Sanofi Reports 10% Rise in Profit
Sanofi-Aventis-Logo

French drugs company Sanofi-Aventis on Wednesday announced its plans to continue with acquisitions and concentrate on small- and midsize targets, as it witnessed a 10% rise in fourth-quarter net profit, triggered by sales of its key drugs, including Lantus and Lovenox, as well as an extra boost from vaccines.

Sanofi is focused on buying generic-drug makers in emerging markets and consumer-health companies, Chief Executive Officer Chris Viehbacher, 49, said today in Paris.

Net profit for the last quarter of 2009 is revealed to rise to EUR1.8 billion from EUR1.63 billion a year earlier, surpassing analyst estimated for EUR1.76 billion.

The company is reported to have spent $9 billion on numerous acquisitions since joining the company in 2008, looking outside the company's labs for new products as generic versions of cancer treatment Eloxatin and blood-thinner Plavix hurt sales.

The drugs contribute for above 20 percent of revenue face competition by 2013. Sanofi is reported to have concluded a $1.9 billion offer to buy Chattem Inc., the U. S. maker of Gold Bond medicated powder.

Viehbacher reflected that the company expects its cancer treatment BSI-201, which grabbed fast-track status for approval with U. S. authorities, to be filed with authorities there at the end of this year or early next year.

Latest News

Father Shoots Girl’s Laptop, Posts Video on Youtube
Apple Begins Inspection
Researchers Blame Technological Advancements For Kids’ Poor Sleeping Pattern
The Google Motorola Deal Approved By US and EU
Replace Sugary Drinks with Water to Lose Weight
NASA Scientists Develop New Space Testbed
Scientists Expecting Life at Icy Dark and Cold Regions
Mysteries Behind Milky Way Galaxy To Be Unveiled
Scientific Equation behind the Shape of Ponytail Unveiled
Cooma People Encouraged To Donate Blood
Knox Receives Less Dental Care Funding
Massive Fight in Sydney Club