trending Market Intelligence /marketintelligence/en/news-insights/trending/ewoyw1fcbfc2szpofhzhma2 content esgSubNav
In This List

Sanofi closes tender offer for $3.9B Ablynx buy

Blog

Commercial Banking: June 22nd Edition

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Commercial Banking Newsletter June Edition - 2022

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Sanofi closes tender offer for $3.9B Ablynx buy

Sanofi said it closed the initial tender offer to acquire all outstanding shares of Ablynx NV.

The French drugmaker said securities representing 95.60% of Ablynx were tendered to its offer to buy the Belgian biopharmaceutical company.

Sanofi agreed to acquire Ablynx NV for €3.9 billion earlier this year.

In addition to the proprietary nanobody technology platform that Ghent, Belgium-based Ablynx is known for, it has more than 45 experimental compounds in development in a wide range of therapeutic areas, which will be complementary to Sanofi's research and development.