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: pharmaceutical
Ep 17: Hong Kong Pops A Pill
What’s Going On Here? China’s Hansoh Pharmaceutical raised $1 billion from its initial public offering – Hong Kong’s second-biggest this year – valuing the company at over $10 billion. Initial public offering is a company’s flotation on the stock exchange. What Does This Mean? Hansoh’s drug portfolio made up 63% of the entire Chinese pharmaceutical market last year – and includes…
with HT 