Sanofi has acquired the American Translate Bio. This was reported by the French pharmaceutical company on Tuesday morning.

Sanofi pays $ 38.00 per share Translate Bio in cash. With this, the American company, a specialist in mRNA, is valued at 3.2 billion dollars. That means a 56% Premium. The acquisition is expected to be completed in the third quarter. The board of both companies supports the acquisition.

Sanofi has been working with Translate Bio since June 2018.

Load More Related Articles
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

UBS/Credit Suisse merger creates a ‘gigabank’, which poses enormous risks

The merger bank created after the acquisition of Credit Suisse by UBS is too big for Switz…