webleads-tracker

Home  >  MEDTECH  > Sanofi to enter medical device market...
  >  MEDTECH
Feb 14th, 2013
 
Sanofi to enter medical device market
 
Sanofi, a french pharmaceutical company, is making a move into the medical device market.
Send to a friend

According to an article by Bloomberg News, the company is changing its focus from pharmaceuticals to overall health.

Sanofi is the largest pharmaceutical manufacturer in France. Since 2008, the company has spent $33 billion on partnerships and acquisitions. Chris Viehbacher, CEO of Sanofi, stated that he planned to replenish the company’s product pipeline. In addition, he wants to reduce the company’s reliance on a few high-value products that could be subject to generic competition in the future.

In remarks made to Bloomberg News, Viehbacher said, “The marriage of digital technologies with therapeutics is a phenomenon that is only going to grow.” He continued, stating that the company could benefit from “partnerships to help us understand the digital side of the business.”

However, Viehbacher has stated that he does not plan to acquire other medical device manufacturers. Instead, he will build partnerships through other companies to strengthen its diagnostic division.

The latest move by the French pharmaceutical company follows similar actions by other drugmakers. This month, Pfizer took its animal healthcare division public. Shares of Zoetis, the name of Pfizer’s spinoff, have increased 22 percent since its IPO. While Sanofi does have its Merial animal health division, it has not publicly stated that it will spin off this division.

To read the complete article, please click on the following link:
www.bloomberg.com/news/2013-02-07/viehbacher-says-new-sanofi-seeks-partn...


 
More MEDTECH news

Jul 17th
Jul 17th
Jul 16th
Jul 12th
Jul 8th
 
©2007 Yole Developpement All rights reserved                  Disclaimer | Legal notice | To advertise
Yole Développement: Le Quartz, 75 cours Emile Zola, 69100 Villeurbanne, France. TEL: (33) 472 83 01 80 FAX: (33) 472 83 01 83 E-Mail: info @yole.fr