Tag Archives: sny

Sanofi’s Bullish Pipeline Forecast Underwhelms Street

French big pharma Sanofi laid out its seven-year plan for drug launches, which it says will bring in a cumulative 30 billion euros ($37.6 billion) in their first five years of sales. But Sanofi stock slipped 3% in early trading on the stock market today, as its diabetes outlook was soft. Sanofi (SNY) issued its update in a press release ahead of its IR Thematic Seminar on New Medicines, in which it sought to reassure investors after it fired its

Sanofi Axes CEO, Hit By Multiple Downgrades

Big French pharma Sanofi (SNY) fired its CEO Wednesday, pushing its stock down sharply for the second day in a row and sparking a slew of downgrades on Wall Street. Sanofi’s (SNY) board issued a short statement saying that it had voted unanimously to remove Christopher Viehbacher after six years in office and that Chairman Serge Weinberg will take over the job until the firm finds a permanent replacement. On Wednesday morning, Weinberg hosted a

French Drugmaker Sanofi Warns Of Tougher Competition

Stock in Sanofi fell Tuesday after the French drugmaker warned that sales of its diabetes products face a more challenging environment due to mounting competition in the U.S. The warning comes amid tension at the top of the company. On Monday, Sanofi (SNY) CEO Chris Viehbacher asked for, but did not receive, confirmation of the support of Chairman Serge Weinberg and the board, Reuters reported. According to the report, directors say that