Sanofi hopes to oust Medivation's board by August 1

June 8, 2016 11:37 AM

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PARIS Sanofi (SASY.PA) said on Wednesday it aims to remove the board of takeover target Medivation (MDVN.O) by Aug. 1 at the latest.

The French drugmaker named eight candidates to replace the entire board of the cancer firm last month, stepping up pressure on the company which has rejected its $9.3 billion approach.

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