Stock Spinoff

March 31, 2020

Sanofi Plans to Spin-off Active Pharmaceutical Ingredients (API)

In February, Sanofi (SNY) made an announcement that it had intentions to spin off its drug ingredient manufacturing unit into a separate company. The spinoff would accommodate over 3,100 employees and...

Stock Market

December 10, 2019

Sanofi To Buy Biotech Firm, Synthorx For $2.5 Billion

Biotechnology firm headquartered in California, Synthorx is to be bought by France's Sanofi SA for a whooping sum of $2.5 billion. Sanofi agreed to the deal on Monday, December 9th, 2019...