An IPO could come as soon as 2022. Prioritization will become increasingly important going forward, Hudson told reporters. 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. 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. Julie Van Ongevalle Opinions expressed by Forbes Contributors are their own. However, net sales took a dive in Q1, declining by roughly 4.6% YoY (reported). NewCo will be the global leader in OTC products with 7.3% market share ahead of all the peer companies and with that much of market share, the company will have the leading positions across all the key geographic areas, including the US and China, This is a BETA experience. It is provided for information only. Although Sanofis management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Sanofi, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. 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. Although, recently, there were some promising developments in this regard when the company agreed to sell some of its European consumer brands in an attempt to trim down its CHC product portfolio. 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. 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 the first quarter, the Specialty Care division grew at a pace of more than 7% YoY, while Vaccines fractionally grew by 0.7%. At CER, the growth was 15.3% and 5.3% respectively. 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.". My holding period is ideally "forever", even though I can't exclude to make some changes from time to time. With sales of about $1B per year, the newly formed company can easily be the largest API player in the European Union. The corporation said it would complete the split in 18 to 24 months at a cost of $ 500 billion to $ 1 billion. Business is on track to demerge and list as a new company in mid-2022. The companys operations are currently divided in four parts: The first two divisions actually appear to be in good shape, showing a healthy growth. 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%). 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. 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. Sanofi (XPAR:SAN) Dividend Payout Ratio as of today (March 01, 2023) is 0.00. Dividend Payout Ratio explanation, calculation, historical data and more Builds strategic relationships, both internally . chc@sanofi.com (Consumer healthcare products) For reporting adverse events: PV.india@sanofi.com. 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). GlaxoSmithKline and Pfizer plan to spin off their joint consumer health business next year, and German drugmaker Merck KGaA sold its consumer health division to Procter & Gamble Co in 2018. If you wish to continue to this external website, click Proceed. 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. Incorporated in 1999, GlaxoSmithKline plc (GSK), a British company based in United Kingdom. Partnered with business leaders to facilitate the Retired after 24+ year career with J&J. On the other hand, the remaining part is progressing nicely. The company expects to announce a strategic plan in December. Self-care relieves a burden on healthcare providers, saving 1.8 billion hours of physicians time globally. The company was formed by a merger between Glaxo Wellcome plc and SmithKline Beecham plc. The company expects a strong drug pipeline, backed by strong research and development expenses to drive sustainable, long-term growth for the pharmaceutical business. 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. 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. According to the letter, GSK should review its leadership and remain open to a sale of the consumer healthcare business. Total Pharmaceuticals was up 1.5%, whereas Vaccines was down 9.8%, with total net sales down 1.1%. Consumer Health (OTC) Products; U.S. Media Relations 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 EUROAPIs shares on Euronext Paris, starting on the first day of trading. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. 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. Take a look at highlights from our portfolio of self-care products. By Mark Terry. El 1 de enero de 2022 debut Opella, una nueva entidad legal a nivel global que engloba su negocio de Consumer Healthcare. Pharmaceuticals and Vaccines segments focus on offerings targeting the immune system, human genetics, and advanced technology. Now Sanofi is headquartered in France, which means that retail investors pay a withholding tax in addition to their local taxation. The main risks at this point are just connected with poor execution, but given the quality of the incumbent management, I would not put much credit on it. We are pleased these products will continue to be available for consumers as we focus on becoming a fully integrated standalone business said Julie Van Ongevalle, Executive Vice-President, Sanofi and Head of Sanofi Consumer Healthcare. . The company has also claimed that some of its major shareholders support the spin-off deal. STADA Arzneimittel AG is headquartered in Bad Vilbel, Germany. 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. Sanofi has been working to carve up its consumer healthcare business in a bid to cut costs and focus on growth drivers. Partnerships with universities allow companies to apply for UK funding streams. Consumer Healthcare; The first two divisions actually appear to be in good shape, showing a healthy growth. Prior to the transaction, New GSK is expected to receive up to 8 billion (~$11.0 billion) from the Consumer Healthcare unit. Sanofi is listed on EURONEXT: SAN and NASDAQ: SNY. 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 . 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. The firm demanded that before the planned separation, non-executive directors with extensive biopharmaceuticals and consumer healthcare experience be added to GSKs Board. Any distribution of the Shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. French Tech Souverainets investment is subject to approval of the spin-off by Sanofis shareholders and other customary conditions. Our portfolio in cough and cold addresses the full range of symptoms so people can get back to their lives. GlaxoSmithKline plc (GSK) today announced that the new company, to result from the proposed demerger of Consumer Healthcare from GSK in mid-2022, will be called Haleon. In November 2021, Johnson & Johnson announced it would also split off its consumer . It is provided for information only. Paris, March 18 2022. In connection with the proposed spin-off, French Tech Souverainet has agreed to purchase Physical and Mental Wellness. 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 2022, GSK shareholders will receive dividends from New GSK and Consumer Healthcare NewCo due to the expected mid-year timing of the separation. 