Operating profits rise 50% at Irish arm of pharma giant Genzyme

Waterford-based Genzyme Ireland Ltd – which is owned by French drug-making giant Sanofi - recorded the jump in operating profits in spite of revenues decreasing by 6% to €1.22bn.

Operating profits at one of the largest employers in the south-east - pharmaceutical firm Genzyme - increased by 50%, last year, to €65.2m.

Waterford-based Genzyme Ireland Ltd – which is owned by French drug-making giant Sanofi - recorded the jump in operating profits in spite of revenues decreasing by 6% to €1.22bn.