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SAN Sanofi

91.90
-1.18 (-1.27%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sanofi EU:SAN Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.18 -1.27% 91.90 91.45 92.00 94.03 91.33 93.99 1,753,124 16:40:00

Sanofi Agrees to Buy Dutch Biopharmaceutical Company for EUR308 Million

02/11/2020 7:03am

Dow Jones News


Sanofi (EU:SAN)
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By Joshua Kirby

 

Sanofi SA said Monday that it has agreed to acquire Dutch clinical-stage immunotherapy company Kiadis Pharma NV.

The French pharmaceutical company said it had entered into a definitive agreement to buy all of Kiadis's share capital for a price of EUR5.45 a share via a public offer. The price represents an aggregate adjusted equity value of 308 million euros ($358.7 million), and the deal is subject to certain conditions.

Kiadis develops cell-based immunotherapy products for the treatment of life-threatening diseases, Sanofi said.

"We believe the Kiadis 'off-the-shelf' K-NK cell technology platform will have broad application against liquid and solid tumors, and create synergies with Sanofi's emerging immuno-oncology pipeline, providing opportunities for us to pursue potential best-in-disease approaches," John Reed, global head of research and development at Sanofi, said.

 

Write to Joshua Kirby at joshua.kirby@dowjones.com

 

(END) Dow Jones Newswires

November 02, 2020 01:48 ET (06:48 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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