Sanofi India refund claim of ₹11.62L rejected by State GST

1 min read     Updated on 25 Jun 2026, 02:19 AM
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AI Summary

Sanofi India disclosed that the Deputy Commissioner of State GST, Ahmedabad, Gujarat, rejected its refund application of ₹11,62,853 for the period 2014-15 to 2017-18. The order, dated June 23, 2026, deemed the application non-maintainable as the claim pertains to a pre-deposit under the Central Excise Act, 1944, rather than tax under the CGST Act, 2017. The company stated it will file appeals before the Appellate Authorities and confirmed that the order has no material impact on its financial or operational activities.

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Sanofi India reported that the Deputy Commissioner of State GST, Ahmedabad, Gujarat, rejected its refund application of ₹11,62,853 for the period 2014-15 to 2017-18. The order, received on June 23, 2026, stated that the refund claim arises from a debit of the Electronic Credit Ledger (ECL) towards mandatory pre-deposit under the Central Excise Act, 1944, and not as tax under the CGST Act, 2017. Consequently, the authority ruled that the application is not maintainable before State GST as the matter falls under the domain of Central GST.

Details of the Order

The rejection follows the company's filing of an appeal under the Central Excise Act, 1944, for the period 2014-15 to 2017-18 (till June 2017). During this process, the company had paid a mandatory pre-deposit of ₹11,62,853 by debiting its ECL. It subsequently filed an application for the refund of this amount before the State GST authorities.

The table below outlines the key details of the regulatory order:

Detail Description
Name of the authority Deputy Commissioner, State GST, Ahmedabad, Gujarat
Nature of action Rejection of refund application for INR 11,62,853
Reason for rejection Claim arises from Central Excise Act pre-deposit, not CGST Act tax; falls under Central GST domain
Date of order June 23, 2026

Company Response and Impact

In response to the order, Sanofi India stated that it intends to file appeals before the relevant Appellate Authorities. Regarding the consequences of this regulatory action, the company confirmed that there is no material impact on its financial, operational, or other activities.

Historical Stock Returns for Sanofi

1 Day5 Days1 Month6 Months1 Year5 Years
-1.28%+1.56%+6.08%-18.18%-44.04%-56.57%

What is the likelihood of success for Sanofi India's appeal before the Appellate Authorities given the jurisdictional complexity?

Could this rejection set a precedent for other companies facing similar refund claims involving pre-GST transition periods?

How might this legal battle impact Sanofi India's future compliance strategies regarding the use of Electronic Credit Ledger?

Europe approves Sanofi's multiple sclerosis drug despite FDA rejection

2 min read     Updated on 23 Jun 2026, 11:57 PM
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Sanofi secured European Commission approval for Cenrifki (tolebrutinib) to treat non-relapsing secondary progressive multiple sclerosis, supported by Phase 3 HERCULES study data. The approval comes despite the FDA rejecting the drug due to liver injury risks, leading Sanofi to book a 1.66 billion-euro write-down. Additionally, Japan's Ministry of Health approved Wayrilz for persistent or chronic immune thrombocytopenia based on Phase 3 LUNA 3 trial results.

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Sanofi SA secured regulatory approval in Europe for Cenrifki (tolebrutinib) to treat adults with non-relapsing secondary progressive multiple sclerosis (SPMS), marking the first disability-targeting medicine for this specific patient population in the region. The approval addresses a critical unmet need, though the drug continues to face safety challenges following a rejection by U.S. regulators. The European Commission's decision is supported by results from the Phase 3 HERCULES study, which demonstrated that Cenrifki significantly delayed the onset of disability progression in patients with non-relapsing SPMS.

Clinical Trial Overview

The approval relies on data from three key phase 3 studies evaluating the efficacy and safety of tolebrutinib across different forms of multiple sclerosis.

Study Name Identifier Indication Primary Endpoint
HERCULES NCT04411641 Non-relapsing SPMS Six-month confirmed disability progression (CDP)
GEMINI 1 NCT04410978 Relapsing MS Annualized relapse rate
GEMINI 2 NCT04410991 Relapsing MS Annualized relapse rate

Safety Profile and Regulatory Challenges

The safety profile of Cenrifki was consistent across the clinical program, with the most common adverse events being COVID-19 and upper respiratory tract infections. However, significant liver enzyme elevations were observed, and drug-induced liver injury (DILI) was identified as a potential safety risk. In December 2025, the U.S. Food and Drug Administration (FDA) issued a complete response letter for the new drug application, determining that the proposed risk evaluation and mitigation strategy could not adequately mitigate the serious risk of severe DILI. Consequently, Sanofi booked a 1.66 billion-euro write-down on tolebrutinib alongside its 2025 results.

Launch Plans and Risk Management

Sanofi plans to make Cenrifki commercially available in Germany later this year. The launch will be supported by a required Risk Management Program and a robust Patient Support Program, involving close collaboration between local medical teams, MS specialists, and patients. Strict adherence to liver monitoring requirements and prompt management of enzyme elevations are necessary to mitigate the risk of liver injury. Cenrifki is an oral, brain-penetrant Bruton's tyrosine kinase inhibitor designed to target smoldering neuroinflammation, a key driver of disability progression.

Additional Regulatory Milestone in Japan

Separately, Japan’s Ministry of Health, Labor and Welfare granted marketing and manufacturing authorization for Wayrilz (rilzabrutinib) for persistent or chronic immune thrombocytopenia (ITP) in patients who have not responded adequately to existing therapies. The approval was based on data from the Phase 3 LUNA 3 trial involving 202 adults, where 23% of patients receiving Wayrilz achieved a durable platelet response at week 25, compared with none in the placebo group.

Historical Stock Returns for Sanofi

1 Day5 Days1 Month6 Months1 Year5 Years
-1.28%+1.56%+6.08%-18.18%-44.04%-56.57%

What specific strategies will Sanofi employ to overcome the FDA's safety concerns regarding drug-induced liver injury to potentially secure U.S. approval?

How will the strict liver monitoring requirements impact the commercial adoption and treatment costs of Cenrifki in European markets?

What are the implications of the 1.66 billion euro write-down on Sanofi's future R&D investment strategy for high-risk neurological assets?

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1 Year Returns:-44.04%