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Sanofi Advances Multiple Myeloma Treatments with EU Approval and US Orphan Drug Designation

Story Highlights
  • Sanofi’s Sarclisa was approved in the EU for transplant-eligible multiple myeloma patients.
  • Sanofi’s SAR446523 received US orphan drug designation for multiple myeloma.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sanofi Advances Multiple Myeloma Treatments with EU Approval and US Orphan Drug Designation

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The latest announcement is out from Sanofi ( (SNY) ).

In July 2025, Sanofi announced two significant developments in its multiple myeloma treatment portfolio. On July 25, 2025, the European Commission approved Sarclisa in combination with VRd for the treatment of transplant-eligible newly diagnosed multiple myeloma patients, based on positive results from the GMMG-HD7 phase 3 study. This approval marks Sarclisa’s availability in the EU across all lines of therapy for multiple myeloma. Additionally, on July 30, 2025, Sanofi’s SAR446523, a GPRC5D monoclonal antibody, received orphan drug designation in the US for multiple myeloma, highlighting the company’s commitment to addressing unmet needs in cancer care.

The most recent analyst rating on (SNY) stock is a Hold with a $67.00 price target. To see the full list of analyst forecasts on Sanofi stock, see the SNY Stock Forecast page.

Spark’s Take on SNY Stock

According to Spark, TipRanks’ AI Analyst, SNY is a Outperform.

Sanofi’s overall score is bolstered by strong earnings call performance and stable financial health, with positive strategic initiatives. Some caution is warranted due to cash flow weaknesses and valuation considerations.

To see Spark’s full report on SNY stock, click here.

More about Sanofi

Sanofi is a research and development-driven, AI-powered biopharmaceutical company focused on improving lives through innovative medicines and vaccines. The company leverages its deep understanding of the immune system to develop treatments that address urgent healthcare challenges globally. Sanofi is publicly traded on EURONEXT and NASDAQ.

Average Trading Volume: 2,107,118

Technical Sentiment Signal: Buy

Current Market Cap: $119.9B

See more insights into SNY stock on TipRanks’ Stock Analysis page.

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