French "Sanofi" launches the Corona vaccine for $ 11

An executive at the French pharmaceutical company Sanofi announced that the price of the Corona vaccine, which the company is currently developing with GlaxoSmithKline, will be about 10 euros or the equivalent of 11 dollars Only.

According to Arabiyanet, Oliver Bouguilot, the company's head of operations in France, said in an interview with Radio France Internationale, that the price of the vaccine may even fall below the price specified in advance. Noting that the company is taking into account the availability of the vaccine at an affordable price with the high demand expected for it if successful.

and Bogliot added that the company hopes that the vaccine will pass all safety standards during the next few months, provided that it will be put on the market in the first half of this year at the latest at the time it started The company tests human trials of the vaccine in cooperation with the British company last month only.

The head of the company’s operations in France spoke about the company's direction to launch its unit for the manufacture of active pharmaceutical ingredients in the money market during the next few months with the pursuit of the French parent company listed on the Paris Stock Exchange Towards providing more liquidity for its future business and research in the pharmaceutical industry.

Bogliot said the idea here is that we are thinking of creating a European giant for drug industry components and using liquidity to finance future expansions.

And last July, Reuters quoted unnamed sources, that the nascent company, which is expected to be put on the money market, will be valued between one and two billion euros.

The French company said last February that it plans to launch its drug manufacturing activities on the Paris Stock Exchange by 2022 before it works to accelerate the offering plans in conjunction with the manufacture of the Corona vaccine in cooperation With the UK company GlaxoSmithKline.

The shares of the French company rose in the first session of the week by about 2.5% after the announcement of its pricing plans for the expected Corona virus vaccine.

(Amazon fun knowledge)