October 31, 2009 / 12:59 PM / in 10 years

Sanofi wants to double vaccine business-paper

FRANKFURT, Oct 31 (Reuters) - Sanofi-Aventis (SASY.PA) wants to double its vaccine business in the next five years, its chief executive told a German newspaper on Saturday.

“We want to double it in the next five years. Its share in group sales will increase as a result from 10-11 percent to 15-16 percent,” Chris Viehbacher told Frankfurter Allgemeine Zeitung.

He said this was one of the reasons Sanofi-Aventis had bought a company in India, which has new vaccines, such as against cholera, in the pipeline.

There is also an enormous potential in Asia, he added.

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