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Bill_ENG

05/25/20 4:51 PM

#5978 RE: mrplmer #5977

Would be nice if Sanofi used a portion of their 15 billion on Sesen buyout.

https://finance.yahoo.com/news/sanofi-sell-regeneron-stake-worth-171733957.html

"The announcement is part of Sanofi Chief Executive Officer Paul Hudson’s revamped strategy. The company said in December that it would end its hunt for new diabetes and heart disease drugs, helping save more than $2 billion, and focus on lucrative areas such as oncology. Deals would be the fastest way to build up its stable of medicines in cancer, analysts at HSBC said last year."

Bill