PARIS, Jan 23 (Reuters) - French healthcare company Sanofi has agreed to buy the drug development project INBRX-101 from its parent company Inhibrx Inc for around $2.2 billion, the companies said on Tuesday.

As part of this deal, Inhibrx Inc shareholders will get $30 per share in cash, one contingent value right (CVR) equal to $5 and 0.25 shares in New Inhibrx, a new publicly traded company. (Reporting by Sudip Kar-Gupta; editing by Christian Schmollinger)