Sanofi loses $21 bln in market value after dropping 2025 profit target

Sanofi loses $21 bln in market value after dropping 2025 profit target

Source: 
Reuters
snippet: 
  • Shares drop as drugmaker scraps 2025 margin target
  • Sanofi eyes consumer unit spin off late next year
  • CEO Hudson to boost drug development expenditure
  • Company says "long-term" earnings from innovative drugs in focus