570 Million Dollar Deal Sanofi to Acquire Biotechnology Company Vigil Neuroscience

Source: Sanofi 1 min Reading Time

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Expanding its focus on neurodegenerative diseases, Sanofi plans to acquire Vigil Neuroscience in a deal worth up to 570 million dollars. The move brings VG-3927, a potential Alzheimer’s treatment, into Sanofi’s early-stage pipeline and builds on an earlier strategic investment.

Sanofi will acquire all outstanding shares of Vigil for $8 per share in cash, valuing the company at approximately 470 million dollars.(Bild:  frei lizenziert /  Pixabay)
Sanofi will acquire all outstanding shares of Vigil for $8 per share in cash, valuing the company at approximately 470 million dollars.
(Bild: frei lizenziert / Pixabay)

French pharmaceutical company Sanofi announced that it has entered into an agreement to acquire Vigil Neuroscience, a publicly traded clinical-stage biotechnology company focused on developing novel therapies for neurodegenerative diseases. This acquisition in neurology, one of Sanofi’s four strategic disease areas, enhances its early-stage pipeline and includes VG-3927, which will be evaluated in a phase 2 clinical study in Alzheimer’s disease.

In June 2024, Sanofi made a 40 million dollar strategic investment in Vigil that included the exclusive right of first negotiation for an exclusive license, grant, or transfer of rights to research, develop, manufacture, and commercialize VG-3927. VGL101, Vigil’s second molecule program, is not included in the transaction.

Sanofi will acquire all outstanding shares of Vigil for 8 dollars per share in cash, valuing the company at approximately 470 million dollars. Additionally, Vigil shareholders will receive a non-transferable contingent value right (CVR) for an extra 2 dollars per share, payable upon the first commercial sale of VG-3927. Key stakeholders, including Bruce Booth, Atlas Ventures, and CEO Ivana Magovčević-Liebisch, representing about 16.2 % of Vigil’s shares, have agreed to support the deal.

The companies expect the transaction to close in Q3 2025.

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