UCB profits up 23% in 2000

10 April 2001

UCB reports that full-year pretax profits rose 23% to 2.2 billioneuros ($1.99 billion), with pharmaceutical sales increasing 27% to 1.15 billion euros. The drug sector, which saw an increase of 31% in pretax profits to 209 million euros, was driven by the strong performance of the antihistamine Zyrtec (cetirizine) and its follow-up drug Xyzal (levocetirizine). The Belgian company said that prospects for full-year 2001 are good, with sales and earning growth also being driven by its new anti-epileptic drug Keppra (levetiracetam) in the USA and Europe. R&D expenditure last year amounted to 182 million euros compared to 173 million euros in 1999.

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