Financial Times FT.com

Sanofi-Aventis to complete Acambis deal

By Andrew Jack in New York

Published: September 24 2008 23:31 | Last updated: September 24 2008 23:31

Sanofi-Aventis, the French pharmaceutical group, is set to complete its acquisition of Acambis of the UK on Thursday, with plans to keep the vaccine developer partly autonomous, to maintain its entrepreneurial spirit.

Wayne Pisano, head of Sanofi-Aventis’ vaccines arm, said the cash deal would reinforce the group’s presence in biological medicines, and accelerate Acambis’ pipeline of experimental products by providing greater resources and capacity for manufacturing and late-stage development.

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