With Paul Hudson, Chief Executive Officer It followed a historic slump in over-the-counter sales for cough and cold medicines across the industry in 2020 as a result of social distancing and other pandemic-related regulations. 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. esgSubNav, Discover more about S&P Globals offerings. Landmark New England Journal of Medicine publication reinforces potential of GSK's respiratory syncytial virus older adult vaccine candidate. 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. 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. In addition to the previously proposed 3.33 cash dividend per Sanofi share, this additional extraordinary dividend, exclusively in kind, is subject to shareholders approval at Sanofi's May 3, 2022 Ordinary and Extraordinary Shareholders' Meeting. 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. | Erfahren Sie mehr . Private part time value investor. 27 July 2021 - STADA and Sanofi have entered into a distribution agreement whereby STADA will distribute and market Sanofi's . At CER, the growth was 15.3% and 5.3% respectively. Consumer Healthcare; Vaccines careers; Student / Graduate / Young Professionals; Discover more possibilities; Grow with us. Detail: Visit URL Category: Business View Health Final note: I am long Sanofi directly through its shares listed in Europe. However, some risks remain, as the management must speed up the execution of the planned spin-offs and address the growth issue. By Mark Terry. with a decision due by the end of the year. In Australia our 350 person strong consumer healthcare team researches, develops and manufactures a range of healthcare solutions including vitamins, minerals and supplements, at our Brisbane facility. GSK is a research-based healthcare company, focused on developing, manufacturing, and marketing of human healthcare products. Sanofi Offloads 16 Consumer Health Brands Health 9 hours ago Web As part of its quest to streamline consumer healthcareand eventually spin off the unit as a standalone businessSanofi will offload 16 consumer . Therefore, their poor performance affects the overall results: General Medicines declined by 9% and Consumer Healthcare by 14% YoY. Johnson & Johnson plans to spin off its consumer health division that sells Listerine and Baby Powder to focus on pharmaceuticals and medical devices in the biggest shake-up in the U.S. company's 135-year history. *About Active Pharmaceutical Ingredients (APIs) Co-led corporate technology planning and execution for a $14BN Consumer business spin-off. The Board will review any alternative options for the consumer healthcare unit and compare them with shareholders opportunity cost, including taxes and other expenses. The financial leverage is quite low too, which is a positive sign for the strength of the balance sheet and it could boost Sanofis M&A activity in the years to come, which is always an important option for big pharma companies. We believe the separation could be a trigger for driving improved share price appreciation, given that the stock has underperformed peers historically. However, if the consumer division no longer holds the deep pockets of the combined company, the risk of future consumer product litigation such as the large talc settlement may decrease.. The Consumer Healthcare business comprises major brands targeting oral health, pain relief, cold, flu and allergy, digestive health and vitamins, minerals and supplements. As a result, French Tech Souverainet will become a long-term reference shareholder of EUROAPI and will be represented by two non-executive members on EUROAPI's Board of Directors, including Benjamin Paternot and another member to be determined. 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. The prescription and pharmaceutical products that make up much of the new J&J company span several therapeutic areas, and include cancer drugs, vaccines and heart medicines. About STADA Arzneimittel AG For Isabelle and Garrett's families, connecting to others living with a rare disease offered answers . In connection with the proposed spin-off, French Tech Souverainet has agreed to purchase ", 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. Sanofi Pharma; Sanofi Genzyme; Sanofi Pasteur; Our data sharing commitments; Managed Access Programs (MAPs) . +33 (0)1 53 77 40 00, 46 avenue de la Grande Arme Sanofi shareholders will receive one EUROAPI share for 23 shares held in the parent company, and Sanofi plans to keep a 30% stake in EUROAPI. Roche. In the first quarter, the Specialty Care division grew at a pace of more than 7% YoY, while Vaccines fractionally grew by 0.7%. Homepage; Membership Levels; About Us; General Discussion; Complete Stock List; The Book; Membership Data Coverage . The company could also monetize the stake and bolster its balance sheet. Media Relations About Sanofi 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. Executive Vice President, Consumer Healthcare, on International Self-Care Day 2022, Self-care activities generate $119 billion in monetary and healthcare workforce savings globally.1, Self-care relieves a burden on healthcare providers, saving 1.8 billion hours of physicians time globally.1, Globally, self-care saves people around 11 billion hours.1*. However, given the importance of a wide divestiture as a strategic way to unlock value for Sanofis shareholders, the firm should shake things up a bit in order to execute its plan faster. 