Health Business

Sanofi buys Ablynx for $4.8 bn

sanofi

French drugmaker Sanofi has agreed to buy Belgian biotech company Ablynx for 3.9 billion euros ($4.8 billion).

sanofi

This is Sanofi’s second big deal this month after buying Bioverativ. Ablynx earlier rejected a 2.6 billion euro offer from Denmark’s Novo Nordisk.

This month has seen a spike in multibillion-dollar deals in biotech and several experts predicting a bumper year for Mergers and acquisitions.

Don't be shellfish...Share on Facebook0Share on Google+0Share on LinkedIn0Share on StumbleUpon0Pin on Pinterest0Tweet about this on Twitter0
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Most Popular

To Top