Sanofi (France) Cuts 2013 Goal, Authorities Visit China Office

Published: Aug 01, 2013

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Sanofi SA (SASY.PA) cut its 2013 earnings forecast as it reported a steeper-than-expected drop in second-quarter profit, hit by the effect of patent losses, currency fluctuations and an inventory setback in Brazil.

The French company also said one of its 11 regional offices in China had been visited by the State Administration for Industry and Commerce (SAIC) in Shenyang, but added it was not aware of the purpose of the visit from the agency.

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