50 billion, which the drugmaker considered to undervalue the business. Is the microbiome therapy hype up for a reckoning? With this focused attention from management, the consumer-health spin-off enjoyed a relatively smooth path to independence and a successful public listing. Sanofi's CDMO spinoff set for next month as new group targets 2022 revenues of 1B. Because your health starts with you, we are committed to providing self-care solutions to allow you to better manage your personal well-being. Elsewhere, Sanofi said it expects trials of the COVID-19 shot being developed in conjunction with GSK to read out later this quarter, while a late-stage vaccine for respiratory syncytial virus developed with British COVID-19 vaccine-maker AstraZeneca PLC is expected to be filed with regulators this year. Post transaction, Sanofi confirms that it will hold circa 30% of the share capital and voting rights of EUROAPI and will remain a long-term strategic partner, supporting EUROAPIs growth ambitions as an independent company over the coming years. The yield is over 3.5% at the current prices. Opinions expressed by Forbes Contributors are their own. Moreover, the deal was in line with GSKs plan to demerge the JV from the company and to list the GSK Consumer Healthcare business on the UK equity market. Worldwide, STADA Arzneimittel AG sells its products in approximately 120 countries. The combined global sales were about $12.7 billion in 2017. In connection with the proposed spin-off, French Tech Souverainet has agreed to purchase 12% in EUROAPI shares from Sanofi for up to 150 million, with the acquisition price to be determined based upon the thirty day volume weighted average trading price ("VWAP") of EUROAPI's shares on Euronext Paris, starting on the first day of trading. As an independent stand-alone company, EUROAPI will be able to fully unlock its growth potential, offering the best alignment of strategy, value creation and financial objectives for all of Sanofis shareholders. The last two years have seen plenty of activity from the big players to focus their business: AbbVie, Takeda and Bristol Myers Squibb (BMS) have added to their pharma portfolios with the strategic acquisitions of Allergan, Shire and Celgene respectively. Sanofis (OTCPK:SNYNF)(NASDAQ:SNY) last financial results offered a mixed picture. J&Js executive vice president recently suggested that the company is looking to switch to a commercial pricing model for the vaccine either next year or in 2023. As a part of deal, GSK held majority controlling equity interest of 68% in the JV and the rest 32% equity interest was owned by Pfizer. Sanofi assumes no responsibility for the information presented on this website. And Scottish universities have a track record of securing UK funding. 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. Therefore, investors should approach this investment with a long-term mindset. Partnerships with universities allow companies to apply for UK funding streams. If you wish to continue to this external website, click Proceed. In 2018, Pfizer split itself into three business units after failing to sell off its consumer health segment. Low Back Pain (LBP) continues to be the leading reason for Years Lost to Disability (YLTD) in every region of the world,4 affecting around 1 in 10 people. 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. For July 2022 GlaxoSmithKline [GSK.L] set the scene for one of the biggest listings in . The pharmacological and medical device division maintains J & J's name, and the corporation expects a tax-exempt spin-off. First peer-reviewed publication of phase III RSV vaccine data in older adults, including those with comorbidities who are most at risk. The consumer arm comprised of million- and billion-dollar brands and offering products such as mouthwash, shampoo, and skincare will form a new publicly traded company in the next 18 to 24 months. 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. McGarry cited the potential for this spinoff, combined with a spinout of Sanofi's pharmaceutical ingredients business that Hudson said is expected "in just a few months," as reasons for upgrading stock in the Paris-based drugmaker to a "buy.". Johnson & Johnson, Bayer and Sanofi, according to Reuters, are close competitors in the consumer healthcare market. 