Sanofi (France) (SAN.PA) Confirms Plan to Leave Toulouse R&D Site  
7/13/2012 6:31:35 AM

Sanofi (SAN), France’s biggest drugmaker, told employees it will proceed with plans to end research operations in Toulouse, on the same day PSA Peugeot Citroen (UG) said it would shut its first car factory in the country in 20 years. Elias Zerhouni, Sanofi’s global head of research and development, today met with about 50 employees from Toulouse, a city in southwestern France, to discuss the plan, Marc Bianciotto, one of the workers who attended the meeting, said today in an interview in Chilly-Mazarin, close to Paris. Zerhouni reiterated that Sanofi is keeping all options open for disposing of the Toulouse site, Bianciotto said.