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Emerging Markets Help Fresenius Kabi Offset US Pressures

As Firm Pushes Back Expectations For Biosimilars By A Year

 
• By Dave Wallace

Fresenius Kabi has reported sales ahead by 6% in 2019, as growth in emerging markets helped to offset a subdued increase in North America. Meanwhile, the firm has pushed back financial expectations for its biosimilars by a year.

Fresenius Kabi
Increases in emerging markets have helped Fresenius offset pressures in North America • Source: Shutterstock

Fresenius Kabi has reported overall sales that rose by 6% in 2019, as increases in emerging markets helped to offset subdued growth in North America. At the same time, however, the firm has pushed back its financial expectations for biosimilars by a year, partly as a result of low pricing on adalimumab in Europe.

The firm reported sales ahead by 6% as reported and 4% at constant currencies to €6.919bn ($7.638bn) in 2019, as earnings before interest, tax, depreciation and amortization grew by 5% – and 2% at constant currencies – to €1.502bn

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