What is the relationship between Sanofi and Regeneron Pharmaceuticals in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

Elsewhere, French drugmaker Sanofi (NasdaqGM: GCVRZ - news ) advanced as it said it has entered into a research agreement with Regeneron Pharmaceuticals (NasdaqGS: REGN - news ) and will invest $2.17bn to develop new cancer treatments together.

Answer: owner_of