Sanofi is already one of Ablynx's big pharma partners, after striking a deal in July 2017 to find new treatments for inflammatory diseases
The drug firm had posted a net profit of Rs 86.1 cr in the corresponding period of FY17
Proxy firm Stakeholders' Empowerment Services (SES) has raised concerns over the board composition of Sanofi India, where two former Kingfisher Airlines directors AK Ravi Nedungadi and Subash Gupte are serving as independent directors along with former RBI deputy governor Usha Thorat. "SES reiterates that there is no legal violation as far as board members are concerned. However, shareholders would be interested to know boardroom chemistry between an ex Regulator (Dr. Usha Thorat) and an ex-director of a company declared wilful defaulter," the firm said in a note ahead of the pharma major's annual general meeting on Friday. Kingfisher Airlines (KFA) has been declared as a willful defaulter by several banks after being grounded in October 2012 and its promoter Vijay Mallya is facing several proceedings including one to extradite him from UK. Nedungadi, who was a director of KFA till April 2014, had been associated with various Mallya businesses since the 1990s. Gupte, a former Air ...
Interview with Managing Director, Sanofi India
Yet again drug regulator finds painkiller 'sub-standard'
Stating the company understands its responsibility of making and distributing affordable essential medicines to all sections of society