Sanofi Profit Down as Diabetes Drug Sales Slip

July 29, 2016 8:38 AM

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Sanofi Profit Down as Diabetes Drug Sales Slip

French drugmaker still expects to meet its profit target this year

PARIS-—French drugmaker Sanofi SA on Friday reported a fall in second-quarter net profit, hurt by dwindling U.S. diabetes drug sales and adverse currency moves but said it still expected to meet its profit target this year.

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