Sanofi to Buy Immunology Biotech Blueprint for $9.1 Billion

Sanofi agreed to buy Blueprint Medicines Corp. for at least $9.1 billion as the French drugmaker expands further in rare immunological diseases.

Sanofi will pay $129 per share in cash for the US biotech, it said in a statementBloomberg Terminal. That represents a 27% premium to Blueprint’s closing price on Friday.