Sanofi lifts profit outlook as Dupixent sales surge over 43%

Sanofi logo at the company’s headquarters during the annual results news conference in Paris, France, February 4, 2022. REUTERS/Benoit Tessier/

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July 28 (Reuters) – French healthcare group Sanofi (SASY.PA) lifted its full-year earnings outlook on continued strong sales growth for its bestselling drug Dupixent.

In a statement on Thursday, Sanofi said it now expects 2022 adjusted earnings per share to grow by about 15%, excluding the effect of currency swings. It had previously predicted low double-digit percentage growth.

Sanofi’s second-quarter business operating income, or adjusted earnings before interest and tax, rose 21.5% to 2.75 billion euros ($2.81 billion), also helped by a strong US dollar, surpassing the average analyst estimate of 2.66 billion euros posted on the company’s website .

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In March, the French group said peak annual sales of Dupixent, jointly developed with Regeneron (REGN.O), would be more than 13 billion euros, up from a previous target of more than 10 billion euros. read more

Revenue from the anti-inflammatory treatment Dupixent jumped 43.4% to 1.96 billion euros in the reported quarter, beating analyst consensus of 1.86 billion euros, on prescriptions in dermatitis, asthma and certain nasal infections.

($1 = 0.9800 euros)

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Reporting by Ludwig Burger; Editing by Sherry Jacob-Phillips

Our Standards: The Thomson Reuters Trust Principles.

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