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Actelion Reports Second-Quarter Loss Exceeding Analyst Estimates
Actelion Ltd. (ATLN) , Switzerland ’s largest biotechnology coterie, reported a wider loss than analysts expected and said a rival treatment is increasing struggle for its top-selling drug Tracleer.
The second-quarter loss was 408.6 million Swiss francs ($497 million), the Allschwil-based group said in a statement today. The average of seven analyst estimates compiled by Bloomberg was 340.9 million francs. The demise is a result of damages from a lawsuit and as the strong franc reduced the value of sales from front Switzerland, Actelion said.
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Sarovar Group to set up six more hotels
SHIMLA: Sarovar Hotels and Resorts, a Delhi-based amicability course, is all set to add six more hotels to its portfolio by the next six months.
The friends also plans its spread and function opportunities in South Africa and East Africa.
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