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Sanofi to invest 350 million euros in Canada vaccine facility

Sanofi to invest 350 million euros in Canada vaccine facility

French healthcare group Sanofi is investing 350 million euros ($432.4 million) in a Canadian vaccine facility, Reuters reports. 


The new investment will be used for financing the construction of a new modern vaccine manufacturing facility at the Sanofi Pasteur Canadian headquarters in Toronto, Ontario.
The new facility would allow its Sanofi Pasteur division to meet the growing demand of five-component acellular pertussis (5-acP) antigen, the company announced.


Sanofi sealed two major takeovers at the start of 2018, buying hemophilia specialist Bioverativ for $11.6 billion and acquiring Ablynx, which is developing a prized experimental drug for a rare blood disorder, for 3.9 billion euros ($4.8 billion).

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