What’s Going On Here? French pharmaceutical giant Sanofi agreed to buy US biotech Principia Biopharma for $3.4 billion. What Does This Mean? Sanofi’s a pretty traditional pharma outfit, so its purchase of Principia should help push it toward more innovative therapies, which might lift earnings growth. Most of the world’s big pharma and biotech companies…
Tag: healthcare
Ep 91: Washout
What’s Going On Here? Global healthcare and consumer products giant Johnson & Johnson (J&J) Suda-fed investors with fourth-quarter sales that fell short of expectations. What Does This Mean? J&J’s global sales across 2019 ended essentially flat on the year before. While pharmaceuticals revenue climbed almost 4%, this was largely offset by a similar decline in medical device…
with HT 