Ipsen improves 2020 targets in confident investor update; CEO dismisses 'less French' concerns
French drugmaker Ipsen (Euronext: IPN) expects its annual sales to exceed 2.5 billion euros ($2.7 billion) in 2020, an increase of around 58% on its 2016 total of 1.58 billion euros.
The company’s focus on growth through further mergers and acquisitions activity was apparent at an investor day held in London on Thursday, when the improved 2020 financial targets were revealed to reflect recently-acquired assets.
"We are benefiting from a growing focus in oncology, which already represents almost 1 billion euros in sales, and from increasing geographical diversification, with a strengthening presence in the USA"
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