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Sanofi confirms deal to buy Bioverativ for US$11.6b

January 22, 2018 7:00 AM
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French multinational pharmaceutical company Sanofi logo seen at their headquaters in Paris March 8, 2016. — Reuters picPARIS, Jan 22 — French healthcare group Sanofi has agreed to buy US peer Bioverativ for US$11.6 billion (RM45.65 billion), in a deal which Sanofi said would boost its earnings and strengthen its presence in the field of treatment for rare diseases.

Sanofi has agreed to buy all of the outstanding shares of Bioverativ for US$105 per share in cash, marking a premium of 64 per cent to Bioverativ's closing price on January 19, 2018.

“With Bioverativ, a leader in the growing hemophilia market, Sanofi enhances its presence in specialty care and leadership in rare diseases, in line with its 2020 Roadmap, and creates a platform for growth in other rare blood disorders,” said Sanofi chief executive Olivier Brandicourt in a statement.

“Together, we have a great opportunity to bring innovative medicines to patients worldwide, building on Bioverativ's success in driving new standards of care with its extended half-life factor replacement therapies,” — he added.

Source: themalaymailonline.com

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