logo
Share SHARE
FONT-SIZE Plus   Neg

Sanofi And Medtronic Forms Strategic Diabetes Alliance - Quick Facts

Sanofi (SNY) and Medtronic, Inc. (MDT) announced that they have signed a memorandum of understanding to enter into a global strategic alliance in diabetes. The alliance aims at improving patient experience and outcomes for people with diabetes around the world.

French drugmaker Sanofi said that the allaince will initially cooperate on developing drug-device combinations and offering care management services for diabetes patients. Based on results of the two initial priorities, the companies may explore other areas for potential collaboration.

Financial terms were not disclosed.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions. Oil company Exxon Mobil Corp. on Friday reported a 63 percent fall in profit for the first quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results were impacted by the fall in crude oil prices and weaker refining margins. However, Exxon Mobil's earnings beat analysts' estimates, while Chevron's loss was wider than their expectations.
comments powered by Disqus
Follow RTT