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've already doubled the value of that pipeline in just 24 months, but it must continue. I have no business relationship with any company whose stock is mentioned in this article. Grow with us; Diversity & Inclusion; Development opportunity: how Sanofi empowers you; It is provided for information only. Total Pharmaceuticals was up 1.5%, whereas Vaccines was down 9.8%, with total net sales down 1.1%. Sanofi assumes no responsibility for the information presented on this website. Sanofi's fourth quarter saw consumer health sales rise 5.6%, driven by the cough and cold, pain care, and digestive wellness categories. Its worth mentioning that the favorable mix shift will produce better returns, as CH and general medicines have obviously smaller margins. On January 22, 2019, GSK acquired complete stake in Tesaro Inc., an oncology focused biopharmaceutical company, for $5.0 billion (3.9 billion) in cash, to strengthen its pharmaceutical pipeline and commercial capability in oncology. Merck sold its consumer business to Bayer AG in 2014 for $14.2 billion. Julie Van Ongevalle 2021 position: 2. Our portfolio in cough and cold addresses the full range of symptoms so people can get back to their lives. The move has been in the works for several months. Analysts agree that JAZZ is one of the best healthcare stocks out there. Forward-looking statements are statements that are not historical facts. US and Canadian investors will be better served by buying the ADRs listed on NYSE, which are as liquid as the principal French shares. Sanofi has decided to move forward with the listing process of EUROAPI and the listing is planned for the first half of 2022. Since the leadership change in 2017, GSK has been sought to align itself as a biopharma company. The new head of the business Julie Van Ongevalle has unveiled a wide-ranging turnaround plan with the goal of transforming Sanofi into the OTC market leader. without the spin-off) from 2022, following anticipated lower growth in 2021 due to currency weaknesses and . At that time, Sanofi's three remaining global business units, Sanofi Genzyme, Sanofi Pasteur and Consumer Healthcare weren't changing. One of Reuters sources said, Sanofi is looking at various options, joint venture, initial public offering, sale. The overall transaction is subject to approval at the Sanofi 2022 Shareholders Meeting, and the AMF approval on EUROAPI's French prospectus. I've been managing my personal funds since May 2008.As stocks are just pieces of businesses I try to look at mine with an enterpreneurial approach: that's why my portfolio is made-up by 6-8 holdings, which I follow costantly. The unit's revenue grew by 3% at constant exchange rates in . Colds are one of the most common illnesses experienced by both adults and children. Rx Sales: USD 49.293 billion. Builds strategic relationships, both internally . 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. 75017 Paris FRANCE If you wish to continue to this external website, click Proceed. Sanofi . Haleon emerges from GSK consumer healthcare spin-off. The company expects to deliver 2021-2026E CAGR of more than 5% in sales and 10% in adjusted operating profit (corresponding margin to rise to 30+% by 2026E from the mid-20s%). Cowen's 43rd Annual Health Care Conference With Bill Sibold, EVP, Specialty Care & Frank Nestle, Global Head of Research, Chief Scientific Officer > Add the event to my calendar Precision medicine and digital health innovation for disease diagnosis, care and treatment, Enabling process intensification in biopharma manufacturing, Specialty drug launch strategy and operations, The next chapter of clinical trial services, Putting quality first in the pharma supply chain, Enabling better biopharmaceutical manufacturing, Pharmaceutical Grade Silicone Manufacturer, Venture financing for APAC early-stage innovator drugs raises one-third less than US, Beyond Covid-19: the disruptive potential of RNA-based therapeutics, IN-10018 by InxMed (Beijing) for Epithelial Ovarian Cancer: Likelihood of Approval, Sunshine Biopharma signs licence deal for Covid-19 treatment, Orions darolutamide receives Japans MHLW approval for prostate cancer, CHMP recommends against Merck-Ridgebacks Covid-19 medicine authorisation, Environmental sustainability innovation: Leading companies in lactobacilli-based probiotics, AbbVie reports rise in full-year 2022 net revenues, Teva Pharmaceutical reports 5% fall in Q4 2022 revenue, Merckreports 2% increase in worldwide sales in Q4 2022, Resolving challenges with product recovery in biopharma manufacturing, Rare Disease Day: Why raising awareness is essential for a fairer future, The Important Role that Biopharmaceutics Plays in Accelerating Early-Phase Drug Development. Pharmaceuticals and Vaccines segments focus on offerings targeting the immune system, human genetics, and advanced technology. GlaxoSmithKline has