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Stock impact report

Sanofi outlays $1.9bn to purchase Dren Bio's bispecific antibody [Yahoo! Finance]

Sanofi - American Depositary Shares (SNY) 
US:NYSE Investor Relations: sanofi.com/en/investors
Company Research Source: Yahoo! Finance
The deal for the clinical asset will be made through Sanofi's acquisition of Dren Bio affiliate Dren-0201. The French company will pay $600m upfront, with milestone payments of $1.3bn. After Dren-0201 gets under Sanofi's control, Dren Bio will continue to advance the rest of its pipeline independently. The deal is expected to close during Q2 2025. Investor reaction to the deal was tepid, with shares in the Paris-listed Sanofi opening with a 0.3% deficit. Global stock markets are still recovering from the effects of US government tariffs, meaning current links between company activities and share prices are tenuous. Sanofi will fund the transaction with cash resources – an indication the company is in a financially strong position considering it is also undertaking a $5.1bn share buyback initiative this year. Sanofi has been spending big money recently to bolster its immunology presence. This includes a collaboration with Teva Pharmaceuticals, which included a $500m upfront pa Show less Read more
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