NJ.com: Business - Mar 09, 2010Sanofi-Aventis S.A. (SAN)
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Les Funtleyder
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Miller TabakThe joint venture is expected to generate at least $5.3 billion in annual revenues that will be unaffected by patent expirations or the complexity of government reimbursements. "This achieves one of our main objectives, which is to achieve more sustainable growth,'' said Christopher Viehbacher, chief executive officer of
Sanofi Aventis. Viehbacher said the joint venture would help reduce the overall risk for both drug makers by helping to move the business away from its traditional dependence on "the cyclical boom bust of small molecule blockbuster'' prescription medicines. Industry analysts agreed.
"(Animal health) is a good business that isn't open to some of the same vicissitudes that you get from traditional pharma,'' said Les Funtleyder, an analyst with Miller Tabak in New York City.
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The joint venture is expected to generate at least $5.3 billion in annual revenues that will be unaffected by patent expirations or the complexity of government reimbursements. "This achieves one of our main objectives, which is to achieve more sustainable growth,'' said Christopher Viehbacher, chief executive officer of <span class="company">Sanofi Aventis</span>. Viehbacher said the joint venture would help reduce the overall risk for both drug makers by helping to move the business away from its traditional dependence on "the cyclical boom bust of small molecule blockbuster'' prescription medicines. Industry analysts agreed.<span class="sent"> "(Animal health) is a good business that isn't open to some of the same vicissitudes that you get from traditional pharma,'' said <span class="analyst">Les Funtleyder</span>, an analyst with Miller Tabak in New York City.</span>
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