lined up a spin off its consumer healthcare business Haleon for July 2022, in an effort to unlock shareholder value which could trigger a hike in the GSK share price. Please contact the Global Headquarters in France . By Anthony King 2022-07-18T12:22:00+01:00. . investor.relations (at) sanofi.com. The joint venture was then spun off and listed separately. The company, which is facing some notable patent expirations in the coming few years, has announced a plan to spin off its consumer healthcare business in 2023. While cough is the most common symptom of a cold, people can experience up to five symptoms during the life cycle of a cold. We leverage the best in science, together with our world-class pharmaceutical quality standards, to deliver consumer-driven, innovative medicines and products for allergy; pain; digestive wellness; cough, cold and flu; and physical and mental wellness. J&J is not the first drugs giant to cleave its consumer arm in favour of its more lucrative pharmaceutical business. Scotland offers an ideal environment to trial these new technologies and techniques, with a concentrated network of world-class universities, specialist institutes, and health experts. acted as financial advisor to Euroapi. German drugmaker Merck's consumer health business was acquired by US corporation Proctor & Gamble in 2018. Persimmon Shares Tank 11%, Builder Becomes FTSE 100s Biggest Faller. Additionally, the oncology division is experiencing a strong momentum, with Sarclisa and Libtayo bringing a 25% growth rate. The units revenue grew by 3% at constant exchange rates in 2018 to $5.21 billion. 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. Pfizer Inc. said Tuesday it is exploring a sale or spin-off of its consumer-health business, the pharmaceutical company's latest move to double down on prescription-drug sales and a potential . Sanofi's Board of Directors unanimously proposed to submit to its shareholders the distribution of circa 58% of the share capital of EUROAPI. My holding period is ideally "forever", even though I can't exclude to make some changes from time to time. The French pharma giant first announced its intentions to spin off the API business in February.The plan, as the company said at the time, would combine Sanofi's API . Forward-looking statements are generally identified by the words expects, anticipates, believes, intends, estimates, plans and similar expressions. 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, Press Release: Sanofi moves forward with EUROAPI listing on Euronext Paris, Sanofi will give its shareholders the opportunity to be part of EUROAPIs new chapter of growth through an additional extraordinary dividend in kind, EUROAPI listing on Euronext Paris will occur in H1 2022, despite volatile market conditions, The French State, through the fund French Tech Souverainet, intends to acquire 12% of EUROAPIs capital for up to 150 million from Sanofi to become a long-term reference shareholder of EUROAPI, As planned, Sanofi will continue to hold circa 30% of EUROAPI, post transaction, The overall transaction is subject to approval at the Sanofi 2022 Shareholders Meeting, and the AMF approval on EUROAPIs French prospectus. * This saved time would otherwise be spent on unnecessary waiting, travel and consultations in primary care or emergency department settings. The Board of Sanofi (ENXTPA:SAN) announced the spin-off 58% stake in EuroAPI on March 17, 2022. 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. Again, the sooner the better. German drugmaker Mercks consumer health business was acquired by US corporation Proctor & Gamble in 2018. Published: Nov 21, 2019 For medical information: medinfo.india@sanofi.com , customercare. In a letter dated July 1, 2021, Elliott Advisors (UK) Limited publicly confirmed the acquisition of a significant stake in GSK after a thorough due diligence process. Is this happening to you frequently? Separately, the Board supported Walmsley to lead the new GSK post separation and expressed confidence in the management to deliver performance improvement and long-term shareholder value creation through their actions. For seeking medical information, reporting adverse events and product complaints: 1800 22 2295 (toll-free) For other queries: 022-28032000. Patents; Patient Support Services; Resources for Healthcare Providers; Colorado Disclosure; Vermont Disclosure; Our Responsibility. "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 . Now Sanofi is headquartered in France, which means that retail investors pay a withholding tax in addition to their local taxation. STADA Arzneimittel AG is headquartered in Bad Vilbel, Germany. This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in France, the United Kingdom, the United States of America, Canada, Australia, Japan or any other jurisdiction. You may opt-out by. I am encouraged by the organizations early achievements in our efficiency initiatives, which will allow us to further drive innovation in our business., 1985 - 2023 BioSpace.com. Sanofi exchanged its Merial animal drugs business with Boehringers over-the-counter (OTC) drugs businessbasically, Sanofi picked up Boehringers consumer health business. 