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International Business Times
International Business Times
Business
Tom BARFIELD and Jurgen HECKER

France Bristles At Painkiller Maker's Sale To US Fund

Doliprane's distinctive yellow packaging can be found in almost every French medicine cabinet (Credit: AFP)

French drugmaker Sanofi's Monday confirmation that it plans to sell a controlling stake in its over-the-counter unit to a US investment fund sparked a new political backlash, stoked by fears the deal marks a loss of sovereignty over key medications.

Paris "must block the sale" using powers to protect strategic sectors, said Manuel Bompard, a senior lawmaker in hard-left France Unbowed (LFI), in an interview with broadcaster TF1.

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