Sanofi to establish new API company in Europe

By The Science Advisory Board staff writers

February 25, 2020 -- French pharmaceutical developer Sanofi announced on February 24 that it plans to expand operations by establishing a new independent company to target the active pharmaceutical ingredient (API) market in Europe.

The new standalone company will be headquartered in France and will provide APIs to third-party pharmaceutical companies in more than 80 countries. It will support Sanofi's existing commercial and development activities with six European API production sites: Brindisi (Italy), Frankfurt Chemistry (Germany), Haverhill (UK), Saint-Aubin-lès-Elbeuf (France), újpest (Hungary), and Vertolaye (France).

In making the announcement, Sanofi said the new firm will protect the supply chain and address medicine shortages around the world.

The new firm will be based in France, and Sanofi plans an initial public offering through Euronext Paris, a European stock exchange. The company's sales are expected to surpass 1 billion euros by 2022 (over $1.088 billion), which would place it as the No. 2 API manufacturer in the world.

Sanofi plans to remain a long-term customer with the new company and hold a minority stake of approximately 30%.

Copyright © 2020
To access all The ScienceBoard content create a free account now:

Email Address:  

First Name:

Last Name:

Learn about ScienceBoard

Get the latest life sciences research and industry news, delivered straight to your inbox, for free.

Why subscribe?

ScienceBoard is uniquely focused on the business of research, addressing the biggest problems that the biomedical industry face. You’ll get breaking news, events coverage, and deep dives into the science that drives innovation, delivered to your inbox daily.

Letter from the Editor Please send me twice-weekly roundups of all the latest life research and industry news.
SAB Announcements Please send me the latest announcements from The Science Advisory Board and their partners.
Spotlight Receive notifications about new content, services, or educational resources designed to help you sharpen your skills and grow professionally.
I have read and agree to the privacy policy and terms of service and wish to opt-in for

Already have an account? Sign in here