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Sanofi (France) (SAN.PA) CEO: No Reason To Chase Or Join Pharma M&A Frenzy


6/6/2014 8:09:46 AM

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Sanofi Chief Executive Officer Chris Viehbacher said he’s satisfied with his stable of experimental drugs and doesn’t need to chase a big deal even as his rivals pursue acquisitions like never before. “Unlike everybody else, we feel we’ve got critical mass in all of our businesses,” the CEO said in an interview yesterday in Lyon, France. “We look constantly at everything just to make sure that we are not missing an opportunity, but at today’s prices I don’t see anything that I can acquire that strengthens our company and creates value for our shareholders.”

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