Sanofi CEO: No Need For Huge Merger - Report
30 10월 2009 - 8:29PM
Dow Jones News
French drugs company Sanofi-Aventis (SNY) doesn't need to launch
itself into a mega-merger in order to survive, French daily Le
Monde reports Friday in an advance copy, citing an interview with
Chief Executive Chris Viehbacher.
Cost savings and a focus on vaccines, diabetes, over-the-counter
drugs, innovative products and emerging markets will allow the
company to overcome the loss of business from patent expiries, and
match sales and profits in 2013 to those of 2008, he said.
"We aren't in a situation of urgency. We don't have to launch a
mega merger in order to survive," he said, Le Monde reports.
Newspaper Web site: www.lemonde.fr
-By Paris Bureau, Dow Jones Newswires; 33-1-4017 1740