Navigation Links
Genzyme Delivers Strong Fourth Quarter to Conclude Outstanding Year
Date:2/13/2008

Reaffirms Outlook for Continued Growth

CAMBRIDGE, Mass., Feb. 13 /PRNewswire-FirstCall/ -- Genzyme Corporation (Nasdaq: GENZ) today reported financial results for the full year and fourth quarter of 2007 and provided an outlook for continued strong growth in 2008 and beyond.

Full-Year 2007

-- Total revenue in 2007 increased 20 percent to $3.8 billion from $3.2

billion in 2006. The increase was broadly driven by growth across all

segments of the company.

-- GAAP net income was $480.2 million, or $1.74 per diluted share,

compared with a net loss of $16.8 million, or $0.06 per diluted share,

for the previous year.

-- Non-GAAP net income increased 27 percent to $939.9 million, compared

with $742.7 million in 2006.

-- Non-GAAP earnings increased 25 percent to $3.47 per diluted share from

$2.77, exceeding the increased guidance of $3.35-$3.40 that Genzyme

provided in July.

-- The company generated approximately $1 billion in cash from operations

and increased its ending cash position to $1.5 billion while completing

two acquisitions, expanding its manufacturing infrastructure, and

repurchasing approximately 3.5 million shares under a three-year

program to reduce the dilutive effect of equity compensation.

-- Genzyme also continued to make excellent progress in building its

business to drive future growth. The company:

-- Expanded its emerging oncology franchise by securing worldwide

rights to its leukemia drug Clolar(R) (clofarabine) through the

acquisition of Bioenvision Inc.

-- Obtained marketing approval for four
'/>"/>

SOURCE Genzyme Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Related medicine news :

