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Latest Business News

Merger Costs Weigh on Sanofi-Aventis 4Q

Friday, February 24, 2006 5:09:10 PM

PARIS (AP) - Merger-related costs weighed on Sanofi-Aventis SA's fourth-quarter profit, the French drugmaker said Friday, but underlying earnings rose sharply, helped by efficiency gains.

Sanofi-Aventis also said it still hopes to start marketing its weight-loss drug Rimonabant, also known under the Acomplia brand name, in the United States in the second half of 2006.

Net profit fell to 456 million euros ($545 million) in the October-December period, after the deduction of 988 million ($1.18 billion) in charges arising from the ongoing implementation of the 2004 merger between Sanofi-Synthelabo and Aventis.


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