The deal will strengthen Sanofi's research capabilities in areas such as autoimmune and allergic diseases, the companies said
PARIS (Reuters) - Sanofi SA is to buy U.S.-based Principia Biopharma Inc for around $3.7 billion, the companies announced on Monday, marking the French healthcare company's latest acquisition in the biotech sector.
PARIS (Reuters) - French healthcare company Sanofi SA has agreed to buy U.S. company Principia Biopharma Inc for around $3.7 billion, the companies said on Monday, strengthening Sanofi's presence in research and development (R&D) areas.
The US government previously gave Moderna around $1 billion to fund its research efforts, bringing total US funding to around $2.5 billion
Sanofi Aventis France added it had respected all its obligations regarding information provided on Depakine
Armed with an emergency fund of more than 2 billion euros (1.80 billion pounds), the European Commission wants to strike deals with up to six drug makers for their vaccines
A Sanofi executive said the companies had not yet agreed with the US on a specific price for additional doses
Glaxo shares traded 1.6 per cent higher in London, with Sanofi up 1.4 per cent in Paris
Sanofi is working on two of the more than 150 potential Covid-19 vaccines being developed across the world
Glaxo, Sanofi near $624 mn vaccine deal, Mexico deaths top 30,000, uneven recovery for Arab world and other pandemic-related news across the globe
With no new stock coming in, both patients and grey market vendors started running out of vigabatrin
Some of the world's most prolific and experienced vaccine developers -- Sanofi, GlaxoSmithKline and Merck & Co - are among at least 100 challengers trailing the leaders
Many drugmakers are racing to come up with a safe and effective vaccine that can be produced at large scale
The moves come after the World Health Organization paused its large trial of hydroxychloroquine, prompting several European governments to ban the use of the drug
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership
The drugmakers said they expect to start clinical trials for the vaccine in the second half of this year.
Development takes Biocon a step closer to commercialise its glargine biosimilar Semglee in America
The deal should close by the end of the first quarter of 2010, Baxter added in a statement confirming the purchase, which was reported earlier by Reuters
Novartis shares were seen up 0.2%, premarket indicators showed.
All businesses are undergoing thorough reviews at the moment, according to the Paris-based company.