Sanofi-Aventis Profit Up 31%
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Net profit in the fourth quarter rose to 753 million euros ($1.09 billion), helped by sales of the blood-thinner Plavix in the United States and cost-cutting measures, the company said.
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Profit rose 34 percent, bolstered by AOL asset sales in Europe, a rise in digital cable and phone customers, and online advertising sales.
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The drug maker said net income rose 6 percent to $926.3 million and it raised its outlook for the year.
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Insurer UnitedHealth Group Inc.  said on Thursday that second-quarter profit rose, helped by higher premium revenue and favorable operating margins.
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Genentech Inc.  on Wednesday said second-quarter profit rose 41 percent, fueled by growth from key cancer drugs Avastin and Rituxan, and it boosted its full-year profit forecast.
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Drug makers Pfizer Inc. and Sanofi-Aventis on Tuesday posted positive results from mid-stage trials of an inhaled insulin product for diabetics.
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PARIS Sanofi-Aventis shares rose Monday after the French-German drugmaker reported a clinical study showing its experimental anti-obesity drug succeeded in helping people lose weight.
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Health insurer WellPoint Inc  said on Wednesday that third-quarter profit rose 7 percent as membership increased.
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Health insurer WellPoint Inc   said on Wednesday that third-quarter profit rose 7 percent as  membership increased.
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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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The Swiss pharmaceuticals giant Roche, manufacturer of anti-flu drug Tamiflu, said its first-half net profit had increased by 37 percent to 4.54 billion Swiss francs (2.9 billion euros, 3.62 billion dollars).
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Gallaher Group Plc, the UK maker of Benson &amp; Hedges and Silk Cut cigarettes, said first-half profit rose 31 percent as the company sold more tobacco in Eastern Europe.
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Humana posted sharply higher quarterly profit, above Wall Streetâs average estimate, on strength in Medicare health plans for the elderly and its plans for employers.
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The U.S. government on Tuesday  awarded Sanofi-Aventis a contract worth up to $41 million  through 2008 to maintain a supply of eggs year-round that could  be used in flu vaccine production.
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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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The drug maker Sanofi-Aventis said its fourth-quarter profit fell 4.6 percent under pressure from European health care reforms and generic competition for its blockbuster medicines. It said earnings would be flat this year. The company, which is based in Paris, declined to comment on reports that it had discussed a merger with Bristol-Myers Squibb. Net profit at Sanofi-Aventis fell to 1.38 billion euros ($1.79 billion) in the fourth quarter from 1.44 billion euros a year earlier. Sales increased 5 percent, to 7.36 billion euros ($9.53 billion) from 7.01 billion euros.
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Merck & Co.  said on Monday that quarterly earnings rose 12 percent on strong demand for its newer vaccines and medicines, and raised its 2007 profit forecast, sending its shares up 4 percent.