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Strategic M&A: Sanofi Buys Principia Biopharma For $3.7bn

Removes Sanofi Royalty Payments on Brain-Penetrant SAR442168

Executive Summary

Sanofi is paying for $3.68bn cash for Principia to get the US biotech’s drug development platform and nascent pipeline, including a brain-penetrant BTK inhibitor in Phase III for multiple sclerosis.

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