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2021-11-09 23:04
10:04 AM EST, 11/09/2021 (MT Newswires) -- Sanofi (SAN.PA) on Tuesday completed the acquisition of US biopharmaceutical company Kadmon for a total equity value of around $1.9 billion. The acquisition took place as a merger of Sanofi's unit with and into Kadmon. After the merger, Kadmon remains the surviving company and becomes a subsidiary of Sanofi. Shares of the pharmaceutical company were up 1% on Tuesday afternoon.