May 5 Medivation Inc :

* Medivation reiterates rejection of Sanofi's substantially inadequate proposal

* Board believes execution of co's business plan will deliver value to its stockholders that is far superior to Sanofi's proposal

* Notes that Sanofi's letter restates an inadequate proposal that medivation board has already determined substantially undervalues co Source text for Eikon: Further company coverage:



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