INQUIRER.net: Bayer Q2 profits jump on new drugs, lower charges

INQUIRER.net Philippine News for Filipinos

Bayer Q2 profits jump on new drugs, lower charges Jul 31st 2013, 09:24 FRANKFURT, Germany— German drug and chemicals company Bayer AG says net profit rose 75 percent in the second quarter thanks to lower one-time charges and strong sales of new products including anti-clotting drug Xarelto and cancer drug Stivarga.   But falling earnings at its high-tech materials division led the company to say it would be harder to achieve its earnings goals for the year.   Net profit came in at 841 million euros ($1.1 billion), up from 481 million euros a year ago when the company had 611 million euros in one-time charges, mostly for U.S. lawsuits over its birth-control pill. Revenues rose 1.9 percent to 10.36 billion euros.   The c... Keep on reading: Bayer Q2 profits jump on new drugs, lower charges Media files: angela-merkel.jpg (image/jpeg)

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