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Sanofi Could Pursue Other Oncology M&A Targets After Medivation Loss

 
• By Joseph Haas

Losing Medivation could end up being a winning proposition for the French pharma if it can boost its cancer franchise another way, like by acquiring its partner in multiple collaborations Regeneron or making a less expensive takeout, such as Incyte or Ariad.

Sanofi opened the bidding and drummed up interest in Medivation Inc., but another suitor – Pfizer Inc. – walked off with the prize. While the French pharma may have found the $14bn price tag and the share price premium paid by its US rival too rich for its tastes, it may be able to apply that capital now toward another cancer-focused biotech purchase to bolster its oncology portfolio at a more reasonable cost.

In the days immediately following Pfizer's purchase of Medivation – at $81

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