A emblem on the Sanofi exhibition house on the Viva Technology convention devoted to innovation and startups at Porte de Versailles exhibition middle in Paris, France June 15, 2022.

Benoit Tessier | Reuters

French prosecutors have opened a preliminary investigation into multinational pharmaceutical firm Sanofi over possible market manipulation.

A judicial supply confirmed to CNBC on Tuesday that the Parquet National Financier, the French monetary prosecutor, opened a preliminary probe in March 2023 into counts of “dissemination of false or deceptive data and worth manipulation,” regarding the corporate’s previous monetary communications.

“Sanofi shouldn’t be conscious of any preliminary investigation on its 2017 accounts or different matter by the Parquet National Financier. We stand by the accuracy of our accounts,” Sanofi stated in an emailed assertion.

“As a listed firm, the monetary data printed by Sanofi is correct, exact and honest, and is duly audited by two auditing corporations. Sanofi reserves the fitting to take authorized motion in opposition to any false or defamatory allegations.”

The pharmaceutical large late final month diminished its forecasts for 2024/5 and noticed its share worth fall sharply, now down 6.8% on the 12 months.

CNBC’s Charlotte Reed contributed to this report.

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