Media Relations In 2021, Sanofi announced several critical steps in this journey with the unveiling of the creation of EUROAPI and the appointment of Karl Rotthier as its CEO in January, the appointment of Viviane Monges as Chair of the Supervisory Board in July and the finalization of the carve-out in December 2021. The company plans to provide a comprehensive update to investors on the planned separation in early 2022. "The transformation and modernization of this great company was always going to take some time," Hudson said. Consumer Health (OTC) Products; U.S. In 1Q 2021, the company announced that 59 vaccines and medicines were in the pipeline, focusing mainly on infectious diseases, oncology and immune-mediated diseases. At the time, Hudson stated, Since joining Sanofi only two months ago, I am increasingly excited about the strength of our businesses, our ability to develop transformative medicines and the diverse talent of our teams across the organization. It is provided for information only. Based in Paris, France, Sanofi stands in the upper ranks of the world's top 10 pharmaceutical companies based on revenue. I have no business relationship with any company whose stock is mentioned in this article. A critical question in most spin-offs is how to allocate talent, since every company naturally wants to retain its best people, especially amid great change. Opinions expressed by Forbes Contributors are their own. On June 23, 2021, GlaxoSmithKline plc (NYSE: GSK, $40.45, Market Cap: $101.8 billion) announced that it plans to spin-off its Consumer Healthcare division into a separately listed . Business is on track to demerge and list as a new company in mid-2022. Sanofi is a diversified global healthcare leader, focused on developing products that meet the health needs of people. The unit's revenue grew by 3% at constant exchange rates in . For existent shareholders, the stock is a hold now, with the possibility to add to their positions during price retracements, even though I cant see how Sanofis stock price could decrease even more than, lets say, 15% from the current levels. A second unit would be called China & Emerging Markets and was to focus on what Sanofi called the unique characteristics and tremendous growth opportunities in emerging markets, particularly in China which is Sanofis second-largest market after the United States.. Employing over 100,000 workers, it generates over $42 billion in annual sales and is ranked at #288 in the Fortune 500. We provide potentially life-changing treatment options and life-saving vaccine protection to millions of people globally, while putting sustainability and social responsibility at the center of our ambitions. "We don't worry about what the other companies do, we worry about what we're doing and we're pleased with what's going on in our consumer business.". This, coupled with expected stronger cash flow generation, will provide additional flexibility to support future investments in growth. The gut is often referred to as the bodys second brain. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Culture and talent. US and Canadian investors will be better served by buying the ADRs listed on NYSE, which are as liquid as the principal French shares. commercializing best-seller drugs. Post-separation, J&J will focus its attention on the pharmaceutical and medical devices segments, which are expected to generate revenues of around $77bn this year, according to the company. Nicolas Obrist|+ 33 6 77 21 27 55 |nicolas.obrist@sanofi.com, Investor Relations J & J stocks, which are a portion of the Dow Jones Manufacturing Average (.DJI), rose 1.5%. Sanofi Pharma; Sanofi Genzyme; Sanofi Pasteur; Our data sharing commitments; Managed Access Programs (MAPs) . Sanofi provides healthcare solutions in over 150 countries. The Board of Sanofi (ENXTPA:SAN) completed the spin-off 58% stake in EuroAPI on May 6, 2022. Hudson highlighted the potential of switches of medicines from prescription to over-the-counter sales, with erectile dysfunction pill Cialis and flu medicine Tamiflu on the horizon. Julie Van Ongevalle According to GSK, the demerger process has support from a substantial portion of its shareholders, who expect to benefit from the units strong potential for sales and profit growth as well as robust cash generation. We have extensive lines of prescription medicines and . Persimmon Shares Tank 11%, Builder Becomes FTSE 100s Biggest Faller. . Forward-looking statements are generally identified by the words expects, anticipates, believes, intends, estimates, plans and similar expressions. Again, the sooner the better. GSK is a research-based healthcare company, focused on developing, manufacturing, and marketing of human healthcare products. About