On October 30, Sanofi SA rose 3.01% in Pre-Market Trading, trading at $44.78 per share, with turnover of $323.2 thousand.
The move followed the company’s latest quarterly update, with third-quarter Dupixent sales reaching €5.7 billion, up 34.8% year over year, while vaccines sales were €3.2 billion, down 6.6%.
The market appeared to focus on the strong growth of Dupixent, a key product for Sanofi SA, especially as prior expectations had been relatively cautious on revenue and earnings. Earlier in October, the company also signed a letter of intent with the pan-Canadian Pharmaceutical Alliance covering Dupixent in four additional indications, adding support to expectations for further volume expansion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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