Sanofi-Aventis headquartered in Paris, France, is a multinational pharmaceutical company. The company is the world's fourth largest pharmaceutical company. Sanofi-Aventis engages in the research, development, manufacturing and marketing of pharmaceutical products for sale principally in the prescription market, but they also develop over-the-counter medication. Sanofi-Aventis cover 7 major therapeutic areas: cardiovascular, thrombosis, oncology, diabetes, central nervous system, internal medicine and vaccines (with its subsidiary Sanofi Pasteur).
Sanofi-Aventis is a full member of the European Federation of Pharmaceutical Industries and Associations (EFPIA).
Sanofi Aventis was formed in 2004 when Sanofi-Synthélabo
. In early 2004, Sanofi-Synthélabo made a hostile takeover
bid worth €47.8 bn for Aventis. Initially, Aventis rejected the bid because it felt that the bid offered inferior value based on the company's share value. The three-month takeover battle concluded when Sanofi-Synthélabo launched a friendly bid of $54.5 bn in place of the previously rejected hostile bid. French government intervention also played an active role. The French
government, desiring what they called a "local solution", put heavy pressure on Sanofi-Synthélabo to raise its bid for Aventis after it became known that Novartis
, a Swiss
pharmaceutical company, was in the running.
was formed in 1999 when Sanofi
(former subsidiary of Total
) merged with Synthélabo
(former subsidiary of L'Oréal
). The merged company was based in Paris, France.
The Canadian operations of Sanofi-Aventis began as Connaught Laboratories/Connaught Medical Research Laboratories of the University of Toronto from 1914 to 1972. It was purchased by federal government's Canadian Development Corporation and later privatized. Sold to the French Institut Mérieux in 1989 and renamed Pasteur Merieux Connaught. A series of mergers would follow and the Canada unit was renamed Connaught Campus" of Aventis Pasteur. It is now the Canadian unit of Sanofi Pasteur and part of the Sanofi-Aventis empire.
Aventis was formed in 1999 when Rhône-Poulenc
S.A. merged with Hoechst Marion Roussel, which itself was formed from the merger of Hoechst AG
with Roussel Uclaf and Marion Merrell Dow. The merged company was based in Schiltigheim, near Strasbourg
Dehecq has been the General Manager of Sanofi since its creation in 1973.
Stockholders, Sanofi-aventis ownership structure as of February 29, 2008
- Breakdown of share ownership: 12.64% by Total, 8.65% by L'Oréal, 3.07% treasury shares, 1.24% employees, the remaining 70.40% are publicly traded.
- Voting rights distribution: 19.55% to Total, 14.72% to L'Oréal, 1.98% to employees, and 63.75% to the public.
- 28 billion euros= Consolidated net sales 2007
- 4,537 M euros = R&D expenditure representing 16.2 % of net sales
- Nearly 100,000 employees
The Aventis Foundation, a German
charitable trust, was established in 1996 as the Hoechst Foundation
with an endowment
of €50 million. In 2000, the foundation was renamed the Aventis Foundation subsequent to the 1999 merger of Hoechst and Rhône-Poulenc. The foundation was responsible for sponsoring the Aventis Prizes for Science Books
, which celebrate the very best in popular science writing for adults and children, and which have grown to be one of the world's most prestigious non-fiction literary prizes. In 2006, the foundation severed its connection with the prizes and from 2007 they have been known as the Royal Society Prizes for Science Books
and are managed by the Royal Society
, the UK
national academy of science.
In addition to internal research and development activities Sanofi-Aventis
is also involved in publicly funded collaborative research projects, with other industrial and academic partners. One example in the area of non-clinical
safety assessment is the InnoMed PredTox
. The company is expanding its activities in joint research projects within the framework of the Innovative Medicines Initiative
and the European Commission