“Bristol-Myers Squibb and Sanofi have had a long and successful collaboration helping patients with cardiovascular disease,” said Lamberto Andreotti, chief executive officer, BMS. “This revised agreement simplifies operations and supports our ability to focus on delivering our promising, innovation-driven R&D portfolio and setting the foundation for future success.”
“Our alliance with BMS has been extremely successful and value-generating for both partners,” said Hanspeter Spek, president, Global Operations, Sanofi. “The revised agreement further supports Sanofi’s strategic priorities while continuing to offer the clinical benefits of these well-established products to millions of patients around the world.”
BMS will also make a one-time payment of $80 million to Sanofi to resolve all previous disputes related to the Avalide supply disruption in the U.S. in 2011.