Sanofi shares jump as Dupixent does it again
French drugmaker Sanofi (Euronext: SAN) was trading more than 3% higher during Thursday afternoon’s trading in Paris, as the company earlier announced its financial results for the second quarter of 2024, and its latest forecasts for the rest of the year.
Sales for the quarter grew by 7.8% to 10.75 billion euros ($11.7 billion), driven by a 29% rise in sales of the mega blockbuster immunology product Dupixent (dupilumab). Bringing in 3.3 billion euros in a quarter was a new high, and the drug remains on course to generate revenue this year of around 13 billion euros.
'Progress in our pipeline'
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