Sanofi Tumbled Over 17% in Morning Trading After It Expects Business EPS to Be Roughly Flat in 2024

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Sanofi Tumbled Over 17% in Morning Trading After It Expects Business EPS to Be Roughly Flat in 2024

Tiger Newspress2023-10-27

Sanofi SA tumbled over 17% in morning trading.

It expects business EPS to be roughly flat in 2024 compared with this year due to increased research-and-development investment and a strong rebound in 2025.

Meanwhile, it plans to separate its consumer health division, probably through a spinoff, as the French drugmaker deepens its focus on cutting-edge medicines and vaccines.

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cozyli
·2023-10-27
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