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Pharmacia and Upjohn diagnostics sales hit by strong dollar:

Pharmacia & Upjohn reported a 1.5% fall to $57.3 million in its diagnostics division in the second quarter of 1997. Adjusted for currency effects this represents an 8% increase. In the first half the division recorded a 6% decline to $110.6 million, or a 4% increase when adjusted. The company had total sales of $3.3 billion in the first half, down 5% on the previous year. Excluding non-recurring items, net income was $372 million, compared with $492 million.

Pharmacia & Upjohn reported a 1.5% fall to $57.3 million in its diagnostics division in the second quarter of 1997. Adjusted for currency effects this represents an 8% increase. In the first half the division recorded a 6% decline to $110.6 million, or a 4% increase when adjusted. The company had total sales of $3.3 billion in the first half, down 5% on the previous year. Excluding non-recurring items, net income was $372 million, compared with $492 million.

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