Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UPDATE 1-BioMerieux ends colon cancer work with ExonHit

Published 03/08/2010, 01:08 AM
Updated 03/08/2010, 01:16 AM

* 2009 operating margin rises to 17.4 percent

* Maintains 2010 target of 17-18 percent

* Aims for 18-20 percent by 2015 (Adds 2015 target)

PARIS, March 8 (Reuters) - French pharmaceutical groups BioMerieux and ExonHit said on Monday they were ending their collaboration on colon cancer, but would continue to work together on prostate cancer.

BioMerieux said its 2009 operating income rose 9.5 percent to 204 million euros ($277.1 million), on sales that increased 10.2 percent to 1.223 billion euros.

It said it aimed for 2010 sales growth of some 7 percent and an operating margin of 17-18 percent, against 17.4 percent for 2009.

For 2015, it aims for annual sales growth of 7-9 percent and an operating margin of 18-20 percent.

(Reporting by Marcel Michelson)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.