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29 Apr 2011

Genzyme Revenues Grow in Q1

Genzyme first-quarter revenue grew to $1.009 billion from $941.9 million in the first quarter of 2010.

Genzyme Corporation announced that its first-quarter 2011 revenue grew 7 percent compared with the same period in 2010. Genzyme first-quarter revenue grew to $1.009 billion from $941.9 million in the first quarter of 2010.

 

Genzyme was acquired in a transaction completed on April 8, 2011, subsequent to the first quarter, and is now a wholly-owned subsidiary of sanofi-aventis. Because information concerning Genzyme business prospects and research and development is now found in the public reports of Genzyme's new parent company sanofi-aventis, this release is limited to historical sales results for the period prior to the change of control. Genzyme sales for this period are not consolidated into the corresponding sanofi-aventis financial statements.

 

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