Sanofi (SNY) Boosts Respiratory Pipeline with $1.6 Billion Acquisition of Vicebio

3 days ago

Sanofi (SNY, Financial) saw its stock rise over 1% following the announcement of its $1.6 billion acquisition of Vicebio. This strategic move is aimed at enhancing Sanofi's respiratory product line. The deal includes an upfront payment of $1.15 billion and milestone payments totaling $450 million. By acquiring Vicebio, Sanofi gains access to its molecular clamp technology platform, which is crucial for developing next-generation vaccines.

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