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Strategic M&A: Sanofi Buys Principia Biopharma For $3.7bn

Removes Sanofi Royalty Payments on Brain-Penetrant SAR442168

 
• By Sten Stovall

Sanofi is paying for $3.68bn cash for Principia to get the US biotech’s drug development platform and nascent pipeline, including a brain-penetrant BTK inhibitor in Phase III for multiple sclerosis.

Merger
Sanofi says US biotech buy ‘fully aligned with our R&D priorities.’ • Source: Shutterstock

Underscoring its determination to build a more focused pipeline, Sanofi is paying nearly $3.7bn in cash for Principia Biopharma, Inc. to acquire the US biotech’s proprietary R&D platform for immune-mediated diseases. The platform has so far produced three promising drug candidates, one of which has already emerged as a key element of the French group’s late-stage pipeline under a previous deal.

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