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2021-11-10
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Sanofi Is Said to Select Banks for $1.2 Billion Ingredients IPO
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Representatives for Bank of America, BNP Paribas, JPMorgan and Sanofi declined to comment.</p>\n<p>Active pharmaceutical ingredients are chemical molecules and biological substances essential to any drug. Interest in the sector increased amid the Covid-19 pandemic as Europe looked to safeguard local supplies of key drug ingredients, rather than rely on Asian manufacturers.</p>\n<p>In February 2020, Sanofi announced plans to create a new active pharmaceutical ingredients company generating around 1 billion euros in sales. 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