Sanofi pins hopes on 2018 for growth after recent takeover deals [Reuters]
BIOVERATIV INC COMMON (BIVV)
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Source: Reuters
Sanofi pins hopes on 2018 for growth after recent takeover deals | Reuters Reuters Staff 2 Min Read PARIS (Reuters) - Sanofi expects 2018 to mark a return to growth on the back of two recently announced acquisitions and a revamped pipeline, after it posted fourth-quarter profits slightly below expectations, hurt by a charge for its dengue vaccine. France’s largest drugmaker said on Wednesday that it forecast earnings per share growing between 2-5 percent at constant exchange rates this year, after a 0.4 percent drop in 2017. Sanofi scored two big takeover deals last month, agreeing to buy U.S group Bioverativ for $11.6 billion and Belgium’s Ablynx for 3.9 billion euros ($4.8 billion). The company said it had recorded an impairment of tangible assets of 87 million euros related to Dengvaxia, its dengue vaccine currently at the center of a health scare in the Philippines, in the fourth quarter. Sanofi revealed in November that Dengvaxia - the world’s first dengue vaccine - might increas
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