Sanofi Starts 2018 As It Means To Go On: More Transactions Expected
This year Sanofi will "begin to make our success sustainable," said CEO Olivier Brandicourt in a 2017 financial earnings broadcast; despite a weak finish to 2017 and lower than expected guidance for this year, Sanofi's chief exec is upbeat.
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The market slump at the beginning of February affected virtually all of the stocks of the top 50 pharmaceutical companies. But unpredicted clinical successes or surprisingly good financials still kept a few companies above water.
Already approved for atopic dermatitis, the partners have got a PDUFA date of Oct. 20 which could expand the label on their interleukin-4 and -13 inhibitor to include asthma.
In agreeing a $650m+ deal to acquire privately owned Protein Sciences, Sanofi is defending its market dominance in influenza vaccinations by adding an approved non-egg based product. The purchase may also help it defend its position in the section of the market targeting elderly patients, since its current trivalent offering is threatened by a rival quadrivalent product from Seqirus.