Acquisitive Pierre Fabre doubles down on oncology strategy
Dermatology and cosmetics company Pierre Fabre Laboratories has bought oncology specialist Vertical Bio, thus adding VERT-002 to its discovery pipeline.
The French firm has a long track record in the treatment of cancer, beginning with the launch of a chemotherapy product several decades ago.
Building on this, the group has now made oncology its top strategic priority, focusing 80% of its R&D spend in this area, leading to a more than doubling of revenues from 2019, up to around half a billion dollars.
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