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German drug and chemical compounds company Bayer AG says internet revenue rose 75 percent within the second quarter thanks to decrease one-time fees and strong gross sales of recent merchandise including anti-clotting drug Xarelto and cancer drug Stivarga. In afternoon buying and selling, Bristol-Myers shares were down nearly 1 percent at $sixty four.fifty eight. Over the past yr the inventory has rallied 28 %, greater than double the thirteen p.c acquire within the benchmark S&P 500 index.
Its takeover of Ivax Corp. in 2005 and Barr Prescribed drugs in 2008 for about $7.four billion each were the largest by an Israeli company on the time and cemented Teva’s place because the world’s largest producer of generic medication. Bayer shares rose 2.6 p.c to â‚¬75.seventy one in morning trading in Europe.
Novartis SA, whose group corporations make use of some 118,000 individuals worldwide, chalked up web gross sales of nearly $50 billion and spent nearly $9 billion on analysis and development in 2015. Shares of Beyond Meat jumped eight p.c to $86 in late-morning trading.