French Authorities Investigate Sanofi for Possible Market Manipulation
French prosecutors have launched a preliminary investigation into multinational pharmaceutical company Sanofi over potential market manipulation. The investigation is focused on allegations of disseminating false or misleading information and price manipulation related to the company's past financial communications. Sanofi denies any knowledge of the investigation and asserts the accuracy of its financial accounts. The company recently revised its forecasts for 2024/5, leading to a significant drop in its share price.