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Breakingviews - Investors reject Sanofi's cure to sickly valuation

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Breakingviews - Investors reject Sanofi's cure to sickly valuation

Sanofi investors dislike CEO Paul Hudson's prescription to reinvigorate the pharmaceutical group's weak valuation. Shares in the $130 billion French drug giant dropped 15% on Friday after it said it would ramp up research and development spending to build a better pipeline of future drugs. That will cause 2024 earnings to fall at a low single-digit rate compared to 2023 levels before a “strong rebound” in 2025, the company said.

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Breakingviews - Investors reject Sanofi's cure to sickly valuation

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Breakingviews - Investors reject Sanofi's cure to sickly valuation

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