Pharma BD Deal Intelligence

Sanofi SA / Janssen Pharmaceuticals, Inc. (Johnson & Johnson)

2023 · Licensing/Option · $175M · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Oct 03, 2023 CIDRAP (University of Minnesota) Neutral

Sanofi and Janssen Pharmaceuticals today announced a licensing agreement to develop and market an investigational vaccine against extraintestinal pathogenic…

Jun 01, 2024 PMC / Gut Microbes — Vaccines against ExPEC review Neutral

Despite nearly 40 years of clinical trials, there is still no licensed vaccine against extraintestinal pathogenic Escherichia coli. ExPEC causes an estimated…

Feb 13, 2025 Sanofi Press Release (Phase 3 Update) Bearish

Sanofi and Johnson & Johnson today announced that they have decided to discontinue the Phase 3 E.mbrace study of ExPEC9V based on the recommendation of the…

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Sanofi entered an October 3, 2023 agreement with Janssen (Johnson & Johnson) to co-develop and commercialize ExPEC9V (VAC52416), a Phase 3 9-valent bioconjugate vaccine against invasive extraintestinal pathogenic E. coli disease (IED). Sanofi paid $175M upfront plus undisclosed development/commercial milestones, with a US/EU4/UK profit share and tiered royalties + sales milestones to Janssen in ex-major markets; the deal closed November 9, 2023. On February 13, 2025, the partners DISCONTINUED the pivotal Phase 3 E.mbrace study after an independent data monitoring committee found ExPEC9V did not demonstrate sufficient efficacy versus placebo in preventing IED (no safety concerns identified). Sanofi recorded a ~$250M impairment in Q4 2024 covering the upfront and development milestones paid to Janssen, reducing FY2024 IFRS EPS by EUR 0.15 while maintaining 2025 guidance. The licensed lead asset has effectively failed; the original commercialization thesis no longer holds. Upfront-only disclosed total was $175M; included under the Top-25 buyer rule.

Key facts

Related deals — scored

DealYearValueOutcome
Sanofi SA / Janssen Pharmaceuticals, Inc. (Johnson & Johnson) (this deal)2023$175M
Sanofi SA / Regeneron Pharmaceuticals, Inc.2007$1.0B97
Sanofi SA / Synthelabo S.A.1998$11.0B84
Sanofi SA / Genzyme Corporation2011$20.1B84
Sanofi SA / Amunix Pharmaceuticals Inc.2021$1.2B76
Sanofi SA / Genzyme Corporation2010$18.5B75
Sanofi SA / Translate Bio Inc.2018$805M73

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