Sanofi Nears Decision on $1.6B Upgrade For Frankfurt Insulin Plant – Sanofi (NASDAQ:SNY)

French drugmaker Sanofi is poised to commit between 1.3 billion euros and 1.5 billion euros ($1.4 billion – $1.6 billion) to enhancing its insulin production site in Frankfurt, Germany.

The site in Frankfurt’s Hoechst district is known for producing the company’s insulin brand, Lantus.

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This move comes after initial plans to shift Lantus production to France were reconsidered.

The decision to invest in the Frankfurt site…