Jan 30 - French drugmaker Sanofi reported a
fourth-quarter profit that came in-line with analysts' estimates
on Thursday, and said it would buy back 5 billion euros ($5.21
billion) in shares this year as it seeks to build investor
confidence in its drug pipeline.
Sanofi, one of the world's largest maker of vaccines and a
leader in anti-inflammatory drugs, also said it expects sales to
grow by a mid-to-high single-digit percentage in 2025, at a time
the company transitions into a pure-play drugmaker.
Sanofi is close to selling a 50% stake in its consumer
health business Opella to investor Clayton Dubilier & Rice, and
said it expects the deal to close in the second quarter at the
earliest.
Quarterly business operating income, excluding one-off
items, fell by 7.7% to 2.08 billion euros but met the average
analyst estimate in a poll posted on the company's website.
Sales of its blockbuster asthma drug Dupixent rose 16% to
3.46 billion euros, compared to 3.61 billion euros expected on
average by analysts in a company-provided poll. The company said
sales growth had been hit by fewer business days in the quarter
compared to prior periods.
Investor expectations have been high for the
anti-inflammatory drug, on which Sanofi partners with Regeneron
, after it gained approval for a common lung condition
called chronic obstructive pulmonary disease in September.
Sales of Beyfortus, a new treatment to protect newborns from
a common respiratory virus, more than doubled to 841 million
euros, beating estimates of 648 million euros.
Vaccines sales rose a currency-adjusted 10.8% to 2.18
billion euros in the quarter, ahead of a 1.91 billion euro
analyst consensus.
($1 = 0.9602 euros)