BRIEF—Sanofi reportedly eyeing bid for Ocular Therapeutix
French pharma major Sanofi is preparing an offer to acquire the US biopharmaceutical firm Ocular Therapeutix, according to a report by French publication La Lettre.
If the acquisition goes through, it would bolster Sanofi’s footprint in ophthalmology.
The renewed interest comes after Ocular Therapeutix rejected Sanofi’s initial takeover bid in September, when the group offered $16 per share, a substantial premium to Ocular’s then-trading price of about $10.50.
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