Sanofi nears deal to sell some over-the-counter drugs to Ipsen

Drug maker Sanofi is close to selling some over-the-counter products to Ipsen SA, in a deal that could be valued at nearly 100 million euros ($106.18 million).

The deal between the French drug makers may be announced as early as Monday, Bloomberg reported, citing a person familiar with the matter.

Ipsen emerged as the preferred bidder after a competitive sale process involving other pharmaceutical companies.

Both Ipsen and Sanofi could not be immediately reached for comments outside regular business hours.

Sanofi and German drug maker Boehringer Ingelheim confirmed last month the closing of a $20 billion asset swap, under which Sanofi bought Boehringer's consumer health division, and the German firm purchased Merial animal health business.