<div id="readability-page-1">01:57 PM EDT, 05/04/2026 (MT Newswires) -- Sanofi ( SNY ) said Monday it will invest 294 million Canadian dollars ($216 million) to expand its global AI Centre of Excellence in Toronto in a bid to accelerate the development and delivery of medicines.The expansion will create 50 new jobs focused on the designing and deployment of advanced AI tools, according to a statement.The expansion is also supported by a conditional grant of up to CA$5 million from the Invest Ontario Fund, the company said.Shares of Sanofi ( SNY ) were down 6% in Monday trading.Price: 43.30, Change: -2.78, Percent Change: -6.03 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

LABU

IBBQ

SBIO

Sanofi plans to invest 294 million Canadian dollars ($216 million) to expand its AI Centre of Excellence in Toronto, aiming to enhance medicine development and delivery. The expansion will create 50 jobs focused on advanced AI tools and is supported by a conditional grant of up to CA$5 million from the Invest Ontario Fund. However, Sanofi's shares fell by 6% during Monday trading, closing at $43.30.

Fidelity

Sanofi

Direxion S&P Biotech Bull 3X

Health Care Select Sector SPDR

Invesco Nasdaq Biotechnology ETF

iShares US Pharma

VG Health

SPDR S&P Biotech

iShares Global Healthcare

ALPS Medical Breakthrough

iShares Biotechnology ETF

Sanofi Plans $216 Million AI Center Expansion in Toronto