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  • Sanofi offers Rs...

Sanofi offers Rs 10,000 crores bond linked to access medicine

MD BureauWritten by MD Bureau Published On 2022-04-01T15:06:00+05:30  |  Updated On 1 April 2022 3:06 PM IST
Sanofi offers Rs 10,000 crores bond linked to access medicine
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The company said the costs of financing would be linked to achieving concrete targets in terms of a cumulative number of patients being provided with essential medicines over the next five years.

New Delhi: French healthcare group Sanofi said it had priced a first sustainability-linked bond issue that will be indexed on access to medicines, and worth 1.5 billion euros ($1.7 billion).

The company said the costs of financing would be linked to achieving concrete targets in terms of a cumulative number of patients being provided with essential medicines over the next five years.

The notes are set to be issued in two tranches of 850 million euros and 650 million euros respectively.

Read Also - Sanofi, Regeneron get CHMP recommendation for Dupixent approval to treat severe asthma with type 2 inflammation in kids

"We continue to make progress in our environmental, social and governance activities that are an essential part of our strategy and embedded into our business," said Sanofi chief financial officer Jean-Baptiste de Chatillon.

Read Also - Sanofi, IGM Biosciences collaborate for oncology, immunology, inflammation targets

Sanofi is an innovative global healthcare company, driven by one purpose: we chase the miracles of science to improve people's lives. The Sanofi team, across some 100 countries, is dedicated to transforming the practice of medicine by working to turn the impossible into the possible. Sanofi provides potentially life-changing treatment options and life-saving vaccine protection to millions of people globally while putting sustainability and social responsibility at the center of our ambitions.

Read Also - Sanofi and Seagen announce collaboration to develop and commercialize multiple novel antibody-drug conjugates












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Source : Reuters
MD Bureau
MD Bureau

    Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in.

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