Ipsen says €2 billion cash reserves give it firepower for more M&A

Ipsen's CFO Aymeric Le Chatelier said the company ended June with €2 billion in cash, which it describes as "firepower" for acquisitions.

The cash position gives the French biotech firm flexibility to pursue additional M&A opportunities, according to the executive.

The statement signals that Ipsen may look to expand its portfolio in the near term, though no specific targets were disclosed.