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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The US government on Tuesday awarded Sanofi-Aventis (SASY.PA: Quote, Profile, Research) a contract worth up to $41 million through 2008 to ensure that enough eggs are available for future flu vaccine production.
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The company posted first-quarter profit of $288.9 million as rising revenue offset higher ingredient costs and increased spending on marketing.
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PHILADELPHIA  â The Cigna Corporation, a health insurer, said on Wednesday that fourth-quarter profit rose 13 percent as growth in its overseas business and in its group disability and life operations helped to offset a slight decline in health care earnings.
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Abbott Laboratories, the maker of health-care products ranging from pediatric nutritional drinks to HIV tests, said third-quarter profit rose 15 percent as prescriptions climbed for its Humira rheumatoid-arthritis drug.
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Merck KGaA, the German drug and chemical company whose products include the multiple sclerosis drug Rebif and cancer treatment Erbitux, said Monday that its fourth-quarter profit soared to nearly $5 billion as it reaped the benefits of its acquisition of Serono and the divestiture of its generic drug unit.
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Gilead Sciences Inc. GILD.O on  Thursday reported higher quarterly net profit on increased  sales of its HIV drugs.
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UnitedHealth Group Inc. on Thursday  said quarterly profit jumped nearly 46 percent as medical costs  stabilized, and the No. 2 health insurer also boosted its 2005  forecast.
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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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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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Merck & Co. on Monday said second-quarter earnings rose on higher sales of its new vaccines and medicines, and the company raised its 2007 profit forecast amid continuing strong demand for the medicines.
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The U.S. government on Tuesday awarded Sanofi-Aventis  a contract worth up to &#36;41 million through 2008 to ensure enough eggs are available for future flu vaccine production.
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LONDON (CBS.MW) -- European drugmakers Novartis, Schering and Sanofi-Aventis on Thursday all posted rising third-quarter sales, helped by sales lifts in the companies&#39; key products.
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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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Pharmaceutical group Sanofi-Synthelabo said it had increased net profit in the first half of the year by 20.6 percent from the same period last year to 1.138 billion euros (1.38 billion dollars).
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Health insurer WellPoint Inc  said on Wednesday that third-quarter profit rose 7 percent, helped by higher membership and improved control of operating costs.
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The company said it earned $256 million in the first quarter, tied to the performance of its Latin American business, and it raised its forecast for the year, sending shares up.