After 2 M&A Failures, Sanofi No Longer Feels The Need To Clinch A Deal

Published: May 11, 2017

Sanofi is currently looking at several external growth opportunities, after having failed to clinch two large deals recently, but feels it has no urgent need to make acquisitions, the drugmaker's chairman told shareholders on Wednesday.

"There is a certain number of targets that we are looking at and if we think there are indeed transactions that can be achieved, we will consider them," Sanofi's Board Chairman Serge Weinberg said during the French company's annual meeting in Paris.

"However, there is no 'absolute necessity' to conduct these transactions. The group's (internal) dynamic is satisfactory," he added.

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