Sanofi agrees to sell Seprafilm to Baxter for $350 million
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PARIS (Reuters) - Medical supply company Baxter International Inc said on Monday it had agreed to buy Sanofi 's Seprafilm unit, which makes specialist surgical products, for $350 million (£272.80 million) in cash.The deal should close by the end of the first quarter of2020, Baxter added in a statement confirming the purchase, which was reported earlier by Reuters. France's Sanofi is conducting a broad strategy review under new chief executive Paul Hudson, who will give some initial pointers..