Topic: Sanofi-Aventis SA

Three European companies douse hopes for new drugs

LONDON/PARIS (Reuters) - Three of Europe's biggest drugmakers -- AstraZeneca , Novartis and Sanofi -- reported product setbacks on Tuesday, underlining the difficulties of developing new medicines to make up for those going off patent.With the weakest pipeline of its European peers, ...

Lost flu sales weigh on Roche and other pharmas in Q1

LONDON (Reuters) - Roche is set to kick off the Big Pharma reporting season with a fall in sales on Thursday as a strong Swiss franc, weak demand for top-selling cancer drug Avastin and lack of Tamiflu revenue take their toll.The absence ...

Sanofi-Aventis says completes offer for Genzyme

PARIS (Reuters) - French drugmaker Sanofi-Aventis completed its improved $20.1 billion offer for Genzyme, allowing it to begin merging the U.S. biotech firm into its business and add rare diseases to its growth areas.Sanofi said 84.6 percent of Genzyme's common stock had ...

Sanofi, Merck abandon animal health joint venture

PARIS/LONDON (Reuters) - Regulatory pressure prompted Sanofi-Aventis and Merck & Co to abandon plans for a joint animal health powerhouse with $5 billion in sales.The move sets back the French and U.S. drugmakers' plans to achieve economies of scale in the consolidating ...

Genzyme CEO Termeer to leave with about $160 million

NEW YORK (Reuters) - Genzyme Corp Chief Executive Henri Termeer is set to walk away with nearly $160 million when the sale of his company to French drugmaker Sanofi-Aventis is final -- and stands to earn considerably more should Genzyme's multiple sclerosis ...

FDA cites Sanofi over drug side effect reporting

WASHINGTON (Reuters) - The Food and Drug Administration warned Sanofi-Aventis SA's U.S. unit for failing to tell the agency about reports of possible serious side effects in a timely manner.In a January 28 letter made public on Tuesday, the FDA said an ...

Sanofi to buy Genzyme for about $20 billion

PARIS (Reuters) - French drugmaker Sanofi-Aventis has agreed to buy Genzyme Corp for $20.1 billion in cash, plus payments tied to the success of the company's drugs, the companies said on Wednesday.Sanofi will pay $74 a share in cash and a contingent ...

Sanofi, Genzyme have agreement in principle: sources

BOSTON (Reuters) - Sanofi-Aventis SA has agreed in principle to acquire Genzyme Corp for $19.2 billion in cash plus future payments based on the performance of an experimental Genzyme drug, according to two sources with knowledge of the talks.Under the agreement, Genzyme ...

Sanofi completes Genzyme review: report

PHILADELPHIA (Reuters) - Sanofi-Aventis has completed a review of the financial books and operations of takeover target Genzyme Corp , but the two sides continue to discuss a final price for a potential deal, according to The Wall Street Journal.Sanofi did not ...

Sanofi says Genzyme takeover talks progressing

PARIS (Reuters) - French drugmaker Sanofi-Aventis reported progress in talks to buy U.S. biotech firm as it predicted 5-10 percent lower earnings this year."As we announced about 10 days ago, we have signed a confidentiality agreement with Genzyme," Chief Executive Chris Viehbacher ...
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