Sanofi buys Acambis for £276m

The French drugs giant Sanofi-Aventis is buying the British vaccine-maker Acambis for £276m in the latest round of consolidation in the biotech sector.

The agreed deal, described as a "mutually beneficial logical step" by Wayne Pisano, the head of Sanofi's vaccine unit, sees the French group offering Acambis investors 190p a share.

The two companies are already developing vaccines together against Japanese Encephalitis, West Nile virus and Dengue fever.

Peter Fellner, Acambis's chairman, welcomed the offer yesterday. "Sanofi Pasteur, which is one of the world's largest vaccines companies, will benefit strategically not only from Acambis's pipeline and technologies but also from its significant US-based R&D and manufacturing infrastructure," he said.

The UK firm won a 10-year contract, worth $425m (£213m), to supply the US government with smallpox vaccine earlier this year. It is also working on vaccines against the hospital superbug C. difficile, flu and genital herpes.

Acambis stock rose 1p to 116p in London yesterday before the agreed offer was unveiled. Goldman Sachs and Invesco, which together own more than 40 per cent of Acambis's shares, have already agreed to accept the offer.

Large pharmaceutical firms have been scrambling to buy biotechs recently in an attempt to secure drug pipelines. The offer comes hot on the heels of a record $44bn bid by the Swiss drugs group Roche to buy out the US biotech Genentech.

PROMOTED VIDEO
News
Ashton Kutcher speaking at Human Rights Watch's Voices For Justice dinner in November 2013
people'What is so wrong about digging up dirt on shady journalist?'
Life and Style
Jane Merrick rides on a Micro Scooter through St James's Park, on November 18, 2014 in London, United Kingdom.
life
Arts and Entertainment
Babysitter Katie and Paul have terse words in the park
tvReview: The strength of the writing keeps viewers glued to their seats
News
i100
Arts and Entertainment
American singer, acclaimed actor of stage and screen, political activist and civil rights campaigner Paul Robeson (1898 - 1976), rehearses in relaxed mood at the piano.
filmSinger, actor, activist, athlete: Paul Robeson was driven to a miserable death. His story is to be told in film
Sport
Qatar has very little football history

It is a crazy place to play in summer, writes Paul Scholes

Life and Style
Make-up artists prepare contestants for last year’s Miss World, held in Budapest
fashion
News
ebooksNow available in paperback
News
Actor Dave Prowse in his role as the Green Cross Code Man in 1982
peopleStar Wars actor to reprise his other role - as the Green Cross Man
Life and Style
life
Arts and Entertainment
Brit Marling as PR woman Liz Garvey
tv

It was all about Liz’s cocaine-fuelled brainwave, 'The Metwork'

Voices
The Emir of Qatar Sheikh Hamad and Russia’s deputy prime minister Igor Shuvalov flank Fifa president Sepp Blatter
voices
Life and Style
tech
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SThree: Trainee Recruitment Consultant - Soho

£20000 - £25000 per annum + OTE £35,000: SThree: We consistently strive to be ...

Ampersand Consulting LLP: Markit EDM (CADIS) Developer

£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...

Carlton Senior Appointments: Director, Private Bank - San Francisco, CA

$175 - $200 per annum, Benefits: full benefits: Carlton Senior Appointments: P...

Carlton Senior Appointments: San Diego, CA – Tier 1 House - Senior MD FA

Not specified: Carlton Senior Appointments: Senior MD Financial Advisor - San ...

Day In a Page

US immigration: President Obama ready to press ahead with long-promised plan to overhaul 'broken system' - but will it get past a Republican-controlled Congress?

Immigration: Obama's final frontier

The President is ready to press ahead with the long-promised plan to overhaul America's 'broken system' - but will it get past a Republican-controlled Congress?
Bill Cosby rape allegations explained: Why are these allegations coming out now? Why didn’t these women come forward earlier? And why has nobody taken legal action?

Bill Cosby rape allegations explained

Why are these allegations coming out now? Why has nobody taken legal action? And what happens next for the man once thought of as 'America's Dad'
Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain

You know that headache you’ve got?

Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain
Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?

Scoot commute

Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?
Paul Robeson: The story of how an American icon was driven to death to be told in film

The Paul Robeson story

How an American icon was driven to death to be told in film
10 best satellite navigation systems

Never get lost again: 10 best satellite navigation systems

Keep your vehicle going in the right direction with a clever device
Paul Scholes column: England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil

Paul Scholes column

England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil
Michael Dawson: I’ll thank Spurs after we win says defender as he prepares to return with Hull

Michael Dawson: I’ll thank Spurs after we win

Hull defender faces his struggling former club on Sunday ready to show what they are missing. But he says he will always be grateful to Tottenham
Frank Warren column: Dr Wu has big plans for the professionals yet he should stick to the amateur game

Frank Warren column

Dr Wu has big plans for the professionals yet he should stick to the amateur game
Synagogue attack: Fear unites both sides of Jerusalem as minister warns restoring quiet could take 'months'

Terror unites Jerusalem after synagogue attack

Rising violence and increased police patrols have left residents of all faiths looking over their shoulders
Medecins sans Frontieres: The Ebola crisis has them in the headlines, but their work goes far beyond West Africa

'How do you carry on? You have to...'

The Ebola crisis has Medecins sans Frontieres in the headlines, but their work goes far beyond West Africa
Isis extends its deadly reach with suicide bombing in Kurdish capital

Isis extends its deadly reach with suicide bombing in Kurdish capital

Residents in what was Iraq’s safest city fear an increase in jihadist attacks, reports Patrick Cockburn
Underwater photography competition winners 2014 - in pictures

'Mysterious and inviting' shot of diver wins photography competition

Stunning image of cenote in Mexico takes top prize
Sir John Major: Negative West End portrayals of politicians put people off voting

Sir John Major hits out at theatres

Negative West End portrayals of politicians put people off voting
Kicking Barbie's butt: How the growth of 3D printing enabled me to make an army of custom-made figurines

Kicking Barbie's butt

How the growth of 3D printing enabled toy-designer to make an army of custom-made figurines