Sanofi to acquire US-based Principia for USD 3.7 billion
The acquisition, announced by Sanofi and Principia gives Principia's pipeline in autoimmune diseases. They include a drug aimed at the rare but painful skin condition pemphigus and another against multiple sclerosis that the two companies have partnered on since 2017.;
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Paris: Sanofi's Chief Executive Paul Hudson is dipping into coffers filled by recent disposals to buy U.S.-based Principia Biopharma Inc for $3.7 billion as he fills his medicine cabinet with speciality drug prospects from smaller companies.
The acquisition, announced by the two companies on Monday, gives the French drugmaker Principia's pipeline in autoimmune diseases. They include a drug aimed at the rare but painful skin condition pemphigus and another against multiple sclerosis that the two companies have partnered on since 2017.
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