Market Updates

Sanofi-Aventis to ‘Supplement’ its Pharma Business

Pharmaceutical firm Sanofi-Aventis, Bridgewater, NJ, has announced that Chris Viehbacher, a former GlaxoSmithKline executive, will succeed Gerard Le Fur as CEO on Dec. 1st. Un­der Mr. Viehbacher, Sanofi-Aventis will attempt to diversify its activities by investing in dietary supplements. One of the new CEO’s missions will be to multiply acquisitions in the field of vitamins and minerals and other supplements. Mr. Viehbacher will pursue Sanofi-Aventis’ redefined strategy, which focuses on research and development adapted to new regulatory and economic constraints on the market, strengthening its presence in emerging segments, and developing other activities related to medicine and healthcare.

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