Sanofi’s recent stock rout underscores the pressure on the French drug maker to redouble its efforts in the hunt for new medicines.
“My belief is that [the stock price] recovery will come because of an incredible disconnect between the fundamentals of the company and its valuation,” finance chief Jean-Baptiste de Chatillon told Reuters last week.. For Markus Manns, portfolio manager at Germany-based Union Investment, which holds Sanofi stock, this is misplaced optimism following the failure of amcenestrant.
That is piling pressure on Hudson, a former Novartis executive, who was tasked with reviving the share price and simplifying the business centred on vaccines, immunology, rare diseases and oncology.