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Drug Names(s): Tasermity (EU)
Description: Renagel prevents phosphate absorption by binding to dietary phosphate in the gastrointestinal tract. Renagel is a polyamine - a polymer that is loaded with amines. The amines provide a large number of positive charges that binds to the negatively charged phosphate anions.
Deal Structure: Historical drug revenue includes Renagel and Renvela.
In October 2010, Sanofi-aventis announced it has commenced a tender offer for all outstanding shares of common stock of Genzyme for $69 per share, net to the seller in cash, without interest and less any required withholding taxes. In April 2011, Sanofi-aventis announced that it successfully completed its exchange offer for all outstanding shares of common stock of Genzyme Corporation.
Partners: Chugai Pharmaceutical Co., Ltd.
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