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Sanofi pins hopes on 2018 for growth after recent takeover deals

French drugmaker Sanofi CEO Olivier Brandicourt addresses the pharmaceutical group's general meeting in Paris on May 4, 2016.

Eric Piermont | AFP | Getty Images

French drugmaker Sanofi CEO Olivier Brandicourt addresses the pharmaceutical group’s common assembly in Paris on May four, 2016.

Sanofi expects 2018 to mark a return to growth on the again of two lately introduced acquisitions and a revamped pipeline, after it posted fourth-quarter income barely under expectations, harm by a cost for its dengue vaccine.

France’s largest drugmaker stated on Wednesday that it forecast earnings per share rising between 2-5 % at fixed change charges this yr, after a zero.four % drop in 2017.

Sanofi scored two huge takeover deals final month, agreeing to purchase U.S group Bioverativ for $11.6 billion and Belgium’s Ablynx for 3.9 billion euros ($4.8 billion).

The firm stated it had recorded an impairment of tangible belongings of 87 million euros associated to Dengvaxia, its dengue vaccine at present on the centre of a health scare within the Philippines, within the fourth quarter.

Sanofi revealed in November that Dengvaxia — the world’s first dengue vaccine — may improve the danger of extreme illness in individuals who had by no means been uncovered to the virus.

Fourth-quarter enterprise internet revenue fell 10.eight % at fixed trade charges to 1.33 billion euros. Total gross sales rose four.1 % to eight.7 billion euros.

Analysts polled by Reuters in partnership with Inquiry Financial had on common been anticipating enterprise internet revenue of 1.46 billion euros and internet gross sales of eight.7 billion.

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