Sanofi reinforces its presence in Morocco

Sanofi (EURONEXT: SAN and NYSE: SNY) announced today the opening of its new logistics hub in Casablanca, Morocco, during a ceremony attended by Christopher A. Viehbacher, CEO of Sanofi, Mahsoussi El Aid, General Secretary of Trade, Ministry of Trade, Industry and New Technologies, and El Houssaine Louardi, Minister of Health of the Kingdom of Morocco.

During the ceremony, Sanofi-Aventis Maroc, Sanofi-Aventis Group, the Ministry of Trade, Industry and New Technologies, and the Ministry of Health of the Kingdom of Morocco also signed three collaboration agreements intended to improve the care of patients with type I diabetes, those suffering from mental disorders and epilepsy, and training for careers in the pharmaceutical industry.

“I am very pleased to inaugurate the new Sanofi logistics hub in Morocco, which represents an investment of €20 million. It will become the largest distribution center for Sanofi’s pharmaceutical products on the African continent,” said Christopher A. Viehbacher, CEO of Sanofi. “As medicines alone cannot fight such diseases as diabetes, mental disorders and epilepsy, the collaborations signed today reinforce Sanofi’s commitment in building major programs with stakeholders in the public and private sectors to provide solutions for prevention, awareness and diagnosis for the benefit of patients.”

Sanofi has been present in Morocco for over 50 years and is the market leader in the country.