Stock fell sharply after the U.S. Food and Drug Administration approved a generic competitor to its flagship Somatuline hormone drug earlier than expected.
The French drugmaker is considering building a production site in the U.S., joining other European companies looking across the pond when planning new investments.
The drugmaker sees gaps in its portfolio and has the financial means to fill them, its chief business officer said, signaling more deals are to come after this week's pair of acquisitions.
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