May 26, 2020 Sophia Vida
Hot Stocks

Sanofi to Sell Stake in Regeneron Pharmaceuticals for Roughly $13B

French multinational pharmaceutical company Sanofi is selling a stake in Regeneron Pharmaceuticals Inc. valued at about $13 billion. According to an announcement from both companies on Monday, Regeneron has agreed to repurchase $5 billion of its stock from Sanofi. Regeneron has said that the French company also plans to sell approximately 12.8 million shares, a … Continue reading “Sanofi to Sell Stake in Regeneron Pharmaceuticals for Roughly $13B”