Finance
Sanofi to acquire Dren Bio's immunology unit
Sanofi to acquire Dren Bio's immunology unit
Published by Global Banking and Finance Review
Posted on March 20, 2025
Published by Global Banking and Finance Review
Posted on March 20, 2025
(Reuters) - Sanofi on Thursday announced an agreement with biopharmaceutical company Dren Bio for the acquisition of its autoimmune disease treatment DR-0201.
The French healthcare group will acquire the Dren Bio affiliate Dren-0201 for an upfront payment of $600 million and potential future payments totalling $1.3 billion, it said in a statement.
The transaction is expected to close in the second quarter of 2025, it added.
(Reporting by Alban Kacher)
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