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‘2024 Is The Year Of Financial Progression,’ Says Fresenius As Biosimilars Revenues Jump 102%

The Firm Increases Savings Goals For 2024, After Achieving Set Annual Plans In Q2

 
• By Urtė Fultinavičiūtė

With an “attractive biosimilar product portfolio,” Fresenius marked a strong second quarter in its biopharma business, while the generic pharma segment remained flat, but is still “a source of continued success.”

A woman standing next to a plant that represents financial growth
• Source: Shutterstock

“We are a simpler, stronger, and more focused company. 2024 looks to be a great year with excellent financial progression,” Fresenius’ CEO Michael Sen did not hide his enthusiasm about the future during the firm’s recent Q2 investors call.

Fresenius Kabi’s biopharma division, which is one of the three growth vector segments alongside nutrition and MedTech, reported “excellent” organic revenue growth of 102%, bringing in €150m ($162.5m) in Q2 2024, influenced by licensing agreements at mAbxience, a majority stake in which was acquired by the firm in 2022

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