12:27 PM EST, 11/22/2024 (MT Newswires) -- Sanofi ( SNY ) is planning to revise its policy regarding drug discounts for certain hospitals, The Wall Street Journal reported Friday, citing people familiar with the matter.

Under the new policy, hospitals will be required to provide pharmacy and medical claims information before receiving discounts mandated by federal regulations, the Journal reported.

Hospitals will be informed of the new model in a letter that Sanofi ( SNY ) plans to send on Friday, according to the report.

A Sanofi ( SNY ) spokesperson declined MT Newswires' request for comment.

Sanofi ( SNY ) shares were up 1.1% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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