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Genzyme and vaccines push up Sanofi's first-quarter results

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Genzyme and vaccines push up Sanofi's first-quarter results
FILE PHOTO: The Sanofi logo is seen at the company's Sanofi Pasteur headquarters in Lyon, France, October 26, 2015. REUTERS/Robert Pratta/File Photo   -   Copyright  Robert Pratta(Reuters)
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PARIS (Reuters) – Sanofi upheld a long-awaited return to growth on Friday with higher profits and revenues for the first quarter, once again led by a stellar 31 percent sales increase at its rare diseases Genzyme unit.

The French drugmaker, which also posted a strong sales increase at its vaccines division confirmed its full-year outlook.

Net income rose 9 percent to 1.77 billion euros (£1.5 billion) at constant exchange rates in the first quarter on sales of 8.4 billion. Analysts polled by Reuters with Infront Data had forecast average net income of 1.67 billion euros and sales of 8.36 billion.

(Reporting by Matthias Blamont; Editing by Sudip Kar-Gupta)

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