Company News from the 10/31/06 News Brief

Share this article:
Hit by generic competition to blood thinner Plavix (clopidogrel) in the US and by measures to curb healthcare costs in France and Germany, Sanofi-Aventis said profits slipped 12% in the third quarter. Sales fell 4.2% to $8.8 billion after the Aug. 8 launch of generic clopidogrel by Canadian generics firm Apotex. The Paris-based firm said reforms in France and Germany put pressure on doctors to curb prescriptions, and some products were harmed by parallel imports. Still, it saw increased sales of inline products Lovenox (stroke), Taxotere and Eloxatin, both for cancer, as well as for Ambien (insomnia) and Lantus (diabetes). Obesity drug Acomplia (rimonabant), which has launched in seven European countries, rang up third-quarter sales of $14 million. The drug is under review by the FDA, and Sanofi-Aventis said it submitted a complete response this month to the agency’s approvable letter, issued in February.
Share this article:
You must be a registered member of MMM to post a comment.
close

Next Article in Business Briefs

Email Newsletters

More in Business Briefs

FDA lifts OncoMed partial hold

The FDA froze the clinical trial of anti-Fzd7 vantictumab in July over concern about "bone-related adverse events."

Research links estrogen and binge eating

Baylor College of Medicine researchers have found that an estrogen replacement suppressed binge-eating behavior among lab mice.

Apple selfies spur diabetes donations

Jazz apples has launched a Crunch to Contribute campaign to raise money for one of two diabetes associations.