Eisai First-Half Profit Falls 17% as Aricept Sales Decline
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Eisai Co. posted a 17 percent drop in first-half profit because of a slump in sales of Aricept, once the world’s best-selling treatment for Alzheimer’s disease.
Net income fell to 33.3 billion yen ($426 million), or 117 yen a share, in the six months ended Sept. 30 from 40 billion yen, or 140 yen, a year earlier, Eisai said in a statement to the Tokyo Stock Exchange today. Earnings beat the 29 billion yen average of three analyst estimates compiled by Bloomberg.