IGM Biosciences and Sanofi enter deal with USD 6bn potential

US-based IGM Biosciences has signed a deal with French Sanofi to use the company’s ”super molecule” technology to develop drug candidates within oncology, immunology and inflammation.

Photo: VIOLETA SANTOS MOURA/REUTERS / X07448

by DANIEL INGEMANN KROIER PEDERSEN

In the midst of a greater stock fluctuation for US-based IGM Biosciences, the company has entered a multimillion-dollar deal with French Sanofi, a competitor of Novo Nordisk on the insulin area. In aggregate numbers, the deal could reach over USD 6bn, a joint press release reports.

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