Pharmalot… Pharmalittle… Your Earnings

Make a comment

tea1.jpgYes, this is one of those days when a barrage of numbers comes streaming from drugmakers. To help you get started, here are a few summaries, although you can read the full reports by clicking the appropriate link….

Wyeth reported higher-than-expected second-quarter earnings on strong drug sales, and raised its profit forecast for the year. Profits totaled $1.2 billion, or 87 cents per share, up from $1.06 billion, or 78 cents. Excluding special items, Wyeth earned 90 cents, beating estimates of 87 cents. Revenue rose 10 percent to $5.65 billion. Drug sales rose 11 percent to $4.75 billion. Meanwhile, Wyeth says 7 products may be launched in the next 18 months.

Roche reported a 24 percent increase in first half-net income, thanks to strong sales of its cancer drugs, Avastin and Herceptin. The drug maker says net profit increased to $4.1 billion in the six months ended June 30. Roche also expects both drug and diagnostics to grow at a faster pace than their respective markets.

Ranbaxy Laboratoriessays profit doubled in the second quarter thanks, in part, rising demand for generics. Profit rose to $65.5 million, and group revenue increased by 12 percent. “On a global basis, we will be launching close to 100 products in the second half of this year,” ceo Malvander Singh told reporters.

Jump to comments

Share

Comments are closed.

Subscribe

RSS Feed

Comments feed for this post only.

Tags

Clear

Clear

© 2007- 2008 Newark Morning Ledger Co.  All Rights Reserved.

Thanks for trying out the new Pharmalot printing tools. If you're got any suggestions for how we can help you print better, please let us know by clicking on the contact link at http://www.pharmalot.com/