Blackstone Life Sciences backs Sanofi clinical trials

Patients with multiple myeloma, a rare cancer affecting white blood cells, may have new treatments available thanks to a €300 million ($330 million) collaboration between Blackstone Life Sciences (BXLS) and Sanofi.

French pharmaceutical company Sanofi will use the capital to accelerate its global pivotal studies and in the clinical development program for Sarclisa, a multiple myeloma treatment that uses a subcutaneous formulation and delivery of the anti-CD38 antibody Sarclisa. The pivotal study is slated to begin in the second half of 2022.

If the treatment is successful, BXLS will be eligible to receive royalties . . .

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