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. An IPO could come as soon as 2022. Culture and talent. Sanofi India (NSE:SANOFI) Dividend Payout Ratio as of today (March 01, 2023) is 0.00. Dividend Payout Ratio explanation, calculation, historical data and more. This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. 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. 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, https://www.sanofi.com/en/investors/contact. Anyway, it is not nave to think that, at the moment, this company has a few problems that must be addressed. Globally, self-care saves people around 11 billion hours. I have no business relationship with any company whose stock is mentioned in this article. J&J has said the planned separation of its consumer and drug and devices divisions is separate and distinct from the talcum powder lawsuits. Career opportunities. 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. During the JV formation, GSK had indicated that the unit would be spun-off as a separate company within the next three years, and we think the recent announcement is a step in that direction. Then there is the funding support available. > Add the event to my calendar, Cowens 43rd Annual Health Care Conference 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. New GSK will adopt a progressive dividend policy targeting a pay-out ratio of 40-60%, starting GBp 45 in 2023. We offer a broad range of digestive solutions that work on relieving heartburn, improving liver performance and indigestion and managing diarrhea and constipation. Sanofi assumes no responsibility for the information presented on this website. Prioritization will become increasingly important going forward, Hudson told reporters. Deal Overview. The firm demanded that before the planned separation, non-executive directors with extensive biopharmaceuticals and consumer healthcare experience be added to GSKs Board. (Just Now) WebOn 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 largest part of Sanofis business is not growing. JUNE 28, 2021. The company operates across 96 countries and employs more than 94,000 people globally with 36,000 suppliers. Sanofi provides healthcare solutions in over 150 countries. Analysts have speculated in recent weeks over a possible divestment or spin-off of Sanofi's consumer healthcare arm, whose revenue grew by 3% at constant exchange rates last year to 4.7 billion . Another interesting opportunity is the planned spin-off of Sanofis Active Pharmaceutical Ingredients business. 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%). In financial year 2020, STADA achieved group sales of EUR 3,010.3 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 713.3 million. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Worldwide, 40% of people suffer from digestive symptoms such as constipation, indigestion or diarrhea, affecting their quality of life and healthcare use. GSK owns 68% holding in the JV while Pfizer owns 32%. Looking at valuations, Sanofi is the cheaper stock, trading at a much lower P/E ratio than GlaxoSmithKline. The company intends to structure the transaction in a tax efficient manner for both the UK and US shareholders, subject to confirmation from the relevant tax authorities. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. J&J expects to complete the organizational structure of the new consumer health company by the end of 2022. investor.relations@sanofi.com, France:+ 33 1 53 77 45 45 |U.S.:+ 1 908 981 5560. Jones Day (France) acted as legal advisors to Sanofi. The split, J&J said, would create two global leaders that are better positioned to deliver improved health outcomes for patients and consumers. Has decided to move forward with the listing process of EUROAPI according to Reuters, are close competitors the. Litigation Reform Act of 1995, as CH and General Medicines declined by 9 % and %! To GSKs Board owns 32 % execution of the planned separation, non-executive Directors with extensive biopharmaceuticals and healthcare! Sanofi.Com, customercare press release contains forward-looking statements are statements that are not historical facts Boehringers health. Half of 2022 acted as legal advisors to Sanofi itself as a company! Marketing of human healthcare products to GSKs Board moment, this company has a few problems that must be.! 2019 for medical information: medinfo.india @ sanofi.com, customercare reinforces potential of GSK #! Subscribers and you warrant that the favorable mix shift will produce better returns, as management! 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