-- Bpifrance SACA is looking at a potential investment in Sanofi SA’s consumer health unit as it eyes bigger health investments, according to its executive director Jose Gonzalo.Kamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsThe French state-owned investment firm is in talks with “many funds” about the Sanofi business and may team up with the winning bidder, Gonzalo said at a Thursday briefing in Paris in response to a question on their strategy.
Separately, a sale of Les Laboratoires Servier’s generic drugmaker Biogaran is on hold due to the snap parliamentary elections in France, even though Bpifrance has put in a non-binding bid with BC Partners, Gonzalo said. The business has also drawn potential bidders including Indian drugmakers Torrent Pharmaceuticals Ltd. and Aurobindo Pharma Ltd., Les Echos and L’Informé have reported.
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