Just two drugmakers left bidding for Sanofi's European generics business
It has emerged that the number of industry players in the running to buy Sanofi’s (Euronext: SAN) European generics business Zentiva has been whittled down to two.
Reuters reports that Brazilian drugmaker EMS and Indian firm Torrent Pharma are competing for the business, which is thought to be worth up to $2.5 billion.
Sanofi reportedly wants to wrap up the process in the next couple of months, and it’s expected that bidding between the drugmakers, which are up against a number of investment funds, could drive the price up further.
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