On Air Now

Listen

Listen Live Now » 100.3 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
47° Feels Like: 43°
Wind: ESE 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Rain Late 38°

Tomorrow

Rain/Wind 44°

Thurs Night

Rain 39°

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