ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

IPSEY Ipsen SA (PK)

31.84
-1.86 (-5.52%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Ipsen SA (PK) USOTC:IPSEY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -1.86 -5.52% 31.84 31.05 33.32 31.84 31.84 31.84 395 21:14:28

Sanofi Agreess to Sell Five-Drug European Portfolio to Ipsen for EUR83 Million

13/02/2017 7:28am

Dow Jones News


Ipsen (PK) (USOTC:IPSEY)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Ipsen (PK) Charts.

By Inti Landauro

 

PARIS--French pharmaceutical giant Sanofi (SAN.FR) agreed to sell a portfolio of five drugs in Europe to smaller local rival Ipsen (IPN.FR) for 83 million euros ($88 million) to help pave the way for Sanofi to take over certain assets from Germany's Boehringer Ingelheim GmbH.

Under the deal, Ipsen will buy the rights to market an analgesic, an antispasmodic, a laxative and two expectorants in eight European countries, though the manufacturing will be provided by third parties, the company said Monday in a news release.

Ipsen said it would finance the acquisition with its existing cash and lines of credit.

The asset sale is a result of requirements imposed by the European Commission in connection with Sanofi's deal to exchange its animal-health business for most of Boehringer Ingelheim's consumer health-care unit.

Ipsen said it would finance the acquisition of the Sanofi assets with its own cash.

 

Write to Inti Landauro at inti.landauro@wsj.com

 

(END) Dow Jones Newswires

February 13, 2017 02:13 ET (07:13 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

1 Year Ipsen (PK) Chart

1 Year Ipsen (PK) Chart

1 Month Ipsen (PK) Chart

1 Month Ipsen (PK) Chart