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France's Sanofi to buy US biopharma firm Kadmon in US$1.9b deal

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Published Wed, Sep 8, 2021 · 05:27 AM

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    [PARIS] French drugmaker Sanofi SA has agreed to buy U.S. biopharmaceutical company Kadmon Holdings Inc in a US$1.9 billion deal, the companies said on Wednesday.

    Sanofi said it has offered US$9.50 per share in cash for Kadmon, representing a total equity value of approximately US$1.9 billion on a fully diluted basis, and that both companies' boards unanimously approved the transaction.

    REUTERS

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