Sanofi says Genzyme won't hit first milestone in CVR deal

07/28/2011 | Reuters

Sanofi said it doesn't expect Genzyme to receive its first milestone fees under a contingent-value right agreement due to the company's inability to resume normal supply of Fabrazyme, one of its key drugs for rare diseases. "To return to normal supply levels of Fabrazyme for existing and new patients, the use of extra capacity at Genzyme's new manufacturing plant in Framingham, Mass., is required," the company announced.

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