Bristol-Myers Squibb ( BMY) hired bankers to weigh a possible deal with Sanofi ( SNY), the Financial Times reported.
The news comes just days after Bristol shares surged following a French newsletter report that the partners in blockbuster bloodthinner Plavix had signed a premerger agreement. Bankers denied that, the FT said. The news comes as Bristol struggles under interim chief Jim Cornelius to overcome legal and operational questions left by his predecessor, Peter Dolan, who was cashiered late last year after botching talks aimed at licensing Plavix to a generic competitor. Bristol-Myers hired Lehman Brothers, Citigroup and Morgan Stanley, the FT said, citing people familiar with the companies.