Here's Why The Coronavirus Epidemic Could Boost Sanofi's Spinoff

Sanofi's (NASDAQ:SNY) decision to spin off its active pharmaceutical ingredient (API) manufacturing activities into a separate company might not have attracted much attention if the world wasn't in the midst of a coronavirus outbreak. Investors in the French drugmaker have been most focused on how new chief executive Paul Hudson will transform Sanofi from a company focused on diabetes and cardiovascular to one centered on higher growth areas like oncology.