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Generic competition continues to hurt revenues
May 2, 2013
By: Tim Wright
Sanofi 1Q Revenues: €8.1 billion (-5%) 1Q Earnings: €1.6 billion (-36%) Comments: Diabetes sales grew 20% to €1.5 billion driven by Lantus. Consumer Healthcare sales were €811 million, up 3%. Vaccines sales increased 16% to €697 million driven by pediatric and flu vaccines. Genzyme sales grew 26% to €493 million, reflecting the recovery of Fabrazyme and the launch of Aubagio. Loss of exclusivity of Plavix, Avapro, and Eloxatin impacted earnings.
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