Sanofi sells 12 drugs to Cooper-Vemedia for €158m

The Belgian daily der Standard has reported that Sanofi has sold 12 brands to Cooper-Vemedia for €158m. The sale is part of Sanofi’s strategy to simplify its product portfolio and fund its recent acquisitions. Cooper-Vemedia belongs to private equity Charterhouse Capital, which acquired Vemedia in 2016 from IK Investment, then merged it with La Coopération Pharmaceutique, creating a major OTC manufacturer in Europe.  Sanofi’s shares have remained unaltered (Paris) after the announcement.

(Source De Standaard)