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Novo Struggles In Japan, Sanofi Struggles With Distributors: Emerging Markets Earnings Roundup (Part 7)

 
• By Brian Yang

Both Novo Nordisk and Sanofi had a bumpy start of the year in Asia and emerging markets. Novo saw insulin sales decline in Japan and Korea, while Sanofi grew only 6.5% in emerging markets, well below the company’s long-term guidance of double-digit growth.

In a recurring feature, PharmAsia News combs through quarterly earnings reports to bring you highlights on Asia and emerging markets. In the last installment, PharmAsia News looked at the emerging markets strategy of Shire PLC and Mylan NV ([A#28130509015]).

Novo Nordisk AS has blamed poor performance in Japan and Korea, where the company saw sales drop 4% in...

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