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Bayer Reports 2022 Sales Growth, Highlights New Drug Performances
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Germany-based Bayer (ETR: BAYN) released its 2022 annual report this week, revealing a global sales growth of 8.7% year-on-year (YOY) in constant exchange rate and portfolio-adjusted terms, reaching EUR 50.7 billion (USD 53.8 billion). The report highlights significant performances across its business segments, particularly in Pharmaceuticals and Consumer Health. Pharmaceuticals…
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Junshi Biosciences Reports 2022 Preliminary Earnings with Revenue Decline
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China-based Junshi Biosciences (HKG: 1877, SHA: 688180) has released its 2022 preliminary earnings estimate, indicating RMB 1.45 billion (USD 209.57 million) in revenues, down 63.89% year-on-year (YOY). The significant decline in revenues is attributed to the loss of licensing income and royalties from the COVID-19 antibody etesevimab (JS016/LY-CoV016), which was…
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Organon Reports Q4 and Full-Year 2022 Financials with Revenue Declines
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US-based Organon Inc. (NYSE: OGN) has released its Q4 and full-year 2022 financial results. Global revenues fell 7% year-on-year (YOY), but were up 1% when excluding foreign exchange effects, reaching USD 1.485 billion in Q4. Over the 12-month period, global revenues dipped 2% (or +4% excluding FX) to USD 6.2…
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AstraZeneca Reports Q4 and Full-Year 2022 Results with Strong Revenue Growth
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UK-based multinational AstraZeneca Plc (AZ, NASDAQ: AZN) has released its financial results for the Q4 and full-year 2022 periods. The firm continues to expand at a rapid pace, with total global revenues up 25% year-on-year (YOY) to USD 44.35 billion. This growth is a testament to AstraZeneca’s strong pipeline and…
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Siemens Healthineers Reports Q1 Revenue Drop Amid COVID-19 Impact
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Germany-based medical device giant Siemens Healthineers AG has released its fiscal year 2023 Q1 financial report for the three-month period ending December 31, 2022. Global revenues were down 4.5% to EUR 5.077 billion (USD 5.5 billion), primarily reflecting the slowing demand for COVID-19 antigen testing. Business Group PerformanceExcluding COVID-19 antigen…
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Astellas Pharma Reports Strong Q3 Results with 17.3% Revenue Growth
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Japan-based Astellas Pharma Inc. (TYO: 4503) has released its financial report for Q3 of its fiscal year 2022, which ended December 31, 2022. The firm’s global revenues over the 9-month period reached JPY 1.164 trillion (USD 8.79 billion), marking a 17.3% year-on-year (YOY) growth. Top Performers and Sales DataAstellas’ top…
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Gilead Sciences Reports Q4 and Full-Year 2022 Financial Results
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US major Gilead Sciences, Inc. (NASDAQ: GILD) last week reported Q4 and full-year 2022 financial results. Global Q4 sales reached USD 7.4 billion, up 2% year-on-year (YOY), while full-year revenues topped USD 27.3 billion, flat with the previous year. Gilead issued guidance for 2023 product sales to range from USD…
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Sanofi Reports Strong Q4 and Full-Year 2022 Financials with 7% Growth
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France’s Sanofi (EPA: SAN) released its financial report last week, showing turnover during Q4 and full-year 2022 at EUR 10.7 billion (USD 11.6 billion) and EUR 43.0 billion (USD 46.4 billion) respectively. This represents year-on-year (YOY) growth of 2.6% and 7.0% at constant exchange rates (CER). The results highlight Sanofi’s…
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Amgen Reports Q4 and Full-Year 2022 Financials with Global Sales Growth
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US major Amgen (NASDAQ: AMGN) has released its Q4 and full-year 2022 financials. Global sales were up 3% year-on-year (YOY) to USD 26.3 billion, excluding foreign exchange impacts. In Q4, sales were relatively flat at 2%, reaching USD 6.8 billion. This performance reflects Amgen’s continued strength in key therapeutic areas…
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GSK Reports Strong Q4 and Full-Year 2022 Financials Amid Strategic Shift
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UK-based GlaxoSmithKline plc (NYSE: GSK) has released its financial report for Q4 and the full-year 2022, revealing strong performance since spinning off its consumer health division last year. The strategic shift in focus to vaccines and specialty medicines produced 13% year-on-year growth in global sales to GBP 29.3 billion (USD…
