Sanofi (NASDAQ:SNY) is one of the best low volatility large cap stocks to invest in. Deutsche Bank analyst Emmanuel Papadakis maintained a Buy rating on Sanofi (NASDAQ:SNY) on November 25, setting a €110 price target.
The same day, Sanofi (NASDAQ:SNY) announced the approval of Dupixent (dupilumab) by the European Commission for the treatment of “moderate-to-severe chronic spontaneous urticaria (CSU) in adult and adolescent patients 12 years and above with inadequate response to histamine-1 antihistamines (H1AH) and who are naive to anti-immunoglobulin-E (IgE) therapy for CSU”.
Management reported that Sanofi and Regeneron’s Dupixent can be used as a first-line targeted treatment option, and attained approval as the first targeted medicine in the EU in over a decade for chronic spontaneous urticaria.
Sanofi (NASDAQ:SNY) added that the approval was based on phase 3 studies that demonstrated a significant reduction in itch and hives at 24 weeks compared to placebo due to Dupixent.
Sanofi (NASDAQ:SNY) researches, produces, and distributes pharmaceutical products. The company’s operations are divided into the Pharmaceuticals, Consumer Healthcare, and Vaccines segments.
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Disclosure: None. This article is originally published at Insider Monkey.
