France-based pharmaceutical major Sanofi has acquired the rights to an investigational acne treatment, signalling a move into the lucrative market.
The company’s Sanofi Pasteur unit has signed a collaboration agreement with the University of California, San Diego, US, to focus on acne prevention through an immunological approach.
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Sanofi estimates that the worldwide market for acne treatments could be worth in excess of $3bn per year, with more than 50 million people suffering from acne in the US alone.
Financial terms of the agreement have not been disclosed.
