Sanofi opens new $47M headquarters in U.K. with plans to employ 500

Sanofi
Sanofi has opened a new U.K. headquarters, where it'll employ 500. (Sanofi)

So far, as Sanofi's CEO Paul Hudson has embarked on a “listening tour” by visiting the company’s operations at various sites around the world. This week, that tour took the CEO to the U.K., where Sanofi has opened a new £37 million headquarters. 

Hudson and other Sanofi representatives met with Britain’s health secretary Matt Hancock for the HQ opening ceremony at the Thames Valley Park in Reading, Pharmafield reports. Sanofi plans to employ 500 people at the facility. In all, the drugmaker has spent £37 million ($46.9 million) on the 70,000-square-foot office, and it's consolidating three other offices in the country into its new facility, according to the publication.

Sanofi UK Managing Director Hugo Fry said the park is “well located and connected, but also home to global technology leaders and one of the best places for life sciences in the world,” as quoted by PharmaTimes. 

On-Demand Webinar

De-Risking the Solid Form Landscape of an API

This presentation will discuss how predictable stability and solubility can minimize development timelines and cost. Attend to hear about two case studies exemplifying the importance of understanding the hydration space of an API and how hydrate formation may be avoided by development of a robust crystallization procedure.

RELATED: The top 15 pharma companies by 2018 revenue | Sanofi

The opening of Sanofi’s new U.K. headquarters follows news that the company plans to open a new shared services site in Hungary, where it intends to employ 350 people. The drugmaker has also said it’s trimming its headcount in Japan through voluntary early retirements

And the company is considering strategic options in Bangladesh, it confirmed, after local reports said the drugmaker planned to exit the country. 

Those moves follow years of restructuring under former CEO Olivier Brandicourt. Sanofi in June chopped 466 jobs in its R&D organization in France and Germany as part of a pivot away from cardiovascular diseases and toward cancer drugs and gene therapy. In April, the company said it planned to lay off an undisclosed number of U.S. sales staffers as it continued to deal with pricing pressure. 

The company employed 104,266 workers at the end of last year, down slightly from 106,566 at the end of 2017 and 106,859 at the end of 2016. 

RELATED: CEO Paul Hudson's turning 'clear eyes' on Sanofi—and hinting at changes ahead 

Hudson, meanwhile, joined the drugmaker from Novartis last month and has been meeting with executives and employees to formulate a new strategy for the company that he plans to unveil at an event in December. As Hudson reviews the business, he's aiming to take an “objective” look at all of its operations, including diabetes.  

Suggested Articles

J&J's talc woes deepened Friday after the FDA turned up "sub-trace" levels of asbestos one bottle of the company's baby powder,…

Another major drugmaker is recalling in the U.K. 10 batches of its Zantac generics because they contain a possible carcinogen.

With diagnosis rates on the rise, Pfizer's Vyndaqel franchise could collect $157 million in 2019 U.S. sales, well above consensus, SVB Leerink says.