Sanofi Makes Statement On FTC Challenge To Proposed License Agreement With Maze Therapeutics; Says We Respectfully Disagree With The Action By The FTC Which Also Delays Potential Advancements That Could Impact The Lives Of Patients
Portfolio Pulse from Benzinga Newsdesk
Sanofi expressed disagreement with the FTC's decision to seek a preliminary injunction against its proposed licensing agreement with Maze Therapeutics for MZE001, a potential treatment for Pompe Disease. The FTC's action delays the development of the drug, which has completed Phase 1 trials. Sanofi has decided to terminate the agreement with Maze to avoid a protracted legal battle, despite the potential benefits for patients with Pompe Disease.
December 11, 2023 | 9:15 pm
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Sanofi is terminating its licensing agreement with Maze Therapeutics for MZE001 due to FTC's legal challenge, potentially impacting its drug development pipeline for Pompe Disease.
The termination of the licensing agreement with Maze Therapeutics could negatively impact Sanofi's pipeline by removing a potential drug for Pompe Disease. The news may concern investors about Sanofi's ability to expand its rare disease portfolio and could lead to a short-term negative sentiment on the stock.
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