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Sanofi to buy Translate Bio for $3.2B

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Sanofi penned a deal to buy Translate Bio Inc. for $3.2 billion.

The company intends to use the purchase to expand into messenger-RNA development.

Sanofi is getting a potential bargain “in a very hot therapeutic area,” said Wimal Kapadia, an analyst at Bernstein.

Read more from Bloomberg.

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