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Sanofi CEO Upbeat Despite Medivation M&A Miss, Sarilumab Diss

 
• By Sten Stovall

During third-quarter earnings report, Brandicourt said he remains confident about Sanofi's prospects in oncology despite losing the takeover fight for Medivation, although he didn't rule out another mid-sized bolt-on attempt if the opportunity arose.

Sanofi will remain disciplined, but still on the lookout for another mid-sized acquisition that can bring value to the French drug maker and further aid its quest to diversify into promising therapy areas, notably oncology and immunology, its chief executive said when presenting the group's third quarter earnings report.

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