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1Q results weighed down by Allston troubles.
April 22, 2010
By: Tim Wright
Genzyme 1Q10 1Q Revenues: $1.1 billion (-7%) 1Q Loss: $115 million (earnings of $196 million in 1Q09) Comments: Revenues were impacted by the shutdown of the Allston manufacturing facility. Cerezyme sales were down 40% to $179 million. Fabrazyme sales dropped from $122 million to $53 million. Myozyme sales were up 28% to $86 million. For more on the company’s consent decreee with the FDA , see this story.
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