Sanofi deepens cancer drive with two deals worth $1.2 billion, Innate jumps
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Paris: Sanofi boosted its presence in cancer research by signing two deals with biotech companies worth up to $1.2 billion, as the French drugmaker plays catch-up with rivals in the hot research field.
Shares in French biotech group Innate Pharma, one of the partners, jumped 15 percent on the news.
Switzerland's Novartis also announced a deal with U.S.-based Surface Oncology to increase its immuno-oncology portfolio, although it did not give financial terms.
Shares in French biotech group Innate Pharma, one of the partners, jumped 15 percent on the news.
Switzerland's Novartis also announced a deal with U.S.-based Surface Oncology to increase its immuno-oncology portfolio, although it did not give financial terms.
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