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    • Sanofi to invest 432.4...

    Sanofi to invest 432.4 million dollars in Canada vaccine facility

    Written by Ruby Khatun Khatun Published On 2018-04-14T09:45:22+05:30  |  Updated On 13 Aug 2021 5:19 PM IST

    PARIS: French healthcare group Sanofi is investing 350 million euros ($432.4 million) in a Canadian vaccine facility, which the drugmaker said would help it meet growing demand in this area.


    Sanofi's new investment will finance the construction of a new state-of-the-art vaccine manufacturing facility at the Sanofi Pasteur Canadian headquarters in Toronto, Ontario.


    The new facility would allow its Sanofi Pasteur division to meet the growing demand of five-component acellular pertussis (5-acP) antigen, the company added.


    Sanofi sealed two major takeovers at the start of 2018, buying hemophilia specialist Bioverativ for $11.6 billion and acquiring Ablynx, which is developing a prized experimental drug for a rare blood disorder, for 3.9 billion euros ($4.8 billion).


    (Reporting by Sudip Kar-Gupta; Editing by Sunil Nair)

    5-acP antigenAblynxCanadafive-component acellular pertussis antigenhemophiliaInvestmentrare blood disorderSanofiSanofi Pasteurvaccine facility
    Source : REUTERS

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    Ruby Khatun Khatun
    Ruby Khatun Khatun
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