PARIS, May 29 (Reuters) - The French government has told
drugmaker Servier it is against any sale of its generics
subsidiary Biogaran, which has a market share of almost a third
in the country, Prime Minister Gabriel Attal said on Wednesday.
French media reported last month that Servier had asked
potential suitors to file their offers by mid-June.
"Biogaran is a French jewel ... it (the brand) is one out of
eight medicine packs sold in our country. It represents more
than 8,500 direct and indirect jobs throughout France as well as
thousands of molecules that are useful, necessary for our
health," Attal told lawmakers.
"Dealing with a company as strategic as Biogaran, we have
been very clear with Servier: we do not wish that they sell
Biogaran."
Last month, the French government told ailing IT consulting
firm Atos it was intent on acquiring all of its
activities it deems strategic as the company restructures its
debt.
"If Servier nonetheless opts for a sale of Biogaran, we
would consider activating the screening of foreign investments
in France, which we have significantly strengthened since 2017,
a procedure that allows us to guarantee our sovereignty," Attal
said.
"We will monitor this case very closely, and I say it here
loud and clear, any non-European buyer should be ready for
drastic conditions even he nourished any hopes to buy Biogaran,"
Attal added.
Servier, an unlisted company which was recently in the news
for being ordered to pay a more than $470-million fine in
connection with the weight-loss pill Mediator, declined to make
any comment when contacted by Reuters.
Since Sanofi, France's largest pharmaceutical
company, missed out on the race for COVID-19 vaccines several
years ago, the issue of "health sovereignty" is high up on the
list of the French government.
(Reporting by Benoit Van Overstraeten and Diana Mandia; Editing
by Tassilo Hummel and Emelia Sithole-Matarise)