Drugmaker says with some 'challenges' resolved it is focusing on getting new drugs to market

August 11, 2014 | By Eric Palmer

Boehringer Ingelheim is having a tough year with its drug business, seeing more than a 5% fall in sales in the first 6 months. The Germany-based company forecasts revenues will be down for the year as well, but it says by getting its house in order, its finances can improve after that. It has settled some nagging litigation and sold some assets, and it's about ready to launch some newly approved drugs.

"In the first 6 months we have brought many important issues to a favorable conclusion. We can now concentrate all our efforts on the development and launch of new medicines and on the expansion of our biopharmaceutical business," board chairman Andreas Barner said in a statement.

Overall, Boehringer Ingelheim's net sales were down

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