Sanofi (SNY) Invests $625 Million in Sanofi Ventures

Sanofi (NASDAQ:SNY) is one of the Best and Cheap Stocks to Buy Right Now. On September 24, Sanofi (NASDAQ:SNY) announced an additional $625 million investment in Sanofi Ventures to boost the fund’s total assets to over $1.4 billion.

Management noted that this investment supports the venture’s long-term focus on biotech and digital health startups. Sanofi (NASDAQ:SNY) founded Sanofi Ventures in 2012; which has invested more than $800 million in around 70 companies internationally. The venture invests in companies of all stages from early seed to IPOs. Management noted that they support companies by sitting on the boards and aiding in exits.

Sanofi (NASDAQ:SNY) is a global healthcare company based in France. The company researches, develops, manufactures, and markets medicines, vaccines, and consumer healthcare products.

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Disclosure: None. This article is originally published at Insider Monkey.