UPDATE 1-Sanofi pins hopes on 2018 for growth after recent takeover deals [Reuters]
BIOVERATIV INC COMMON (BIVV)
Last bioverativ inc common earnings: 2/13 04:15 pm
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Source: Reuters
Sanofi pins hopes on 2018 for growth after recent takeover deals | Reuters 3 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 forecast on Wednesday earnings per share (EPS) growing between 2-5 percent at constant exchange rates this year, after a 0.4 percent drop in 2017. The group should also benefit from U.S. President Donald Trump’s decision to cut the U.S. corporate rate to 21 percent from 35 percent, and Sanofi predicted its tax rate to stand around 22 percent in 2018 as a result of the reform. Sanofi scored two big takeover deals last month, agreeing to buy U.S hemophilia specialist Bioverativ for $11.6 billion and Belgium’s Ablynx, which is developing a prized experimental drug for a rare blood disorder, for 3.9 billion euros ($4.83 billion). Th
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