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 . expected "in just a few months," as reasons for upgrading stock in the Paris-based drugmaker to a "buy. With Paul Hudson, Chief Executive Officer 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. The Consumer Healthcare unit had two major deals in 2018, when GSK acquired Novartis' 36.5% stake in its consumer healthcare joint venture (JV) followed by a merger with Pfizer's consumer healthcare business into a JV. Esta no es la primera vez que Sanofi proyecta una escisin. The company could also monetize the stake and bolster its balance sheet. FRANKFURT/PARIS (Reuters) - Sanofi <SASY.PA> is considering a joint venture or outright sale among options for its consumer healthcare unit, sources told Reuters, as the French drugmaker prepares to present a new strategic plan next month. The listing will also help GSK increase its focus on its drug pipeline. A conservative scenario should include stagnant sales in the next few years, with EPS growing mid-single digit yearly. Looking at valuations, Sanofi is the cheaper stock, trading at a much lower P/E ratio than GlaxoSmithKline. She is particularly interested in stories about AI, antibiotic resistance, and global health equality. 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. Global markets live: GM, Pfizer, Exxon, UBS, Boeing EUROAPI Announces Resignation of Corinne Le Goff as an Independent Member on the Board .. "As discussed during our Capital Markets Day in February, simplifying the CHC product portfolio is an important part of our strategy to focus our resources and efforts where we can bring the most value, especially to consumers. Credit Suisse London Health Care Conference With Paul Hudson, Chief Executive Officer > Add the event to my calendar. Sanofi does not anticipate any impact of this divestiture to its European-based workforce. 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 the past, Elliott has sought changes at Alkermes Plc, Allergan and Bayer AG, as well as the sale of Alexion Pharmaceuticals Inc., prior to its acquisition by AstraZeneca Plc. 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. Just months later, the company penned a deal with fellow pharma leader GlaxoSmithKline (GSK) to combine their two consumer health companies into one joint entity with an estimated 9.8bn in annual sales. 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 . Roche. Credit Suisse London Health Care Conference Neither Sanofi nor EUROAPI assumes any responsibility for any violation of any such restrictions by any person. Forward-looking statements are generally identified by the words expects, anticipates, believes, intends, estimates, plans and similar expressions. "We've already doubled the value of that pipeline in just 24 months, but it must continue. Therefore, investors should approach this investment with a long-term mindset. German drugmaker Mercks consumer health business was acquired by US corporation Proctor & Gamble in 2018. investor.relations (at) sanofi.com. The company should pivot its focus on its strengths by restructuring or spinning-off the rest, in order to meet its strategic targets. Across the world, 77% of people have used nutritionals in the last 12 months to maintain their general health, provide immune system support or to supplement in areas of vitamin deficiency. ALTUVIIIO approved by the U.S. FDA: this positive event triggers impairment reversal, positively impacting 2022 IFRS net income; no change on business net income (non-IFRS), Press release: New Phase 3 data presented at WORLDSymposium reinforce Nexviazyme (avalglucosidase alfa) as potential new standard of care for all people living with late-onset Pompe disease, Media Update: New data for tolebrutinib, Sanofis investigational brain-penetrant BTK inhibitor, showed significant effect on CNS immune mediators that driveMS disease progression, 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, Credit Suisse London Health Care Conference, With Paul Hudson, Chief Executive Officer, Cowens 43rd Annual Health Care Conference, With Bill Sibold, EVP, Specialty Care & Frank Nestle, Global Head of Research, Chief Scientific Officer. Please contact the Global Headquarters in France . 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. * This saved time would otherwise be spent on unnecessary waiting, travel and consultations in primary care or emergency department settings. Self-care activities generate $119 billion in monetary and healthcare workforce savings globally. Low Back Pain (LBP) continues to be the leading reason for Years Lost to Disability (YLTD) in every region of the world, The Global Social and Economic Value of Self-Care 2022 Report, Economic burden of inadequate management of allergic diseases in the European Union: a GA(2) LEN review, Worldwide prevalence and burden of functional gastrointestinal disorders, results of Rome Foundation Global Study, A systematic review of the global prevalence of low back pain, Bauer C, May U, Giulini-Limbach C, Schneider-Ziebe A (2022), Zuberbier T, Ltvall J, Simoens S, Subramanian SV, Church MK (2014), Sperber AD, Bangdiwala SI, Drossman DA, et al. These statements include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. The joint venture has a global market share of 3.5%. All in all, even though the stagnant divisions are at the moment predominant, that story is changing. Self-care can enhance wellbeing, prevent disease, curb illness, and restore health. 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. In addition, GSK is continuing with the restructuring and active portfolio management of its consumer-health division ahead of the spin-off, expected by late 2022. The deal increased Sanofis consumer healthcare market share to about 4.6% and bolstered its operations in specific markets in Germany and Japan. This is the reason why earnings grew by 5.2% YoY in Q1, despite the reported top-line slowdown. I wrote this article myself, and it expresses my own opinions. The transaction with STADA ensures that these products will continue to be available to consumers. ", latest-news-headlines 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. Haleon (pronounced "Hay-Lee-On") is inspired by the merging of the words 'Hale', which is an old English . 1 Companys estimate based on third-party market research conducted using the annual reports published by the main industrial players in the APIs sector, public databases (including Capital IQ and Orbis) as well as interviews with market experts. Post separation, the new Consumer Healthcare company is expected be listed on London Stock Exchange (LSE) with ADR to be listed in the US. On July 31, 2019, Pfizer Inc. (Pfizer) and GSK Consumer Healthcare concluded a deal to form a Joint-Venture (JV) for their consumer healthcare business. Copyright 2023 Surperformance. The companys Board intends to create two new independent Boards following the separation. 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