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Foreign exchange hurts results
October 13, 2011
By: Tim Wright
YTD Revenues: 31.5 billion (-13%) Comments: Group sales were down -12%, excluding Tamiflu. Pharmaceutical sales were 24.4 billion (-14%). Herceptin sales were up +8% and MabThera/Rituxan, up +7%. Lucentis sales were up 26%. Actemra sales jumped +86%. Professional Diagnostics business revenues were up 9%. Foreign exchange negatively impacted results by -13% due to appreciation of the Swiss franc. All numbers reported in CHF
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