Sanofi to buy US drugmaker for over $9 billion
French pharmaceutical company Sanofi is acquiring biopharmaceutical company Blueprint Medicines, a U.S. developer of drugs for the treatment of rare autoimmune diseases, for more than $9 billion, according to Sanofi’s website.
Sanofi will pay $129 per share, totaling about $9.1 billion, when the deal closes in the third quarter, and up to $400 million in additional cash if certain conditions are met.
As part of the deal, the French company will receive, among other things, the rights to Ayvakit, the only drug approved in the United States and the European Union to treat mastocytosis, a rare immunological disease.
Ayvakit generated $479 million in revenue last year. It sold $150 million of it in the first quarter of this year, an increase of more than 60 percent year-on-year.
Sanofi’s share price was down 1.15 percent at the end of the first hour of trading on the Paris Stock Exchange on Monday.
Visszajelzés küldése
Oldalsó panelek
Előzmények
Mentve
Related news
A new weight loss drug may be on the horizon
In recent years, GLP-1-based drugs such as Ozempic and Wegovy,…
Read more >Pharmaceutical manufacturers can breathe a sigh of relief: the 250 percent punitive tariff in the USA is not coming
Good news has arrived for European – including Hungarian –…
Read more >The price of Novo Nordisk’s star drug drops significantly
Danish Novo Nordisk has announced a drastic price cut in…
Read more >Related news
KSH: the rate of wage increases exceeds inflation, the countryside is catching up
According to the latest data from the Hungarian Central Statistical…
Read more >Food industry investment boom possible: nearly 200 billion forints in support decided
The first decisions have been made on supporting larger-scale developments…
Read more >Eight out of ten parents would like to buy everything in one place for the start of school – Pepco offers a solution for this
As the school year approaches, parents are once again faced…
Read more >