French pharmaceutical company Sanofi is in talks with Swiss drugmaker Actelion, but a deal is not imminent, sources confirmed to CNBC on Wednesday.
U.S. shares of Actelion and Sanofi were down 9 percent and 2.5 percent, respectively, on Wednesday.
It’s unclear what price Sanofi might pay or what structure is envisioned, but the deal could value Actelion as much as $30 billion, according to The Wall Street Journal, which first reported on the talks and cited people familiar with the matter.
On Tuesday, Johnson & Johnson ended its discussions with Actelion regarding a possible transaction. Actelion told J&J it was confident it could attract a higher offer than the 250 Swiss francs per share the U.S. company had offered, Reuters reported.
In August, Sanofi, eager for deals to broaden its drug lineup, was trumped by Pfizer’s $14 billion bid for U.S. cancer drug company Medivation.
The companies will explore opportunities to apply Flagship’s innovative bioplatforms – an ecosystem that currently comprises 41 companies – to scientific challenges in disease areas within cardiometabolic and rare diseases and initiate research programmes based on these.
BD is expanding its long-running partnership with the blood collection company Babson Diagnostics. The two companies have been working together since 2019 on a device that can gather small volumes of blood from the capillaries in the fingertip without requiring any specialized training, and beginning with a focus on supporting primary care in retail settings.
Wednesday, Australian biotech CSL said (PDF) the regulatory review of its $11.7 billion acquisition of Switzerland’s Vifor Pharma will take “a few more months,” suggesting it won’t be able to close the transaction by June 2022 as previously expected.