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Baxter in talks with Sanofi for Seprafilm unit

|About: Baxter International Inc. (BAX)|By:, SA News Editor

Baxter International (NYSE:BAX) is reportedly negotiating with Sanofi (NASDAQ:SNY) to acquire its Seprafilm business for $300M - 400M.

Seprafilm makes an adhesion barrier used in abdominal or pelvic laparotomy (surgical incision into the abdominal or pelvic cavity) as an adjunct to reduce the risk and severity of postoperative adhesions between the abdominal wall and underlying viscera.

SNY is up 1% premarket on light volume.

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