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Sanofi Goes All The Way In mRNA With Translate Bio Buy

French Giant Paying $3.2bn

 
• By Kevin Grogan

Taking full control of partner Translate Bio means that Sanofi is the only big vaccine company with a wholly-owned mRNA platform in-house but observers say it is too early to declare that the Paris-headquartered group has bagged itself a bargain.

Sanofi_France
• Source: Archive

Sanofi has firmly nailed its colors to the mRNA mast with the proposed $3.2bn acquisition of partner Translate Bio in a deal that initially looks like a snip for the French pharma major.

The companies forged their first alliance in 2018 and expanded it in 2020 but Sanofi has now decided that full ownership of the US biotech represents the best way forward. The company, which owns 7% of Translate, is acquiring all the outstanding shares for $38

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