Sanofi purchases Inhibrx for up to $2.2 billion, looks for cutting-edge medications, and lessens reliance on Dupixent.

Sanofi, a French drugmaker, agreed to buy the U.S. biotech firm Inhibrx Inc. for up to $2.2 billion. The acquisition aims to support Sanofi's push for innovative medicines and reduce dependence on its blockbuster asthma medicine, Dupixent. Inhibrx's founder and CEO, Mark Lappe, will run a spinoff with the rest of the research and employees, supported by Sanofi.

January 23, 2024
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