Ron Renaud, Translate CEO (Translate Bio)

Sanofi bets $425M cash on a trans­for­ma­tion-style next-gen vac­cine deal — as the Big Phar­ma team makes a point

Back at the end of last March, with the world lock­ing down in the face of a pan­dem­ic, Sanofi tied up with mR­NA biotech Trans­late Bio an a hasti­ly patched-up Covid-19 deal that came with no mon­ey down on top of their orig­i­nal pact.

Now, as new Sanofi CEO Paul Hud­son plants the cor­po­rate flag on a quest to do a makeover of their slow-mo cor­po­rate im­age (see re­lat­ed sto­ry), Sanofi widened its em­brace with an­oth­er add-on: And this one comes with the con­sid­er­able panache of a big up­front to cov­er a next-gen drug tech­nol­o­gy.

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