EUROPEAN: bourses put in a mixed showing in the week to May 11, with only small up or down movements in the largest markets, despite gyrating through the period. PARIS, saw the CAC 40 rise just 0.3%, with a strong outperformance from Ipsen, which gained 1.9% after posting strong first-quarter results (Marketletter May 11). Sanofi-Aventis gained just 0.5%. With the Xetra Dax down 0.7% in FRANKFURT, there was an 8.4% slump for Merck KGaA, despite the company reporting positive results for its oral cancer drug cladribine (Marketletter May 11). Drug majors Novartis and Roche both underperformed in ZURICH, falling 3.4% and 2.8%, respectively. The latter was not helped by the news that the US Food and Drug Administration had issued an alert that the firm's cancer drug Tarceva (erlotinib) caused gastrointestinal perforations, nor did it benefit from FDA approval the previous week of its Avastin (bevacizumab) in progressive glioblastoma.
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.
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
A Vienna-based pharmaceutical company specializing in the commercialization and distribution of innovative medicines across Central and Eastern Europe, the Middle East, and North Africa.
Stock Commentary - Europe - week to may 11, 2009
EUROPEAN: bourses put in a mixed showing in the week to May 11, with only small up or down movements in the largest markets, despite gyrating through the period. PARIS, saw the CAC 40 rise just 0.3%, with a strong outperformance from Ipsen, which gained 1.9% after posting strong first-quarter results (Marketletter May 11). Sanofi-Aventis gained just 0.5%. With the Xetra Dax down 0.7% in FRANKFURT, there was an 8.4% slump for Merck KGaA, despite the company reporting positive results for its oral cancer drug cladribine (Marketletter May 11). Drug majors Novartis and Roche both underperformed in ZURICH, falling 3.4% and 2.8%, respectively. The latter was not helped by the news that the US Food and Drug Administration had issued an alert that the firm's cancer drug Tarceva (erlotinib) caused gastrointestinal perforations, nor did it benefit from FDA approval the previous week of its Avastin (bevacizumab) in progressive glioblastoma.
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 accountTry before you buy
Free
7 day trial access
Become a subscriber
£820
Or £77 per month
Chairman, Sanofi Aventis UK
Company News Directory
Companies featured in this story
Sign up to receive email updates
Join industry leaders for a daily roundup of biotech & pharma news
Today's issue
Company Spotlight
| Headless Content Management with Blaze