Sanofi pays up to USD 1bn for new multiple myeloma therapy

Following a licensing agreement with Eureka Therapeutics, Sanofi has acquired another drug candidate for multiple myeloma to join its portfolio alongside Sarclisa.

Photo: CHARLES PLATIAU/Reuters / X00217

Sanofi is paying an undisclosed amount to forge a new license agreement with Eureka Therapeutics. However, the value of the deal might reach USD 1bn in subsequent milestone payments, according to a press release.

The asset that caught Sanofi's interest is a possible treatment for multiple myeloma. Sanofi is already active in this area with Sarclisa, which the company is trying to position as a serious competitor for Genmab's multi-blockbuster Darzalex.

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