The CVR entitles Sanofi-aventis to receive additional cash payments if specified milestones related to Lemtrada (alemtuzumab MS) are achieved over time or a milestone related to production volumes in 2011 for Cerezyme and Fabrazyme is achieved.
Genzyme will become an important new platform in sanofi-aventis’ growth strategy and expand the company’s presence in biotechnology.
Sanofi-aventis is making Genzyme its global center for excellence in rare diseases, headquartered in Cambridge, Massachusetts, and will be led by Christopher Viehbacher, sanofi-aventis’ CEO.