Wednesday, April 7, 2010 as of 11:14 AM ET
Genzyme Corporation is a fully owned subsidiary of Sanofi. Before its acquisition in 2011, Genzyme was an American biotechnology company based in Cambridge, Massachusetts.
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S. Food and Drug Administration on Tuesday approved a new treatment developed by Protalix BioTherapeutics Inc. (PLX, PLX.TV) for adults with a type of Gaucher disease, a rare genetic disorder.The treatment, taliglucerase alfa, will be sold in the U.S. under the brand name Elelyso by Pfizer Inc. (PFE).Pfizer also will sell the drug in most places outside the U.S. The drug, which is the first plant-derived cell-based enzyme replacement, replaces an enzyme called glucocerebrosidase in people with type 1 Gaucher disease. Elelyso is produced using genetically engineered carrot cells.People with Gaucher disease lack glucocerebrosidase, which causes an accumulation of a fatty substance inside cells. The fatty accumulation can lead to enlargement and malfunctioning of the liver, spleen, bone marrow and occasionally, the lung, kidney, and intestine. About 6,000 people in the U.S. have type 1 Gaucher disease, according to the FDA.Pfizer and Protalix have already been making Elelyso availab...Sanofi's (SNY) Genzyme unit has recalled one batch of leukemia drug Fludara due to concerns about its sterility--the latest in a series of supply and quality issues ...
U.K. drug maker Shire PLC (SHP.LN) Thursday beat forecasts with a 47% rise in fourth-quarter earnings on robust sales and said 2012 would be another year of strong e...
Sanofi SA (SNY) Wednesday said it was well on track for a period of sustainable growth as the French drug maker reported a sharp rise in earnings, lifted by sales in...
PARIS -- Sanofi SA (SNY) Wednesday said it was well on track for a period of sustainable growth as the French drug maker reported a sharp rise in earnings, lifted by...
DOW JONES NEWSWIRESRoche Holding AG's (ROG.VX) hostile $5.7 billion bid for Illumina Inc. of the U.S. is the latest sign of European drug companies looking for bolt-...
French drug maker Sanofi SA (SNY) on Tuesday said U.S. regulators have approved its Genzyme unit's new manufacturing plant in Framingham, Massachusetts, clearing a c...
French pharmaceutical Sanofi SA (SAN.FR) Tuesday said the U.S. Food and Drug Administration , or FDA, authorized its unit Genzyme to manufacture its Fabrazyme drug i...
TAKING THE PULSE: European pharmaceutical companies are expected to give mixed performances when announcing fourth-quarter results this month and next, with some mor...
By Ransdell Pierson and Lewis KrauskopfNEW YORK (Reuters) - Shire Plc <SHP.L> sees a strong market for its recently acquired Dermagraft skin substitute due to surgin...
By Caroline JacobsPARIS (Reuters) - French drugmaker Sanofi <SASY.PA> raised its earnings forecast for 2011 now that Genzyme is part of its business, but said the U....
By Lewis KrauskopfNEW YORK (Reuters) - Forest Laboratories Inc <FRX.N> chief Howard Solomon will likely have to cede some control over the drugmaker he has stewarded...
By Lewis KrauskopfNEW YORK (Reuters) - Billionaire investor Carl Icahn is taking aim at Forest Laboratories Inc's <FRX.N> longtime chief executive officer as he seek...
Sanofi CEO Chris Viehbacher gives his outlook for economic growth.
French drugs giant Sanofi SA (SNY) on Friday reported higher sales and profits for the first quarter but maintained its pessimistic outlook for earnings to fall as m...
Sanofi SA (SNY) Friday reported a 50% increase in first-quarter net profit thanks to higher sales--particularly in the U.S. and emerging markets--and the first-time ...
Matt Vetto of Douglas C. Lane & Associates on where to put your money in today's market.
Shire PLC (SHP.LN) Wednesday unexpectedly withdrew its U.S. Food and Drug application for its rare disease drug Replagel, an enzyme replacement therapy for Fabry dis...
It is "critically important" for pharmaceutical companies to find new investment models for research, both to improve returns and help support cash-strapped start-up...
French pharmaceutical company Sanofi SA (SAN.FR) said Thursday that its Genzyme unit had started shipping Fabrazyme from its recently approved plant in Framingham, M...