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France bristles at painkiller maker's sale to US fund
France bristles at painkiller maker's sale to US fund
by  AFP

French drugmaker Sanofi's Monday confirmation that it plans to sell a controlling stake in its over-the-counter unit to a US investment fund sparked a new political backlash, stoked by fears the deal marks a loss of sovereignty over key medications.

Sanofi pursues sale of painkiller after political controversy
Sanofi pursues sale of painkiller after political controversy
by  AFP

Sanofi confirmed on Monday plans to sell a controlling stake in its over-the-counter unit to a US investment fund, after employment and investment guarantees relieved political controversy. The sale of a controlling 50-percent stake in Opella to CD&R values the maker of France's leading painkiller, Doliprane, at 16 billion euros ($17.4 billion), Sanofi said.

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