Sanofi Buys More Regeneron Biotech Stocks

Feb 12, 2013, 08:00 AM by Michael Croft
Reuters | Sanofi is buying more shares of Regeneron Pharmaceuticals, its current partner on cholesterol and rheumatoid arthritis. Sanofi currently controls 16.7% of the company but has the right to control up to 30%.
February 12, 2013 | Sanofi is buying more shares of Regeneron Pharmaceuticals, its current partner on cholesterol and rheumatoid arthritis. Sanofi currently controls 16.7% of the company but has the right to control up to 30%. Both company's stocks rose on the announcement. Reuters