Sanofi’s Kadmon Bolt-On Bolsters Its General Medicine Division

Deal Adds Transplant Pill Rezurock For Chronic Graft-Versus-Host Disease

Sanofi’s $1.9bn cash purchase of Kadmon surprised many analysts, coming as a bolt-on for the French pharma’s general medicines transplant portfolio rather than its specialty care pipeline, but the overall view was that it made sense.

Sanofi Is Paying $1.9bn cash for US Biotech • Source: Alamy

Sanofi has decided to invigorate its general medicines offering by buying Kadmon Holdings, Inc. for $1.9bn cash in a bolt-on exercise motivated primarily by the target’s recently US-approved oral transplant treatment for chronic graft-versus-host disease, and the therapy’s prospects for additional indications.

The agreed transaction, announced on 8 September, adds Rezurock (belumosudil) tablets for chronic graft-versus-host disease. The move should offer sales...

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