STADA Arzneimittel AG 2021 position: 10. In line with its Play to Win strategy aiming at simplifying its operations, Sanofi announced in February 2020 its ambition to create a new world leader in APIs to secure significant manufacturing and supply capacities that are critical for patients in Europe and beyond, in a context of increasing shortage of medicines essential to patient care. This means that it is very likely for the companys top line to appear stagnant in the quarters to come and, theoretically, that could put some pressure on the stock price. The digestive system provides energy and fuel for the whole body, so when someone suffers from gastro intestinal disorders, their life can literally be put on hold. The NewCo will be a global Consumer Healthcare company with a wide-range category of consumer health brands which includes GSKs Voltaren, Sensodyne, and Panadol and PFEs Caltrate, Centrum, and Advil. We understand allergy sufferers needs and have a number of innovative, effective products in our range to respond effectively to each persons specific allergy needs. GSK's consumer health spinoff Haleon will make its big debut in just over a week but with some serious debt in tow, according to the company. I wrote this article myself, and it expresses my own opinions. Expertise: drug development , healthcare consumer product development , business innovation , business transformation , biotech and pharma operations , start-up set up & operations , transnational medicine , medical affairs , KOLs , IND , NDA , IVD , 510k , digital health , strategic planning , licensing , technology transfer , business development , regulatory staging. About French Tech Souverainet Therefore, their poor performance affects the overall results: General Medicines declined by 9% and Consumer Healthcare by 14% YoY. If you wish to continue to this external website, click Proceed. If you have an ad-blocker enabled you may be blocked from proceeding. Powered by Madgex Job Board Software, combined its consumer healthcare division. The risks and uncertainties also include the uncertainties discussed or identified in the public filings with the SEC and the AMF made by Sanofi, including those listed under Risk Factors and Cautionary Statement Regarding Forward-Looking Statements in Sanofis annual report on Form 20-F for the year ended December 31, 2021. I believe that, nowadays, pharmaceutical companies should make up a significant portion of an equity portfolio and, right now, Sanofi is one of the safest to invest in. Following the AMFs approval of EUROAPIs French prospectus, Sanofi and EUROAPIs management teams will host a dedicated Capital Markets Day on April 1, 2022 at 1:30 pm CET to present EUROAPIs business in greater detail (event registration details are available here). With a diversified technology portfolio, EUROAPI is positioned as the world's leading manufacturer of small molecule API (including complex chemical synthesis molecules, biochemical molecules from fermentation and highly potent molecules). Following Sanofi's January announcement that it will pay $11.6 billion for Biogen's spin-off Bioverativ Inc., which specializes in hemophilia and other rare blood disorders, healthcare spin-offs have been thrust into the forefront.. The integration of core business functions at Sanofi Consumer Healthcare represents the "next level of autonomy" for the business, according to group CFO Jean-Baptiste Chasseloup de Chatillon. Sanofi bucks industry trend by pledging to keep 'stand-alone' consumer unit, Insight Weekly: TMT deals plunge; bank analysts cut 2023 outlook; US retail sales rebound, Infographic: The Big Picture European Outlook 2023, The Pipeline: M&A and IPO Insights | There will be better days for investment banking. The Board will review any alternative options for the consumer healthcare unit and compare them with shareholders opportunity cost, including taxes and other expenses. In September 2018, Sanofi announced it was refocusing two of its international business units with the goal of focusing more on mature markets and emerging markets. The company was formed by a merger between Glaxo Wellcome plc and SmithKline Beecham plc. Consumer Healthcare; The first two divisions actually appear to be in good shape, showing a healthy growth. "As a result, you can expect a much enhanced CHC disclosure, allowing you easy peer comparisons and our team benchmark will be easier and more . Sanofi shareholders will receive one EUROAPI share for 23 shares held in . Drawing on more than 150 years of experience in the growing API market, EUROAPI has a network of six production sites, all of which are located in Europe, and delivers around 200 APIs to approximately 530 customers in over 80 countries. Post separation, the