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Sanofi Increases its Investment in Oncology in Spain by 35% to 6.7M in 2021

Immuno-oncology and molecular oncology are two of Sanofi’s most promising bets to tackle some of the most difficult-to-treat cancers. While immuno-oncology research is focused on finding new ways to boost the immune system so that it is able to detect and attack tumors, the focus of molecular oncology is on precision medicine, to identify a tumor’s genetic mutations so that researchers can tailor their treatment.

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Sanofi reaffirms its commitment to oncology. The French pharmaceutical company invested last year in Spain $7.1 million (€6.7 million) in oncology research, about 35% more compared to 2020, the multinational reports in a statement.

In total, in 2021, the company invested $53.4 million (€50 million) in Spain, in research and development (R&D) of innovative therapeutic solutions. Sanofi currently has ten molecules in different phases of research for different indications, with a special focus on those types of cancer that are difficult to treat. Specifically in Spain, of the 71 clinical studies that the company launched last year, 25 are in the oncology area.

Sanofi’s aim is to create the next generation of cancer drugs, addressing critical gaps and unmet needs of the medical community and patients. To this end, it is investing in new technology platforms to transform scientific discoveries into new approaches and potential treatments.

Another of the company’s priorities is to expand access to therapies and provide resources and support tools to patients, always joining forces and collaborating with all health agents involved in the approach to oncological diseases.

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Sanofi last year added 25 clinical studies in oncology in Spain

“Oncology is one of Sanofi’s bets for the future; we focus on the discovery and development of treatments based on solid scientific criteria and innovative technologies to respond to the unmet needs of oncology patients,” explained Raquel Tapia, general manager of Sanofi Iberia’s specialized medicine unit. “In this sense, we are proud to announce that the Spanish medical community and patients now have new therapeutic options for lung cancer and multiple myeloma,” she added.

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Immuno-oncology and molecular oncology are two of Sanofi’s most promising bets to tackle some of the most difficult-to-treat cancers. While immuno-oncology research is focused on finding new ways to boost the immune system so that it is able to detect and attack tumors, the focus of molecular oncology is on precision medicine, to identify a tumor’s genetic mutations so that researchers can tailor their treatment.

In terms of oncology research lines, Sanofi’s strategy focuses on the following diseases: multiple myeloma and other blood cancers, skin cancer, lung cancer, breast cancer, and other hormonal cancers.

In recent weeks, two new oncology treatments developed by Sanofi have become available in Spain to treat some of the most difficult cancers to treat: lung cancer and multiple myeloma.

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(Featured image by Ousa Chea via Unsplash)

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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.