Sanofi shares are trading lower amid a possible selloff after the company reportedly sought bids for its consumer care spinoff. The company announced findings from its ongoing phase 2 study to evaluate three separate participant cohorts including riliprubart.
Portfolio Pulse from Benzinga Newsdesk
Sanofi shares are trading lower amid a possible selloff after the company reportedly sought bids for its consumer care spinoff. The company also announced findings from its ongoing phase 2 study to evaluate three separate participant cohorts including riliprubart.
June 26, 2024 | 6:04 pm
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Sanofi shares are trading lower due to a possible selloff after the company sought bids for its consumer care spinoff. Additionally, the company announced findings from its phase 2 study evaluating riliprubart.
The potential selloff and the search for bids for the consumer care spinoff are likely causing investor uncertainty, leading to a short-term decline in Sanofi's stock price. The phase 2 study findings, while important, are secondary to the immediate impact of the spinoff news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100