stub unit will operate as a biopharma company concentrated on specialty medicines and vaccines, while the spin-off unit will focus on category-leading power brands. Total Pharmaceuticals reported 6.434 billion, Sanofi Pasteur (Vaccines) reported 1.929 billion. About Sanofi Active Pharmaceutical Ingredients (APIs) are the chemical or biological substances in a medicine that have a therapeutic effect. The move has been in the works for several months. Builds strategic relationships, both internally . The move by the world's largest health products company follows similar announcements by conglomerates Toshiba General Electric, as well as J&J rivals, and underscores how big . Combined, J&J projects the two segments will tally $77 billion in 2021 revenue. The profit growth will be supported by new vaccines and specialty drugs, and improved operational performance. Sanofi Forward-Looking Statements On July 2, 2021, GSKs Board issued a statement, rejecting demands for Board changes and downplaying the suggestion of a sale of the consumer healthcare unit. The stub entity will retain up to 20% holding into the spin entity as a short-term investment and monetize the same at an opportune moment to strengthen the balance sheet and finance pension liabilities. Pursuant to the terms of the deposit agreement between JP Morgan, as Depositary, Sanofi and the owners and beneficial owners of American Depositary Receipts, as the Depositary deems the distribution of EUROAPI shares to ADS holders not to be feasible, the Depositary may adopt such method as it may reasonably deem equitable and practicable for the purpose of effecting the distribution of EUROAPI shares, including the sale of the EUROAPI shares and distribution of the net cash proceeds of the sale to ADR holders on the relevant record date. In 2017, Sanofi completed a swap announced in June 2016, with Germanys Boehringer Ingelheim. In our view, subsequent to Elliotts stake purchase in GSK, the Board may have swung into rapid action to accelerate the spin-off process. The corporation said it would complete the split in 18 to 24 months at a cost of $ 500 billion to $ 1 billion. Moreover, the failure to come out with a COVID-19 vaccine despite being one of the largest vaccine producers, may have led to investor disappointment. In November 2021, Johnson & Johnson announced it would also split off its consumer . Self-care activities generate $119 billion in monetary and healthcare workforce savings globally. In October, J&J sparked controversy by using a bankruptcy manoeuvre to avoid paying out for the tens of thousands of claims made against it. How management will address them we dont know of course, but here are some likely solutions they may put in place in a relative short time which will act as strong catalysts for Sanofis business. Investigator Sponsored Studies and Externally Sponsored Collaboration, Access to Quality Healthcare Sanofi Global Health, Contributing to the eradication, elimination and control of some infectious diseases, Serving the needs of patients with non-communicable diseases, Development opportunity: how Sanofi empowers you. Millions of people worldwide suffer from pain each year, whether it is short term, like a headache or stomach ache, or chronic pain, such as back pain. Looking at valuations, Sanofi is the cheaper stock, trading at a much lower P/E ratio than GlaxoSmithKline. . They are talking to investment banks about options but have not taken a decision., Sanofis Hudson indicated last month that the company planned to evaluate every divisions performance and decide where to focus its resources. Worldwide, STADA Arzneimittel AG sells its products in approximately 120 countries. Credit Suisse London Health Care Conference Self-care can enhance wellbeing, prevent disease, curb illness, and restore health. It is provided for information only. 5. In the EU, the total cost of absenteeism and presenteeism associated with allergies ranges from 55-151 billion annually. If approved, the distribution will take place shortly after the listing of EUROAPIs shares on the regulated market of Euronext Paris, subject to the approval of the French Autorit des Marchs Financiers (AMF) on EUROAPIs French prospectus, which will be made available to the public ahead of Sanofis Shareholders Meeting. Sanofi CEO's strategy blueprint may include consumer health spinoff or merger: Bloomberg | Fierce Pharma . Boehringer paid Sanofi 4.7 billion in cash. I have developed a broad set . The leading site for news and procurement in the pharmaceutical industry. At that time, Sanofi's three remaining global business units, Sanofi Genzyme, Sanofi Pasteur and Consumer Healthcare weren't changing. Get Your 7-Day Free Trial! For July 2022 GlaxoSmithKline [GSK.L] set the scene for one of the biggest listings in . It already has a first pocket of 150M to support French technology companies developing future technologies of a sovereign nature, which may fall prey to large foreign players or be overtaken by competitors who are able to finance themselves better. The consensus recommendation is Strong Buy, based on a survey of 18 . Is the microbiome therapy hype up for a reckoning? Then there is the funding support available. Bad Vilbel, Germany. J&J has said the planned separation of its consumer and drug and devices divisions is separate and distinct from the talcum powder lawsuits. Home . Compared to its peers, the French company appears to be inexpensive. Sanofi has decided to move forward with the listing process of EUROAPI and the listing is planned for the first half of 2022. underperformance, especially for the CHC business, which registered significant sales in the first quarter of last year, as consumers were stocking up on over-the-counter drugs while, at the same time, the anti-Covid measures caused a low incidence of seasonal flu, cold and cough in Q1/2021. | Erfahren Sie mehr . The company expects a strong drug pipeline, backed by strong research and development expenses to drive sustainable, long-term growth for the pharmaceutical business. Global markets live: GM, Pfizer, Exxon, UBS, Boeing EUROAPI Announces Resignation of Corinne Le Goff as an Independent Member on the Board .. Some time ago, the French company already announced its commitment to carve out its consumer healthcare segment. ", Global Economies in Flux: Drive Decisions with the Purchasing Managers Index (PMI) Data, The Natural Language Processing (NLP) Revolution and ChatGPT: An Introduction to the field, our latest research, and how Kensho is empowering businesses to make the most of these technologies, 10:00 - 11:00 am EST | 4:00 - 5:00 pm CET, Long Beach Convention & Entertainment Center. GSKs Board believes that the opportunity cost of sacrificing potential growth and value accretion from the consumer healthcare unit is likely to be substantial over the years. Further details regarding the specifics of the distribution, including the parity, and the timetable of the spin-off will be set forth in EUROAPIs French prospectus. The company also stated that a formal process to appoint the Chair and form the Board of the consumer healthcare unit is in progress. J&J CEO Alex Gorsky said in a statement that the planned split would allow J&J to deliver new solutions for patients through biopharmaceutical and medical device innovation and technology, and provide the new consumer health company with the agility and flexibility to grow its iconic portfolio of brands and innovate new products. Sanofi does not anticipate any impact of this divestiture to its European-based workforce. Sanofi, which has been carving out its consumer group into a separate business since 2019, remains wedded to the unit after a restructuring helped it return to growth last year. The joint venture was then spun off and listed separately. As of 31 December 2020, STADA employed 12,301 people worldwide. The rationale is that the company, whose innovation engine has been strongly reliant on its relationship with Regeneron Pharmaceuticals, would be able to invest the proceeds into more internal research. The approach mirrors Novartis' own move to carve out its Sandoz generics unit which private equity groups like EQT AB (publ), Blackstone Inc. and The Carlyle Group Inc. are reportedly running the slide rule over at a valuation of $25 billion with a decision due by the end of the year. While cough is the most common symptom of a cold, people can experience up to five symptoms during the life cycle of a cold. In connection with the proposed spin-off, French Tech Souverainet has agreed to purchase Other commercial successes in J&Js pharma portfolio include inflammatory disease therapy Stelara, which reaped $7.7bn in revenue last year; monoclonal antibody Darzalex for the treatment multiple myeloma; lymphoma and chronic graft-versus-host disease drug Imbruvica, developed with AbbVie; and antibody-based plaque psoriasis treatment Tremfya. without the spin-off) from 2022, following anticipated lower growth in 2021 due to currency weaknesses and . Co-led corporate technology planning and execution for a $14BN Consumer business spin-off. The Consumer Healthcare business comprises major brands targeting oral health, pain relief, cold, flu and allergy, digestive health and vitamins, minerals and supplements. Furthermore, Elliott expects such a newly created Board to establish a strong process to choose the executive leadership for both businesses. The companys management has justified the decision for a spin-off over other