Sanofi says will keep Toulouse research site

[riky]

Sanofi says will keep Toulouse research site

<p><a href="http://news.yahoo.com/sanofi-says-keep-toulouse-research-121926771.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Ik0PL41BZ71c1GCy7tDL5g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-17T121926Z_1_CBRE94G0Y8H00_RTROPTP_2_SANOFI-RESULTS.JPG" width="130" height="86" alt="Chris Viehbacher, CEO of Sanofi, attends the company's 2012 annual results presentation in Paris" align="left" title="Chris Viehbacher, CEO of Sanofi, attends the company's 2012 annual results presentation in Paris" border="0" /></a>PARIS (Reuters) - Sanofi said it would overhaul rather than exit its Toulouse research site, as it seeks to break an impasse with the French government which opposed the drugmaker's reorganization plans and the loss of jobs. Sanofi has been regrouping its research operations around the world into regional hubs and closing some laboratories to cut costs as it grapples with the impact on revenues of patent loss on several top-selling drugs. Chief Executive Chris Viehbacher plans to move research facilities in France to Paris, Lyon and Strasbourg, while closing other sites and cutting jobs. ...</p><br clear="all"/>

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