Sandoz reports strong third-quarter 2024 sales
Swiss biosimilars and generics group Sandoz (SIX: SDZ) today reported net sales for the third quarter ended September 30, 2024. The company’s shares rose 2.7% to 39.18 francs following the announcement.
Net sales for the third quarter were $2.6 billion, up 12% in constant currencies, compared to the third quarter of 2023. Volume contributed 13 percentage points of growth. This was partially offset by price erosion of 1 percentage point. Biosimilars were the key driver of growth in the quarter, while generics experienced solid demand. Growth accelerated in both businesses.
Net sales for the third quarter were $1.9 billion, up 4% in constant currencies, compared to the third quarter of 2023.
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