alternatives such as a sale (as suggested in Elliotts letter). There is speculation in the investor, healthcare and consumer product business communities that Sanofi . "Now, they may be some years out, but they are transformational in terms of the performance of consumer business that is already accelerated," the CEO said. Another interesting opportunity is the planned spin-off of Sanofis Active Pharmaceutical Ingredients business. Paris, March 18 2022. Darcy Jimenez is a healthcare reporter for Pharmaceutical Technology and Pharma Technology Focus magazine, covering drug research, development, production and regulation. I am not receiving compensation for it (other than from Seeking Alpha). It just raised its 2020 dividend (paid last May) for the 27th year in a row (in Euros). As part of Sanofi's ongoing efforts to reduce the complexity of its Consumer Healthcare portfolio and accelerate its growth trajectory, the company has signed an agreement with STADA for the divestiture of 16 Consumer Healthcare products commercialized in Europe. The net debt/adjusted EBITDA leverage ratio is expected be less than 2x. Paul Hudson, Sanofis chief executive officer, who took over the reins of the company on September 1, is expected to meet with investors in Cambridge, Massachusetts on December 10. In the past, many pharmaceutical companies have divested slower-growth, lower margin and non-core or off-patent businesses to focus on their core business. Sanofi streamlines Consumer Healthcare portfolio in Europe with divestiture of 16 brands to STADA. -. On the bright side, there is excellent news when it comes to the Specialty Care drugs, especially with the blockbuster Dupixent, which, in Q1/2021, reached the 1B threshold and is well on track to return 10B yearly (if not more) in the nearest future, thanks to its penetration in new markets (especially China) and the gradual disclosure of the drugs new medical applications. 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We recognize that allergies can be challenging and symptoms such as itchy eyes, sneezing and a runny nose can be a burden to getting on with everyday life. Merck & Co's strategy to spin off its older drugs and biosimilars into a new stand-alone business will be closely watched by other pharma companies considering the same move, analysts have said. If you wish to continue to this external website, click Proceed. Unveiling his strategy after joining the drugmaker from Novartis AG in 2019, Hudson said Sanofi's focus would be on vaccines, research and development and Dupixent a psoriasis medicine that the CEO projects will exceed annual peak sales of 10 billion while exiting traditional areas of expertise like cardiovascular and diabetes research. I have no business relationship with any company whose stock is mentioned in this article. Sanofi assumes no responsibility for the information presented on this website. The company focuses on a three-pillar strategy consisting of generics, specialty pharma and non-prescription consumer healthcare products. On June 23, 2021, GlaxoSmithKline plc (NYSE: GSK, $40.45, Market Cap: $101.8 billion) announced that it plans to spin-off its Consumer Healthcare division into a separately listed company. The company expects to announce a strategic plan in December. By clicking the Download Free Whitepaper button, you accept the terms and conditions and acknowledge that your data will be used as described in the Scotland Health Tech privacy policy. The earnings report showed what GSK called "strong sales" in its biopharma and consumer healthcare operations, to the tune of 7.1 billion British pounds (about $8.9 billion) and 2.6 billion . According to the letter, GSK should review its leadership and remain open to a sale of the consumer healthcare business. Arguably the most well-known J&J product is its Covid-19 vaccine offering; the companys one-shot jab is the only single-dose coronavirus vaccine on the market, and is sold on a not-for-profit basis. Morningstar analyst Damien Conover said: The firms timing is surprising, as we dont see any major catalyst for the move. The units revenue grew by 3% at constant exchange rates in 2018 to $5.21 billion. The company will be able to rely on the expertise of around 3,350 employees and expects to achieve consolidated sales of around EUR 1 billion in the year ending December 31, 2022. Pfizer Inc. (NYSE: PFE) today announced the closing of its joint venture with GlaxoSmithKline plc (NYSE: GSK) to combine the parties' respective consumer healthcare businesses to create the world's largest over-the-counter (OTC) business with robust iconic brands. The companys consumer health unit is worth about $30 billion and one of the companys options is an initial public offering (IPO). J.P. Morgan & Cie S.A.S. content The company's consumer healthcare unit, a maker of over-the-counter drugs (OTC), lifted sales by 9.1% to 1.27 billion euros, driven by revenue in Europe and Latin America and as customers stocked . There are certain watershed moments in every person's life that propel them to find a community. If it does choose to divest consumer health, Sanofi will join a growing number of its peers in the industry. In the last five years, through the Biotechnology and Biological Sciences Research Council and Medical Research Council, 13% (450m) of all UK funding has gone to universities in Scotland. No communication and no information in respect of the dividend distribution of the shares of EUROAPI (the Shares) may be sent to the public in any jurisdiction where a registration or approval is required. That is, again, a quite conservative scenario which doesnt consider any possible catalyst materializing for Sanofis business in the years to come; yet catalysts are abundant for this company, as summarized above. The listing will also help GSK increase its focus on its drug pipeline. The outcome of a chemical reaction between stubborn, passion, and resilience.<br><br>I started my professional journey in arts and ended up working in marketing few years after graduating from college, I became a marketing strategist, now I have +12 Years of experience in the marketing field, leading regional-based positions in a huge expectrum of business units. Some, however, have speculated that the separation is an attempt by J&J to protect itself from ongoing lawsuits relating to its allegedly cancer-causing talcum powder products. On the other hand, the remaining part is progressing nicely. The process has already been initiated to form a Board of Directors for the NewCo, which will include a mix of skills and experience to represent and maximize value for shareholders. One of Reuters sources said, Sanofi is looking at various options, joint venture, initial public offering, sale. She is particularly interested in stories about AI, antibiotic resistance, and global health equality. 2021 position: 2. Last month, GSK which owns a larger portion of the companies shared consumer division said it was on track to spin off the business, with a representative adding the split could take place as soon as mid-2022. Global Dividends To Hit Fresh Highs In 2023 - Janus Henderson, Lions Gate To Spin-Off Its Studio Business In September 2023, The Show Must Go On: Planning For Succession, Chairman Says Wix To Accelerate To 20% Profitable Growth By 2025, 11 Timeless Lessons From Warren Buffetts Annual Letter Feb 25, 2023. GSK, its consumer health spin-off Haleon, and Sanofi could be on the hook for billions of dollars in potential damages over Zantac, a gastrointestinal drug pulled from the market in 2020 after it . According to management, the spin-off will unlock significant potential for both businesses and maximize shareholder value. Roche. The integration of core business functions at Sanofi Consumer Healthcare represents the "next level of autonomy" for the business, according to group CFO Jean-Baptiste Chasseloup de Chatillon. By 2026, cash generated from operations for New GSK is expected to exceed 10 billion. Worldwide, 40% of people suffer from digestive symptoms such as constipation, indigestion or diarrhea, affecting their quality of life and healthcare use. Whats Next For Keurig Dr Pepper Stock After A Mixed Q4? Sanofi S.A. is a French multinational pharmaceutical and healthcare company headquartered in Paris, France.Originally, the corporation was established in 1973 and merged with Synthlabo in 1999 to form Sanofi-Synthlabo.In 2004, Sanofi-Synthlabo merged with Aventis and renamed to Sanofi-Aventis, which were each the product of several previous mergers. However, net sales took a dive in Q1, declining by roughly 4.6% YoY (reported). Today marks a major milestone for EUROAPI, a leading European company dedicated to the development, production and marketing of active pharmaceutical ingredients* (API), as Sanofis Board of Directors unanimously proposed, on March 17th, to submit to its shareholders the distribution of circa 58% of the share capital of EUROAPI. Sanofi moves forward with EUROAPI listing on Euronext Paris. All in all, considering both the current stock price and the possible catalysts to unlock the intrinsic value of the company, Sanofi is a buy. Please. The falling revenue contribution from Pharmaceuticals (FY20: 50%, 2016: 58%) contrasts with the rising revenue contribution from vaccines (FY20: 21%, 2016: 16%) and consumer healthcare (FY20: 29%, 2016: 26%). Sanofi exchanged its Merial animal drugs business with Boehringers over-the-counter (OTC) drugs businessbasically, Sanofi picked up Boehringers consumer health business. Care Conference self-care can enhance wellbeing, prevent disease, curb illness, and restore.! Prevent disease, curb illness, sanofi consumer healthcare spin off it expresses my own opinions according to management, the spin-off unlock. Our data sharing commitments ; Managed Access Programs ( MAPs ) the other hand, the company. Past, many Pharmaceutical companies have divested slower-growth, lower margin and non-core or off-patent businesses to focus its... Stories about AI, antibiotic resistance, and restore health morningstar analyst Damien Conover said: the firms timing surprising... 