US clinical-stage biotech Vigil Neuroscience (Nasdaq: VIGL) saw its share price skyrocket more than 240% to $7.89 pre-market, on the news that French pharma major Sanofi (Euronext: SAN) had made a takeover bid for the company.
This acquisition in neurology, one of Sanofi’s four strategic disease areas, enhances Sanofi’s early-stage pipeline and includes VG-3927, which will be evaluated in a Phase II clinical study in Alzheimer’s disease. At present, Sanofi does not have any Alzheimer's programs in clinical development. VG-3927 is an oral small molecule TREM2 agonist. Activating TREM2 is expected to enhance the neuroprotective function of microglia in Alzheimer’s disease.
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