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Roche Reports 2% YOY Growth in 2022; Ocrevus and Hemlibra Drive Sales
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Swiss pharmaceutical giant Roche (SWX: RO) released its 2022 financial report this week, recording CHF 63.3 billion (USD 69.5 billion) in global sales. The company achieved a modest 2% year-on-year (YOY) growth at constant exchange rates (CER), impacted by lower COVID-19-related sales across both its Pharmaceuticals and Diagnostics divisions. Pharmaceuticals…
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Merck & Co. Posts 22% YOY Sales Growth; Keytruda and Gardasil Drive Revenues
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Merck & Co. (NYSE: MRK) has released its Q4 and full-year 2022 financial report, showcasing a robust performance with 22% year-on-year (YOY) growth in annual global sales to USD 59.3 billion. Excluding sales of COVID-19 therapy Lagevrio (molnupiravir) and foreign exchange impacts, growth was 15%. However, Q4 performance saw a…
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Takeda Posts Strong Q3 Results, Announces Pipeline Advances in Oncology and Rare Diseases
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Japan-based pharmaceutical giant Takeda (TYO: 4502, NYSE: TAK) has announced its financial results for the third quarter of the fiscal year 2022, ending December 31, 2022. The company reported a 13.9% year-on-year (YOY) increase in global revenues to JPY 3,071 billion (USD 23.882 billion). Core revenues, excluding currency exchange impacts,…
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GenScript’s CAR-T Therapy Carvykti Achieves $55M in Sales, Awaits China Approval
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China-based Contract Research Organization (CRO) GenScript Biotech Corporation (HKG: 1548) has announced that sales of its subsidiary company Legend Biotech Corporation’s (NASDAQ: LEGN) BCMA-directed chimeric antigen receptor T cell (CAR-T) therapy, Carvykti (ciltacabtagene autoleucel), reached USD 55 million as of December 31, 2022. This figure, yet to be independently audited,…
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Innovent Biologics Posts Strong Q4 Revenues Amid COVID-19 Challenges
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Innovent Biologics Inc. (HKG: 1801) announced product revenues of RMB 1 billion (USD 148.2 million) during Q4 2022. Despite COVID-19 disruptions impacting sales, the company managed to offset these challenges with strong performances from new products and its anti-tumor drug Cyramza (ramucirumab), which was launched during the period. Innovent expects…
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Eli Lilly Reports Q4 Financials with COVID-19 Impact and Market Performers
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Eli Lilly & Co. (NYSE: LLY) reported its Q4 2022 financials, revealing a 9% year-on-year (YOY) drop in global sales to USD 7.3 billion, primarily due to falling COVID-19 revenues and unfavorable exchange rates. Excluding COVID-19 antibodies, sales were up 10% YOY in constant currency terms. For the full year,…
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Novo Nordisk Posts Strong 2022 Results; GLP-1 Therapies Drive Growth
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Denmark-based diabetes giant Novo Nordisk (NYSE: NVO) has reported financial results for the fourth quarter and full-year 2022. The company enjoyed a robust year with sales increasing 16% year-on-year (YOY) in constant currency terms to DKK 177.0 billion (USD 26.21 billion). The growth was primarily driven by strong sales of…
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Pfizer Reports Record Revenues as COVID-19 Sales Soar; 2023 Guidance Amid Market Shifts
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US-based Pfizer Inc. (NYSE: PFE) reported its Q4 2022 financial results, highlighting an all-time high in 12-month revenues of USD 100.3 billion, up 30% year-on-year (YOY) excluding foreign exchange impacts. The company’s COVID-19 portfolio, including the Comirnaty vaccine and Paxlovid treatment, drove significant growth, though Pfizer expects a substantial revenue…
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Novartis Q4 Results Show Growth in Innovative Medicines Amid Sandoz Spin-Off Plans
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Swiss pharmaceutical giant Novartis (NYSE: NVS) has released its financial results for Q4 and the full-year 2022. Global net sales declined 2% year-on-year (YOY) in US dollar terms but increased 4% in constant currency terms to USD 50.545 billion. In Q4, sales expanded by 3% YOY to USD 12.69 billion.…
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Abbott’s Q4 Sales Dip Amid COVID-19 Testing Decline, China Market Updates
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US-based Abbott (NYSE: ABT) released its Q4 2022 financial results last week, showing a 6.1% year-on-year (YOY) decline in global sales to USD 10.091 billion, excluding foreign exchange impacts. Over the full year, sales increased 6.4% YOY to USD 43.65 billion. Abbott Chairman and CEO Robert B. Ford highlighted the…
