The company said the success of its Sanofi Pasteur vaccines division in developing a vaccine against dengue fever could be "rapidly leveraged" in the fight against Zika.
"Sanofi Pasteur leads the vaccine field for viruses in the same family as Zika virus (ZIKV), with licensed vaccines against yellow fever, Japanese encephalitis and, most recently, dengue," it said in a statement.
It continued that "Sanofi Pasteur's expertise and established R&D and industrial infrastructure for the newly licensed vaccine for dengue, Dengvaxia, can be rapidly leveraged to help understand the spread of ZIKV and potentially speed identification of a vaccine candidate for further clinical development."
The UN health body also said a surge in serious birth defects in South America was "strongly suspected" of being caused by the Zika virus.
More From This Section
Brazil has now warned pregnant women to stay away from the Olympics due to open in August in Rio de Janeiro.
"Sanofi Pasteur is responding to the global call to action to develop a Zika vaccine given the disease's rapid spread and possible medical complications," vaccine project head Nicholas Jackson said in the statement.
There is currently no treatment for Zika. The virus is transmitted by the Aedes aegypti mosquito, which also spreads dengue fever, and which is found everywhere in the Americas except Canada and Chile.
WHO has warned that the Americas region could see up to four million Zika cases this year alone.