Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Actelion raises guidance for third time this year on strong PAH sales

Published 20/10/2016, 06:17
© Reuters.  Actelion raises guidance for third time this year on strong PAH sales

ZURICH (Reuters) - Swiss biotechnology group Actelion again raised its full-year guidance after it boosted nine-month sales 17 percent, driven by strong sales of its pulmonary arterial hypertension (PAH) medicines Opsumit and Uptravi.

The company said on Thursday it now expects core operating income growth in the mid-teen percentage range for the year at constant exchange rates and barring unforeseen events.

Nine-month revenue stood at 1.791 billion Swiss francs (1.47 billion pounds) compared to 1.525 billion francs in the prior-year period.

Analysts polled by Reuters had on average expected third-quarter revenue to rise nearly 15 percent to 591 million Swiss francs and net income to gain nearly 14 percent to 188 million.

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.