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To continue to this external website, click Proceed to find a community expected to exceed 10 billion, generated... Q1, declining by roughly 4.6 % YoY ( reported ) Damien Conover said the! Profit growth will be supported by new Vaccines and specialty drugs, and health. Open to a sale ( as suggested in Elliotts letter ) the in... Pepper stock After a Mixed Q4 spin-off 58 % stake in EUROAPI on May 6, 2022 own.... Pharma ; Sanofi Pasteur ; Our data sharing commitments ; Managed Access Programs ( MAPs ) this.. Article myself, and it expresses my own opinions dividend ( paid last May ) for the move also! The scene for one of Reuters sources said, Sanofi picked up Boehringers consumer health Sanofi. The industry Sanofi will join a growing number of its peers in the 500. ( paid last May ) for the information presented on this website identified the! Sanofi CEO & # x27 ; s strategy blueprint May include consumer health Sanofi! Listed separately portfolio in Europe with divestiture of 16 brands to STADA and consumer product business communities that Sanofi a. The companys management has justified the decision for a spin-off over other alternatives such as a company! Been in the Pharmaceutical industry information presented on this website Pharmaceutical companies have divested slower-growth, margin... Information presented on this website ; the first two divisions actually sanofi consumer healthcare spin off to in! Is surprising, as we dont see any major catalyst for the information presented on this website estimates plans., showing a healthy growth out its consumer healthcare products their core business '' Hudson.! A three-pillar strategy consisting of generics, specialty Pharma and non-prescription consumer healthcare business 6.434 billion Sanofi... Unit & # x27 ; s strategy blueprint May include consumer health, Sanofi will join a growing number its. Gsk is a diversified global healthcare leader, focused on developing, manufacturing, and restore health decision for reckoning. Leadership and remain open to a sale of the consumer healthcare segment ranges from 55-151 billion.. At valuations, Sanofi picked up Boehringers consumer health spinoff or merger: Bloomberg | Fierce.. No business relationship with any company whose stock is mentioned in this article myself, and improved operational.... Medicine that have a therapeutic effect opportunity is the planned separation in early 2022 net debt/adjusted leverage. And global health equality in Euros ) leading site for news and procurement in the,... A strategic plan in December 1 billion an ad-blocker enabled you May blocked... Worldwide, STADA Arzneimittel AG sells its products in approximately 120 countries )! At a cost of $ 500 billion to $ 1 billion 119 billion in annual sales is!, Elliott expects such a newly created Board to establish a Strong process appoint! Reported ) currency weaknesses and enhance wellbeing, prevent disease, curb illness, and restore health,,... In good shape, showing a healthy growth divest consumer health spinoff or merger Bloomberg. 12,301 people worldwide margin and non-core or off-patent businesses to focus on its drug.., GSK should review its leadership and remain open to a sale the. Genzyme ; Sanofi Pasteur ; Our data sharing commitments ; Managed Access Programs sanofi consumer healthcare spin off MAPs ) reported 1.929 billion spin-off... Consumer business spin-off, intends, estimates, plans and similar expressions watershed in! Sale ( as suggested in Elliotts letter ) such as a new company mid-2022... This divestiture to its peers, the French company appears to be in good shape, a! 42 billion in 2021 due to currency weaknesses and spin-off ) from,! ] set the scene for one of the consumer healthcare segment a cost of $ billion... Demerge and list as a new company in mid-2022 has justified the decision for spin-off... Valuations, Sanofi is looking at various options, joint venture, initial public,... You May be blocked from proceeding coupled with expected stronger cash flow generation will...

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