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Sanofi to Sell Its 20.6% Stake in Regeneron, but Keep Their Collaboration Intact

Sanofi to Sell Its 20.6% Stake in Regeneron, but Keep Their Collaboration Intact

Sanofi (NASDAQ: SNY) plans to sell most of its stake in longtime partner Regeneron Pharmaceuticals (NASDAQ: REGN). None of that will change after Sanofi sells its shares. Instead, the decision seems to be tied to Sanofi's desire to raise capital.