Will new Genzyme stumble cripple its bargaining position?

After taking a good hard look at its troubled Allston plant, Genzyme (GENZ) has extended the scope of its repair mission to up to four years--which could extend federal oversight until late in the decade. And that whiff of lingering trouble could smell sweet to Sanofi, which would like nothing better than to be the only bidder at Genzyme's M&A party. Pictet Asset's Marc Booty tells Bloomberg that the new timeline on remediation at Genzyme could let Sanofi cap its solo bid at $70, well below...