French drugmaker posts nearly €9bn in revenue for the quarter
Paris — Sanofi raised its 2021 profit forecast on Thursday after its vaccines and star eczema treatment helped it beat second-quarter results expectations.
Sanofi, which shocked investors in 2020 with a delay to a Covid-19 vaccine it is developing with Britain’s GlaxoSmithKline , reiterated its confidence in the shot, which it hopes will secure regulatory approval by the end of the year.If approved, Sanofi’s shot will come long after ones from Pfizer/BioNTech, and Moderna, which have produced efficacy results of more than 90%.
In countries already rolling out mass vaccinations, Sanofi also sees a potential role for the shot as a booster, as many regulators contemplate recommending a third dose to extend protection. The company has also pledged to help other Covid-19 vaccine makers in 2021, striking “fill and finish” deals for shots made by Pfizer/BioNTech, Moderna and Johnson & Johnson.
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