Actelion, being bought by J&J, says full year profit rose 26 percent

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Swiss drugmaker Actelion said on Tuesday that its full year 2016 net income rose 26 percent on accelerating sales of its newer medicines to treat deadly pulmonary arterial hypertension.

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Net income rose to 696 million Swiss francs ($693.4 million), lagging the average estimate of 737 million francs in a Reuters poll of analysts. Sales rose 18 percent to 2.42 billion francs, compared to the 2.41 billion francs expected in the poll.

(Reporting by John Miller; Editing by Michael Shields)