Roche posts strong profits on cancer drug sales
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Swiss pharmaceutical giant Roche reported Wednesday a better-than-expected 2007 net profit of 11.4 billion Swiss francs (10.4 billion dollars, 7.1 billion euros), boosted by cancer drug sales.
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Genentech Inc.  said second-quarter profit on Wednesday rose 41 percent, fueled by cost cutting and growth from its cancer drug Avastin.
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CVS Corp. , the No. 2 U.S. drugstore chain, posted a 2.7 percent rise in quarterly profit on Thursday, driven by strong sales of prescription medications and greater use of generic drugs, which are more profitable for pharmacies.
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Eli Lilly and Co.  on Friday  reported strong second-quarter earnings, fueled by strong  revenue growth of newer drugs, including an almost doubling of  sales for its Cymbalta depression treatment.
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Pfizer Inc  reported a higher-than-expected fourth-quarter profit on Wednesday, helped by lower taxes, a weak dollar and demand for drugs to treat nerve pain, kidney cancer and to help smokers kick the habit.
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Swiss drugmaker Roche beat forecasts  with a 37 percent rise in first-half net income to 4.543  billion Swiss francs ($3.62 billion), boosted by bumper growth  in its cancer drugs.
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German and Swiss drug makers Schering and Novartis are developing a new anti-cancer drug with annual sales potential of up to two billion euros (2.7 billion dollars), Schering chief Hubertus Erlen said.
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BASEL, Switzerland  - Net profits at Novartis AG  rose by a lower-than-expected 15 percent last year as  restructuring costs weighed, the company reported on Thursday,  but the world's sixth biggest drugmaker said it expects record  sales and profits in 2005.
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Johnson & Johnson  on Tuesday said second-quarter profit rose on higher sales of medical devices and prescription drugs, beating Wall Street expectations on especially strong demand in overseas markets.
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Biogen Idec Inc.  said on  Thursday that fourth-quarter earnings rose on higher sales of  its cancer and multiple sclerosis drugs.
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BASEL, Switzerland  - Profits at Roche Holding AG leapt 34 percent in 2006 on strong sales of cancer treatments Herceptin and Avastin and flu drug Tamiflu but worries over future margins hit the stock on Wednesday.
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Walgreen Co , one of the  largest U.S. drugstore operators, posted higher quarterly  profit on Friday, helped by higher sales and cost controls.
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Swiss pharmaceutical giant Roche has posted a record full year net profit of 9.2 billion Swiss francs (7.4 billion dollars, 5.7 billion euros) in 2006, but its shares fell in morning trading as investors opted for profit-taking.
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Pfizer Inc. said Wednesday that third quarter earnings, excluding charges, beat Wall Street expectations by a penny, on strong sales of Lipitor and Celebrex medicines.
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Pfizer Inc. , the world's largest drug company, on Wednesday said fourth-quarter earnings rose on strong sales of cholesterol treatment Lipitor and arthritis drug Celebrex.
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The drugmaker posted third-quarter net income of $1.53 billion as revenues increased by double digits, while lower  costs offset more spending on research and development.
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The drugmaker posted third-quarter net income of $1.53 billion as revenues increased by double digits, while lower costs offset more spending on research and development.