Actelion Ltd. (ALIOF.PK) Raises Forecast on Accelerated Cost Savings
7/22/2013 7:44:11 AM
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Actelion Ltd. (ATLN), the Swiss drugmaker that gets almost 90 percent of sales from a treatment for a rare lung disease, raised its full-year profit forecast as second-quarter sales beat estimates and it cut spending. Core earnings will increase by a double-digit percentage in local currencies, compared with a previous forecast for them to be unchanged this year, the Allschwil-based company said in a statement today. The brighter outlook may renew takeover speculation, said Andrew Weiss, an analyst at Bank Vontobel AG in Zurich.
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