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News & Press: Portfolio Company News

Sanofi to acquire Synthorx to bolster its immuno-oncology pipeline for $2.5 Billion

Wednesday, December 11, 2019   (0 Comments)
Posted by: Natasha Azar
  • Proprietary immuno-oncology (IO) platform synergistic with Sanofi’s existing therapeutic platforms  
  • Lead asset THOR-707 (“not-alpha” IL-2) being explored across multiple solid tumor types alone and in combination with immune checkpoint inhibitors and other future IO combinations
  • Pre-clinical pipeline for oncology and autoimmune disorders

 

PARIS and San Diego, California – December 9, 2019 – Sanofi and Synthorx, Inc. (NASDAQ: THOR), a clinical-stage biotechnology company focused on prolonging and improving the lives of people suffering from cancer and autoimmune disorders, entered into a definitive agreement under which Sanofi will acquire all of the outstanding shares of Synthorx for $68 per share in cash, which represents an aggregate equity value of approximately $2.5 billion (on a fully diluted basis). The transaction was unanimously approved by both the Sanofi and Synthorx Boards of Directors.

 
Read the full press release
here.
 


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