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Sanofi buys Fovea for €370mm in cash and earn-outs

Executive Summary

Sanofi-Aventis will pay €370mm ($541mm) to acquire all of privately held French ophthalmics company Fovea Pharmaceuticals SA. According to the companies, the purchase price includes a significant amount up front (which Elsevier Business Intelligence estimates at about 25%) and the remainder in development-based earn-outs.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Large Molecule
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Full Acquisition
    • Includes Earnout
    • Payment Includes Cash

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