Receive Breaking News updates as they occur
French drugs giant Sanofi threatened Wednesday to sack the entire board of US rival Medivation, dramatically turning up the heat in an acrimonious, multibillion-dollar takeover battle. Sanofi launched the attempt to replace all board members of Medivation after being repeatedly spurned in its attempts to purchase the group, which makes a high-priced, blockbuster prostate cancer medication called Xtandi. As a shareholder in Medivation, the French company has the right to seek written support from fellow shareholders to overturn the board of its US rival.
BAKU, Azerbaijan (AP) — A court in Azerbaijan on Wednesday ordered a prominent, award-winning investigative journalist to be released on probation following a storm of international protests about her case, which has been widely seen as an attempt to silence a critical voice.