1. Genzyme Receives FDA Response Letter on Synvisc-One(TM)
2. Bioenvision Shareholders Approve Acquisition by Genzyme Corporation
3. Genzyme Statement Regarding Results of FDA Advisory Committee Meeting on the Use of Phosphate Binders in Chronic Kidney Disease
4. Genzyme and Bayer Schering Pharma AG, Germany to Present New Data on Alemtuzumab in Multiple Sclerosis at ECTRIMS
5. Delaware Court Approves Bioenvision, Genzyme Joint Petition
6. Elliott Extremely Dissatisfied With Genzyme Bid for Bioenvision; Believes Offer Significantly Undervalues Company
7. Liquent Insight Publisher 3.6 Delivers Advanced Submission Capabilities
8. March of Dimes Delivers a New Look
9. Independence Blue Cross Delivers Important Reminder to Women during Cervical Cancer Awareness Month
10. PARIs eFlow Delivers Alnylam RNAi Therapeutic in Phase I Study
11. Gleevec, the targeted cancer pill, delivers more good news to patients
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/2/2015)... ... ... sweetFrog Enterprises, LLC. is pleased to announce the opening of its newest ... the Lone Star State. The premium frozen yogurt chain was listed as #22 on ... opened July 1 at Duke’s Travel Plaza, is located at:, 30176 Hwy 64, Suite ...
(Date:7/2/2015)... Alexandria, VA (PRWEB) , ... July 02, 2015 ... ... applauds Congresswoman Donna Edwards (D-Md.) for her introduction of the Stop Overdose Stat ... bill introduced by Senator Jack Reed (D-R.I.), this Act seeks to decrease drug ...
(Date:7/2/2015)... ... July 02, 2015 , ... Many Fourth of July celebrations will include ... Amica Insurance is sharing some tips to promote the proper use of fireworks. ... to the emergency room daily with fireworks-related injuries in the month surrounding the Fourth ...
(Date:7/2/2015)... ... ... Patrick Achebe realized that the gift of poetry was fully in him, as beautiful phrases ... and three years later he was publishing an entire book of poetry. He knew there ... have always believed that the best way to lift yourself up, is in the effort ...
(Date:7/2/2015)... ... ... As Americans celebrate the Fourth of July outdoors this weekend, local physicians are ... is UV Safety Month, and physicians at American Family Care and AFC Doctors Express ... say most skin cancers can be found early with regular skin exams. Physicians can ...
Breaking Medicine News(10 mins):Health News:sweetFrog Expands Texas Footprint with Location in Canton 2Health News:AAPCC Supports the Stop Overdose Stat Act of 2015 2Health News:AAPCC Supports the Stop Overdose Stat Act of 2015 3Health News:6 Fireworks Safety Tips from Amica Insurance 2Health News:Patrick Achebe Releases Debut Book, Whispering Waves: Poems for Everyday Grace 2Health News:Local Physicians Warn of Holiday Health Hazards 2Health News:Local Physicians Warn of Holiday Health Hazards 3Health News:Local Physicians Warn of Holiday Health Hazards 4
... RURL ) issued another reminder today for current and,potential ... stock in relation,to its ongoing analysis of the impact ... Revenue Code ("Section 382")., In general, Section 382 ... certain other tax benefits following a change in ownership ...
... Americans are looking for clear and,concise answers when it ... summer and many,are turning to their personal trainers to ... recently conducted a survey of 1000 ACE-Certified,Personal Trainers to ... fit,for summer. They recommended strength training, interval training and,increased ...
... and Quantitative Measurement of Breast Cancer Patient,s HER2 ... Status Now Available to ... Inc. (Nasdaq: MGRM ) today announced that, effective July ... the U.S. for assessment of HER2 status in patients with ...
... a new certification program in Document Management. CfPIE has recognized ... in the life sciences. It is the first organization to ... , ... Malvern, PA (Vocus) July 8, 2008 -- The ...
... A brand new version of Photometrica; version 2.0, a web-based photometric ... second item, is a special free offer to invite anyone to ... located in Australia (more details below). , ... Fountain ...
... and Gastroenterology care, selects MxSecure, Inc., the nation's leading provider ... medical transcription provider for accurate and timely transcription reports. ... ... 2008 - MxSecure, Inc , the nation's leading provider ...
Cached Medicine News:Health News:Rural/Metro Issues Reminder to Stockholders on Transactions That May Impact IRS Section 382 Outcome 2Health News:Rural/Metro Issues Reminder to Stockholders on Transactions That May Impact IRS Section 382 Outcome 3Health News:Exclusive ACE Survey: Top Three Exercises to Get and Stay in Shape for Summer 2Health News:Monogram Announces Commercial Availability of the HERmark(TM) Breast Cancer Assay 2Health News:Monogram Announces Commercial Availability of the HERmark(TM) Breast Cancer Assay 3Health News:Monogram Announces Commercial Availability of the HERmark(TM) Breast Cancer Assay 4Health News:Monogram Announces Commercial Availability of the HERmark(TM) Breast Cancer Assay 5Health News:Monogram Announces Commercial