Genzyme Reports Financial Results for the First Quarter of 2010

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Genzyme Reports Financial Results for the First Quarter of 2010

businesswire.com

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Genzyme Corp. (NASDAQ: GENZ) today reported that first-quarter revenue was $1.07 billion, compared with $1.15 billion in the same period last year, reflecting limited shipments of Cerezyme® (imiglucerase for injection) and Fabrazyme® (agalsidase beta) due to product supply constraints. GAAP net loss was $114.9 million, or $0.43 per diluted share, compared with net income of $195.5 million, or $0.70 per diluted share, in the first quarter of 2009. GAAP r

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Tags: Gaucher Disease Medication, Cerezyme, Genzyme

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Here's the Genzyme release on the $175M fine. Also includes new delays on Cerezyme supply. http://bit.ly/d0g0bV

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