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Stock impact report

Sanofi bets on Sino Biopharm's transplant drug in $1.5bn licensing deal [Yahoo! Finance]

Sanofi - American Depositary Shares (SNY) 
US:NYSE Investor Relations: sanofi.com/en/investors
Company Research Source: Yahoo! Finance
Sanofi has taken a chance on Sino Biopharmaceutical's first-in-class, anti-inflammatory and anti-fibrotic asset, rovadicitinib, through a licensing agreement worth up to $1.53bn. As part of this deal, Sanofi will pay $135m upfront for the global development, manufacturing and commercialisation rights to Sino's novel Janus kinase (JAK)/Rho-associated protein kinase (ROCK) inhibitor pill, rovadicitinib, which was developed by Sino's subsidiary, Chia Tai Tianqing Pharmaceutical Group. This agreement also sees Sanofi commit up to $1.39bn towards potential development, regulatory and sales-based milestone payments – taking the total value up to $1.53bn. The Hong Kong-based pharma is also eligible to receive up to double-digit tiered royalties on the drug's annual net sales. Rovadicitinib is currently marketed in China under the brand name Anxu. The drug originally gained approval for the frontline treatment of three types of rare bone marrow cancer, myelofibrosis, in February 2026. Show less Read more
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