This article was originally published in The Tan Sheet
Worldwide sales of nutritional products during the fourth quarter were fueled by the performance of the international division, which posted sales growth of 26.2% to $571 mil., Abbott Labs says in Jan. 23 release. International growth was driven by a 6.6% favorable impact from exchange, "with continued strong growth in Latin American and Asian markets," firm says. Total sales of the division increased 11.2% to $1.19 bil. Revenues for U.S. nutritional products were flat at $616 mil., however, excluding the impact of a co-promotion agreement for Rx drug Synagis, U.S. sales of the unit advanced 11%, Abbott notes. For the year, Abbott's international nutritional products division had sales growth of 18.4% to $2.04 bil., boosting net sales for nutritionals 1.7% to $4.39 bil. U.S. nutritional revenues fell 9.4% to $2.35 bil., reflecting the impact of Synagis...
You may also be interested in...
Pink Sheet reporters and editor discuss President-Elect Joe Biden’s decision to name the CDER director as acting FDA commissioner and other staffing changes, as well as changes to industry trade groups’ political donations.
Delfi Diagnostics will use the new funds to expand its team of cancer researchers and machine-learning experts to validate its novel approach for early cancer detection through multiple prospective clinical trials.
US Ninth Circuit affirms a district court’s summary judgment in favor of Target and manufacturer of Up & Up brand biotin supplement it sells. Indian manufacturer targeted in putative class-action in New York prompted FDA’s 2016 creation of import alert category for Ayurvedic supplements.