Sanofi Will Buy Cancer Drug Firm | April 20, 2009 Issue - Vol. 87 Issue 16 | Chemical & Engineering News
Volume 87 Issue 16 | p. 20 | Concentrates
Issue Date: April 20, 2009

Sanofi Will Buy Cancer Drug Firm

Department: Business

In a move to strengthen its oncology portfolio, Sanofi-Aventis has agreed to acquire BiPar Sciences, a biotech company specializing in the development of tumor-selective cancer therapies. Sanofi calls BiPar the leader in the new field of DNA repair with poly(ADP-ribose) polymerase inhibitors. The firm's lead candidate, BSI-201, is a small-molecule drug in Phase II clinical trials for metastatic triple-negative breast cancer. Depending on the achievement of developmental milestones, the purchase price could reach $500 million.

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