logo
Plus   Neg
Share
Email
Comment

Sanofi And Medtronic Forms Strategic Diabetes Alliance - Quick Facts

Sanofi (SNY) and Medtronic, Inc. (MDT) announced that they have signed a memorandum of understanding to enter into a global strategic alliance in diabetes. The alliance aims at improving patient experience and outcomes for people with diabetes around the world.

French drugmaker Sanofi said that the allaince will initially cooperate on developing drug-device combinations and offering care management services for diabetes patients. Based on results of the two initial priorities, the companies may explore other areas for potential collaboration.

Financial terms were not disclosed.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Hormel Foods Corp. (HRL) reported a profit for the first quarter of fiscal 2018 that increased 28.9 percent from the prior year. Total net sales grew 2.2 percent from last year. Earnings per share topped analysts' expectations, while quarterly revenues missed their estimates. The company raised annual earnings per share guidance due to U.S. tax reform, while it maintained annual net sales outlook. Shares of Deutsche Telekom AG were losing around 3 percent in the morning trading in Germany after the telecom giant reported Thursday a decline in fourth-quarter EBITDA, a key earnings metric, with weak revenues. However, the company recorded a net profit, compared to loss last year on positive US tax effect. Deutsche Telekom lifted its dividend and said it expects higher earnings in 2018. Dish Network Corp. on Wednesday reported a surge in profit for the fourth quarter from last year, reflecting an income tax benefit that helped offset the impact of lower revenues. The latest quarter's results were positively impacted by an income tax benefit of about $1.2 billion due to an adjustment to deferred tax assets and liabilities related to tax reform legislation.
comments powered by Disqus
Follow RTT