Pharma industry change – Sanofi

itowers — Mon, 21 Dec 2009 16:46:25 +0000

As if to emphasise what my last post said, today came an announcement from Sanofi, the French pharma company, that they are buying Chattem for $1.9bn. Chattem provides over-the-counter drugs like Gold Bond or Selsun Blue.

What’s the rationale for this? Probably Sanofi wants to become less reliant on the blockbuster patented drug business.

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Pharma industry change – Sanofi