Sanofi has a name for its ingredients spinoff, taps Centrient head Karl Rotthier as first CEO
As part of CEO Paul Hudson’s mission to revamp the company’s strategy around oncology and immunology R&D, Sanofi unwrapped plans in February to hive off its legacy API business. But Sanofi wants to maintain its EU heritage for the new company, and now has a name and new leader to move the spinoff ahead.
Sanofi will name its active pharmaceutical ingredients spinoff EuroAPI, a nod to the company’s roots in the EU and planned operations home base for what will be the second largest ingredients producer in the world, Sanofi said in a release.
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