Advertisement
UK markets close in 7 hours 16 minutes

  • FTSE 100

    8,075.68
    +35.30 (+0.44%)
     

  • FTSE 250

    19,630.71
    -88.66 (-0.45%)
     

  • AIM

    753.99
    -0.70 (-0.09%)
     

  • GBP/EUR

    1.1660
    +0.0015 (+0.13%)
     

  • GBP/USD

    1.2514
    +0.0051 (+0.41%)
     

  • Bitcoin GBP

    51,145.90
    -2,252.41 (-4.22%)
     

  • CMC Crypto 200

    1,331.74
    -50.83 (-3.68%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    83.11
    +0.30 (+0.36%)
     

  • GOLD FUTURES

    2,339.80
    +1.40 (+0.06%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,269.57
    +68.30 (+0.40%)
     

  • DAX

    18,003.88
    -84.82 (-0.47%)
     

  • CAC 40

    8,067.11
    -24.75 (-0.31%)
     
Property:

How to sell your home

Top tips from property investors

Sanofi confirms $3.2 billion offer to buy U.S. biotech firm Translate Bio

Reuters
Updated ·1-min read
Sanofi logo is seen in Paris

PARIS (Reuters) - French drugmaker Sanofi said it had made a $3.2 billion offer to buy U.S. biotech company Translate Bio, as it bets on next-generation mRNA technology after setbacks in the COVID-19 vaccine race.

In a statement that confirmed an exclusive report by Reuters, Sanofi said it would acquire all outstanding shares of Translate Bio for $38.00 per share in cash, representing a total equity value of about $3.2 billion for Translate Bio.

The boards of both companies had approved the deal, the firm added.

"Translate Bio adds an mRNA technology platform and strong capabilities to our research, further advancing our ability to explore the promise of this technology to develop both best-in-class vaccines and therapeutics," Chief Executive Paul Hudson said.

(Reporting by Matthias Blamont and Sudip Kar-Gupta; Editing by Clarence Fernandez)