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    Sanofi to pay Regeneron $462 million in revised immuno-oncology deal

    Farhat NasimWritten by Farhat Nasim Published On 2019-01-09T09:15:14+05:30  |  Updated On 17 Aug 2021 12:46 PM IST

    Sanofi will pay Regeneron $462 million representing the balance of payments due under their original deal, which covers the Sanofi share of the immuno-oncology discovery programme costs for the last quarter of 2018. The payment includes up to $120 million in other development costs.


    PARIS: Sanofi will pay Regeneron some $462 million in a revision of their deal in immuno-oncology, a growing sector in healthcare research which aims to help the body's own immune system fight cancer.


    The two companies said the new arrangement would give France's Sanofi increased flexibility to advance its early-stage immuno-oncology pipeline, while U.S. healthcare group Regeneron retains all rights to its other immuno-oncology discovery and development programmes.


    Sanofi will pay Regeneron $462 million representing the balance of payments due under their original deal, which covers the Sanofi share of the immuno-oncology discovery programme costs for the last quarter of 2018. The payment includes up to $120 million in other development costs.


    Sanofi shares fell 1.1 per cent in early session trading.


    For its part, Regeneron will commit up to $120 million to fund new developments in the field.


    Sanofi and Regeneron also work together on the development of the Dupixent product which is used to treat eczema, and which has had positive feedback from U.S. regulators.


    Also Read: Opiant Pharmaceuticals Licenses Novel CB-1 Receptor Antagonist for Treatment of Acute Cannabinoid Overdose from Sanofi

    cancerDupixenteczemafundhealthcare researchimmuno oncology discovery programmeimmuno-oncologypharma newspharmaceuticalRegeneronSanofiUS healthcareus regulators

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    Farhat Nasim
    Farhat Nasim

      Farhat Nasim joined Medical Dialogue an Editor for the Business Section in 2017. She Covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She is a graduate of St.Xavier’s College Ranchi. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751 To know about our editorial team click here

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