Sanofi's experimental multiple sclerosis (MS) drug Tolebrutinib failed to meet key goals in 2 out of 3 phase 3 trials, however, the company still plans on filing with the FDA. Despite this setback, the drug has shown potential as it succeeded in delaying disability progression in a key trial. Sanofi has also reported a significant investment of $437 million to expand its center in India, doubling its workforce, as part of a business strategy focusing on digital transformation like AI and digital twin technology. Meanwhile, a solid partnership has been formed between the NAACP and Sanofi aimed at advancing health equity. Furthermore, Sanofi has announced commitment to de-carbonizing healthcare systems, showcased at the COP28 and an investment of up to $1.6 billion in Germany is planned. The company plans to divest its consumer health unit and has sought initial offers for it. Key shareholders like Royalty Pharma have invested in their MS drug while also securing a $1.2 billion deal with Novavax, signifying a major turnaround in the company's trajectory.
Sanofi News Analytics from Tue, 14 Nov 2023 08:00:00 GMT to Fri, 06 Sep 2024 13:40:55 GMT -
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