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Put your money where your mouth is

first_img Tags: NULL Put your money where your mouth is FEW can deny the rationale behind Sanofi-Aventis’ bid for US-based Genzyme. The French pharma giant is losing patents on its blockbuster drugs more quickly than it can replace them, and it has to act fast. That’s why Genzyme is such an attractive proposition. It specialises in niche high-margin treatments for rare genetic diseases, which are less vulnerable to competition from generic insurgents. Meanwhile, Genzyme, bedevilled by production problems and a tetchy relationship with regulators, could benefit from Sanofi’s scale. In a sense, the two are a perfect match. Although the two firms can see the strategic benefit, they disagree on price. Genzyme thinks Sanofi’s $18.5bn (£12bn) offer is derisory, because it doesn’t take into account future sales of experimental drugs like multiple sclerosis treatment Campath. Genzyme says Campath could bring in $3.5bn-a-year at the height of its powers; Sanofi, along with plenty of others in the industry, disagrees, largely because a promising competitor has emerged in the form of Novartis’ Gilenya. Now Genzyme is offering to put its money where its mouth is, to a fashion. It is suggesting the deal is designed differently, using a structure known as contingent value right. If Sanofi agrees, it would stump up a certain amount to acquire Genzyme at first, but then pay more to its shareholders if Campath hits a series of targets. That would remove the dispute over Campath, leaving the pair to argue over price. Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsappcenter_img whatsapp Monday 22 November 2010 7:21 pm Show Comments ▼ KCS-content last_img

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