Sanofi to Buy Dynavax to Boost Vaccines Business
Market Intelligence Analysis
AI-PoweredSanofi is acquiring Dynavax for $2.2 billion to boost its vaccines business, particularly its flu shot franchise, following a setback with the rejection of its experimental multiple sclerosis drug tolebrutinib.
Market impact analysis based on bullish sentiment with 64% confidence.
Article Context
Sanofi agreed to buy Dynavax for about $2.2 billion, as the French drugmaker tries to expand a vaccines business currently anchored by its flu shot franchise. The announcement came after the US Food and Drug Administration surprisingly rejected Sanofi's experimental multiple sclerosis drug tolebrutinib. Bloomberg's Ashleigh Furlong reports. (Source: Bloomberg)
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