis. Sanofi has a similar product, Skelid (tiludronate) in Phase III of development. A Food and Drug Administration advisory committee has unanimously recommended approval of Fosamax for use in the treatment of osteoporosis.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight