Financial Times FT.com

Sanofi-Aventis seeks more generic acquisitions

By Andrew Jack in London

Published: June 28 2009 23:30 | Last updated: June 28 2009 23:30

The head of Sanofi-Aventis is seeking to buy more generic drugs companies as part of broader acquisition plans to seek full control rather than the partnerships favoured by a number of his peers.

Chris Viehbacher, the chief executive appointed late last year to run the Paris-based pharmaceutical group, also expressed interest in expanding its consumer and animal health divisions, and said he had no intention of following the growing industry practice of outsourcing manufacturing.

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