Actelion Posts Increase In 2014 Profit

Actelion Ltd. ALIOY reported a rise in its full-year 2014 net profit. Actelion's net profit for the year climbed to 594 million Swiss francs ($636 million), versus a year-ago profit of 453 million Swiss francs, according to U.S. accounting methods. Its product sales surged 10% to 1.96 billion. For 2015, Actelion expects core earnings to rise in the low-single digit percentage range. Chief executive Jean-Paul Clozel said: "2014 was an outstanding year for Actelion, with successes on all fronts. We've delivered strong sales growth and saw a substantial uptake of the recently launched Opsumit." Actelion shares gained 2.75% to close at $28.35 on Friday.