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ARTICLE | Financial News

Serono down on lowered Rebif guidance

July 24, 2002 7:00 AM UTC

Serono (SRA; SWX:SEO) was down $2.50 (18%) to $11.70 on Wednesday after lowering its global growth target for Rebif to 43%-45% from 43%-48%. SRA cited currency exchange losses and slower sales growth in Latin America, where the company said Rebif has a 70% market share. ...