Sanofi expands presence in immunology with up to $1.45 billion buy
French pharma major Sanofi (Euronext: SAN) today revealed it has entered into an agreement under which it will acquire British privately-held biotech Kymab, which is focused on immune-mediated diseases and immuno-oncology therapeutics.
The transaction will result in Sanofi having full global rights to KY1005, a fully human monoclonal antibody that has a novel mechanism of action. KY1005 binds to OX40-Ligand and has the potential to treat a wide variety of immune-mediated diseases and inflammatory disorders.
Financial terms of the transaction
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