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Sanofi Scouting For Cancer Deals, Diabetes Drugs Miss In 1Q

 
• By Lucie Ellis-Taitt

Sanofi is seeking asset deals to bulk up its oncology pipeline in 2017 – specifically, the big pharma is on the lookout for oncology compounds with potential in prostate cancer or breast cancer, the company highlighted during its first-quarter earnings call.

Handshake of businessmen
M&A action could change Sanofi's story in 2017

Sanofi's diabetes and cardiovascular products drastically missed their sales targets in the first quarter of the year – but the company has high hopes for its R&D pipeline this year and the spotlight is on oncology.

The French drug maker also highlighted during its April 28 earnings conference call that it is seeking asset acquisitions in...

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