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S&P: Sanofi-Aventis unchanged
Standard & Poor's said its ratings on Sanofi-Aventis SA (AA-/stable/A-1+) are not affected by the likely loss of patent protection on its anti-thrombosis drug Plavix.
The agency said that this announcement followed the failed antitrust clearance of the group's earlier agreement with Canadian generic drugs manufacturer Apotex, which was essentially aimed at extending the period of Plavix's patent.
In addition, the U.S. Department of Justice is conducting a criminal investigation regarding the proposed settlement between the parties, S&P added.
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