Availability of the HERmark(TM) Breast Cancer Assay 6Health News:The Center for Professional Innovation and Education (CfPIE) Announces the First True Certification Program for Document Management Professionals in the Life Sciences 2Health News:The Center for Professional Innovation and Education (CfPIE) Announces the First True Certification Program for Document Management Professionals in the Life Sciences 3Health News:GRAS Proudly Announces Photometrica Version 2.0. Hailed as a Brilliant Solution for More Productive Astronomical Research by Those Engaged in Photometry Using the Global-Rent-a-scope Telescope Systems 2Health News:GRAS Proudly Announces Photometrica Version 2.0. Hailed as a Brilliant Solution for More Productive Astronomical Research by Those Engaged in Photometry Using the Global-Rent-a-scope Telescope Systems 3Health News:Central Bucks Specialists, a Cardiology and Gastroenterology Multi-location Clinic, Selects MxSecure, Inc., Provider of Medical Transcription Services, as their Transcription Provider. 2Health News:Central Bucks Specialists, a Cardiology and Gastroenterology Multi-location Clinic, Selects MxSecure, Inc., Provider of Medical Transcription Services, as their Transcription Provider. 3
(Date:7/2/2015)... , June 26, 2015 Research ... "Vitamin D Market by Analog, Application, End-User & by ... to their offering. This market is projected to ... vitamin D in different applications and rising opportunities in countries ... , Italy , and ...
(Date:7/2/2015)... 2, 2015  The Green Exchange, Inc., the developer,s ... HIPAA compliant mobile app that connects cannabis growers directly ... marijuana, announced today that their service provides the fastest ... and more than half a dozen other delivery apps ... Cannabis is unique in that it connects growers ...
(Date:7/2/2015)... , July 2, 2015   Decision ... European retinal specialists identify less frequent dosing as ... (DME), due to the burden on both patients ... endothelial growth factor (VEGF) injections, which are the ... Partners, abicipar pegol, which is in development for ...
Breaking Medicine Technology:Vitamin D Market by Analog, Application, End-User & by Region - Global Trends & Forecast to 2020: Increasing Recommendation By Doctors & Associations 2Vitamin D Market by Analog, Application, End-User & by Region - Global Trends & Forecast to 2020: Increasing Recommendation By Doctors & Associations 3New Cannabis Delivery App Gets Product to Patient in Under 7 Minutes 2Retinal Specialists Indicate Strong Desire for DME Therapies Which Induce Greater Vision Gains or are Administered Less Frequently Than Currently Approved Anti-VEGF Therapies 2Retinal Specialists Indicate Strong Desire for DME Therapies Which Induce Greater Vision Gains or are Administered Less Frequently Than Currently Approved Anti-VEGF Therapies 3
... 22 Wyeth,Pharmaceuticals, a division of Wyeth (NYSE: ... PGNX ), today announced preliminary results,from two clinical ... RELISTOR(TM) (methylnaltrexone bromide)., The first of these ... of,an oral formulation of RELISTOR for the treatment ...
... Inc. (Nasdaq:,NVAX) today announced that it has created ... against Severe Acute Respiratory Syndrome,(SARS). The company also ... Health (NIH) to continue preclinical development of,SARS vaccine ... now, it has been difficult to produce VLP ...
Cached Medicine Technology:Wyeth and Progenics Announce Preliminary Clinical Trial Results for RELISTOR Oral and Intravenous Formulations 2Wyeth and Progenics Announce Preliminary Clinical Trial Results for RELISTOR Oral and Intravenous Formulations 3Wyeth and Progenics Announce Preliminary Clinical Trial Results for RELISTOR Oral and Intravenous Formulations 4Wyeth and Progenics Announce Preliminary Clinical Trial Results for RELISTOR Oral and Intravenous Formulations 5Wyeth and Progenics Announce Preliminary Clinical Trial Results for RELISTOR Oral and Intravenous Formulations 6Wyeth and Progenics Announce Preliminary Clinical Trial Results for RELISTOR Oral and Intravenous Formulations 7Novavax Announces Proprietary Method to Create SARS Vaccine and Renewal of NIH Funding for SARS Vaccine Development 2Novavax Announces Proprietary Method to Create SARS Vaccine and Renewal of NIH Funding for SARS Vaccine Development 3
... playful, the Thalia Girls ... girls who love fashion ... accents and sparkling rhinestones ... exciting collection.Thalia Girls collection ...
... whimsy, charm and cutting edge fashion that ... inspired by Cynthia Rowley's creativity, wit and ... Kenmark Group and B Robinson collaborating with ... optical and four sunwear designs with additional ...
... that almost all retailers must address these ... VALUE - not just in price but ... shows that National is among the LEADING ... offers an exciting collection of contemporary and ...
... Esprit is an internationally known brand ... image. The ophthalmic collection offers chic ... and creativity in titanium, metal and ... features unique styling with trendy shapes ...
Medicine Products: