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Sanofi eyes Synthrox purchase

By Sean Whooley | December 23, 2019

Sanofi (NYSE:SNY) announced today that it is planning to tender an offer to acquire all outstanding common stock shares of clinical-stage biotech company Synthorx.

The agreement and plan of merger between the two companies was announced on Dec. 7 and the offer is being made pursuant to that. Sanofi said it stands to acquire the common stock shares at a price of $68 per share in cash, without interest thereon and net of any applicable withholding taxes, according to a news release.

Get the full story at our sister site, MassDevice.


Filed Under: Genomics/Proteomics
Tagged With: Sanofi
 

About The Author

Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at swhooley@wtwhmedia.com.

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