Pharma BD Deal Intelligence

Sanofi SA / Owkin, Inc.

2021 · Co-Development · $270M · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jan 12, 2021 American Cancer Society Cancer Facts & Figures 2021 Neutral

In 2021, an estimated 235,760 new cases of lung cancer (~85% NSCLC), 281,550 new cases of breast cancer (10-15% triple-negative), 3,000 new cases of…

Nov 18, 2021 Owkin Unicorn Announcement Bullish

Owkin announces a $180 million investment from Sanofi as part of a broader strategic collaboration, bringing the company's valuation above $1 billion and…

Dec 22, 2023 Fierce Pharma Bearish

Sanofi is discontinuing development of tusamitamab ravtansine, a CEACAM5-targeting antibody-drug conjugate, after the Phase 3 CARMEN-LC03 study failed to show…

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Sanofi made a $180M equity investment in Owkin and entered a three-year strategic collaboration in four cancer types (NSCLC, TNBC, mesothelioma, multiple myeloma) with $90M in research payments plus milestones. The deal leverages Owkin's federated learning AI for biomarker discovery and clinical trial design. The collaboration was executed and has since deepened: in March 2024 the partners expanded it into AI-driven drug positioning across Sanofi's immunology pipeline, and on June 5, 2026 they announced a new five-year agreement under which Owkin builds bespoke AI-agent biopharma tools for Sanofi powered by Owkin's K Pro AI-scientist platform (financial terms of the 2024 and 2026 expansions undisclosed).

Key facts

Related deals — scored

DealYearValueOutcome
Sanofi SA / Owkin, Inc. (this deal)2021$270M
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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