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Dupixent and vaccines lift Sanofi first-quarter results

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Dupixent and vaccines lift Sanofi first-quarter results
Dupixent and vaccines lift Sanofi first-quarter results   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions -
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PARIS (Reuters) – Sanofi confirmed its 2021 targets on Wednesday after it posted stronger-than-expected results in the first quarter, helped by sales of its star eczema treatment Dupixent and vaccines.

The French drugmaker, which stunned investors last year with a delay of a COVID-19 vaccine candidate it is developing with Britain’s GlaxoSmithKline, said it expected results of a phase II study evaluating the shot next month.

Sanofi has since tried to appease critics with deals to fill and pack millions of doses of vaccines made by Pfizer/BioNTech, Johnson and Johnson and Moderna.

It is also teaming up with U.S. company Translate Bio to bring a second COVID-19 vaccine of its own to the market that it hopes will be ready next year.

Sanofi’s first-quarter net income was up 14.7% at 2.017 billion euros ($2.43 billion) at constant exchange rates. Revenue rose 2.4% to 8.6 billion euros.

While sales of speciality care, which include revenue of Dupixent, and vaccines grew by 15.3% and 5.3%, respectively, revenue of the consumer healthcare unit fell by 7.3% as a result of lower sales of cough and cold season products.

($1 = 0.8284 euros)

(Reporting by Matthias Blamont; Editing by Christian Schmollinger and Krishna Chandra Eluri)

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