On Air Now

Listen

Listen Live Now » 101.9 FM Central Wisconsin

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
56° Feels Like: 56°
Wind: W 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 40°

Tomorrow

Mostly Sunny 68°

Thurs Night

Partly Cloudy 40°

Alerts

Sanofi to buy back Genzyme-linked CVRs for $70 million

PARIS (Reuters) - French drugmaker Sanofi said on Monday it will buy back certificates related to the success of Genzyme drugs for a total cost of about $70 million, representing $1.75 per contingent value right (CVR).

Sanofi said last month it would buy back up to $152 million worth of the outstanding CVRs, which are linked to its 2011 purchase of U.S. biotech Genzyme. It said then it would pay between $1.50 and $1.

(Editing by Christian Plumb)

Comments