Sanofi shares hurt by conservative 2023 forecast

3 February 2023

French drugmaker Sanofi (Euronext: SAN) looked set to close Friday’s trading 2% down after presenting its latest financial results and outlook for 2023.

The results for both the fourth quarter and entirety of 2022 showed healthy levels of growth, but Sanofi’s forecast for the year ahead left investors unimpressed.

"Dupixent (dupilumab) and vaccines continue to be our leading growth drivers"

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Chairman, Sanofi Aventis UK