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Manufacturing problems drag down Genzyme's full-year sales

This article was originally published in Scrip

Executive Summary

Genzyme has reported that preliminary full-year and fourth-quarter revenues have dropped because of manufacturing problems that have plagued its operations. Disruption to the biotech company's genetic disease business more than offset double-digit revenue growth in the rest of the business, leading to an overall sales decline for both periods, and Genzyme failed to achieve previous revenue guidance.

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