Sanofi pumps another billion into French biomanufacturing
French pharma major Sanofi (Euronext: SAN) has announced an investment of more than 1 billion euros ($1.08 billion) to create new bioproduction capacity at its sites in Vitry-sur-Seine (Val de Marne), Le Trait (Seine-Maritime) and Lyon Gerland (Rhône).
This investment will create more than 500 jobs and significantly strengthen France's ability to control the production of essential medicines from start to finish, for the present day and into the future, a Sanofi statement explains.
"We remain true to our history by once again choosing France to produce these future medicines"The plan brings the amount committed by the company since the COVID-19 pandemic, to major projects to keep production of medicines and vaccines in France, to more than 3.5 billion euros.
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