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. 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. Business is on track to demerge and list as a new company in mid-2022. 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.
The UKs GlaxoSmithKline combined its consumer healthcare division with Pfizers in 2018. The French drugmaker spent more than 12 billion on acquisitions in the last two years to bolster the group's pipeline of early medicines, said CFO Jean-Baptiste de Chatillon, who added that the company will ramp up R&D spending by around half a million euros in 2022. Global markets live: GM, Pfizer, Exxon, UBS, Boeing EUROAPI Announces Resignation of Corinne Le Goff as an Independent Member on the Board .. 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). 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.
"We've already doubled the value of that pipeline in just 24 months, but it must continue. 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. 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. Sanofi moves forward with EUROAPI listing on Euronext Paris. Day by day, evidence shows that vaccines will be much needed in order to fight Covid outbreaks, even in 2022, and, despite my first cold expectations, the financial margins for them seem to be substantial, although there could eventually be an excess in authorized vaccines, which would lead to lower prices and profits. investor.relations@sanofi.com, France:+ 33 1 53 77 45 45 |U.S.:+ 1 908 981 5560. 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. Disentangling the consumer unit from the complexity of France's largest pharmaceutical company helped the consumer group record a 4.6% year-on-year rise in 2021 sales, CEO Paul Hudson said. I am not receiving compensation for it (other than from Seeking Alpha). 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. "If the GlaxoSmithKline Consumer Health spinoff goes well, we believe it is likely that Sanofi could spin off its consumer health business as well, which is a reasonable extension of the internal separation that is ongoing," HSBC analyst Steve McGarry said in a Nov. 1 note. GSK claimed strengthened governance through the appointments of former Bristol-Myers Squibb executive Charles Bancroft and Anne Beal as non-executive directors. Julie Van Ongevalle In the EU, the total cost of absenteeism and presenteeism associated with allergies ranges from 55-151 billion annually. For Isabelle and Garrett's families, connecting to others living with a rare disease offered answers . 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. 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. As part of Sanofis 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. Our mission is to Serve Healthier, Fuller Lives by offering moments of relief to our Patients & Consumers in our key platforms, including Allergy, Physical & Mental Wellness, Pain . Other than as required by applicable law, Sanofi does not undertake any obligation to update or revise any forward-looking information or statements. We believe the deteriorating performance at the largest segment may have triggered the need to refocus on the biopharma business. In connection with the proposed spin-off, French Tech Souverainet has agreed to purchase 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. GSK has also been undertaking major corporate transformation efforts in a bid to address long standing issues that have affected its performance in the past. Deal Overview. Sanofi's CDMO spinoff set for next month as new group targets 2022 revenues of 1B. 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. 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. > Add the event to my calendar, Cowens 43rd Annual Health Care Conference We believe the separation could be a trigger for driving improved share price appreciation, given that the stock has underperformed peers historically. 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. Take a look at highlights from our portfolio of self-care products. Consumer Healthcare; The first two divisions actually appear to be in good shape, showing a healthy growth. J&J expects to complete the organizational structure of the new consumer health company by the end of 2022. Analysts agree that JAZZ is one of the best healthcare stocks out there. 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. Looking ahead, Sanofi forecast double-digit growth in 2022 EPS at constant exchange rates. If it does choose to divest consumer health, Sanofi will join a growing number of its peers in the industry. Partnered with business leaders to facilitate the Retired after 24+ year career with J&J. Now Sanofi is headquartered in France, which means that retail investors pay a withholding tax in addition to their local taxation. Executive Summary. 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 . 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. Notice to holders of American Depositary Receipts (ADRs) 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. If you wish to continue to this external website, click Proceed. I have no business relationship with any company whose stock is mentioned in this article. About French Tech Souverainet We believe that empowering individuals, the community, and healthcare professionals to promote and practice self-care will lead to people all over the world being healthier. 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. +33 (0)1 53 77 40 00, 46 avenue de la Grande Arme 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. The corporation said it would complete the split in 18 to 24 months at a cost of $ 500 billion to $ 1 billion. 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. 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 . Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. The deal increased Sanofis consumer healthcare market share to about 4.6% and bolstered its operations in specific markets in Germany and Japan. 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. 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. 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. Sanofi's fourth quarter saw consumer health sales rise 5.6%, driven . 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. Please contact the Global Headquarters in France . The companys operations are currently divided in four parts: The first two divisions actually appear to be in good shape, showing a healthy growth. However, the French dividend tax for foreign individuals amounts to just 12.8%. Johnson & Johnson, Bayer and Sanofi, according to Reuters, are close competitors in the consumer healthcare market. We offer a broad range of digestive solutions that work on relieving heartburn, improving liver performance and indigestion and managing diarrhea and constipation. An IPO could come as soon as 2022. She is particularly interested in stories about AI, antibiotic resistance, and global health equality. It just raised its 2020 dividend (paid last May) for the 27th year in a row (in Euros). . Morningstar analyst Damien Conover said: The firms timing is surprising, as we dont see any major catalyst for the move. Grow with us; Diversity & Inclusion; Development opportunity: how Sanofi empowers you; 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. Building on this foundation, Sanofi delivered a resilient underlying performance in the third quarter with strong sales in Specialty Care, largely driven by the continued outstanding performance of Dupixent. > Add the event to my calendar, An in-depth look at our vaccines business, strategy and roadmap through to 2025/2030, We chase the miracles of science to improve peoples lives and to transform the practice of medicine, Please contact the Global Headquarters in France : For July 2022 GlaxoSmithKline [GSK.L] set the scene for one of the biggest listings in . 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. Another interesting opportunity is the planned spin-off of Sanofis Active Pharmaceutical Ingredients business. The New Co. (Consumer Healthcare) will have a portfolio of products with annual sales of ~10 billion in FY20 and is well-positioned for further growth, driven by well known brands, including nine power brands with category leadership and major sales presence in the US and China. We have extensive lines of prescription medicines and . The one-shot cervical cancer vaccine paradigm. We are an innovative global healthcare company, driven by one purpose: we chase the miracles of science to improve peoples lives. 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. Esta no es la primera vez que Sanofi proyecta una escisin. Other drugmakers moving to jettison their over-the-counter businesses include J&J, which is set to spin off its consumer portfolio in 2023, and Sanofi, which is in the process of carving out a standalone consumer business within the greater company. Con un plantel de unos 3.350 empleados, Sanofi espera que el spin-off tenga ventas consolidadas de alrededor de 1.000 millones durante el ao fiscal 2022. 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. Its worth mentioning that the favorable mix shift will produce better returns, as CH and general medicines have obviously smaller margins. With sales of about $1B per year, the newly formed company can easily be the largest API player in the European Union. 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. Cash flow should follow this trend too, allowing further dividend increases. 5. Is this happening to you frequently? The company also stated that a formal process to appoint the Chair and form the Board of the consumer healthcare unit is in progress. The new head of the division, Julie Van Ongevalle, shared that the company will focus on core brands and categories while pursuing first-in-class Rx-to-OTC switches in the ED and flu categories in the U nited States. Self-care can enhance wellbeing, prevent disease, curb illness, and restore health. Consumer Health (OTC) Products; U.S. acted as financial advisor to Euroapi. Paris-based Sanofi is reportedly considering either a joint venture or a sale of its consumer healthcare division. "It's very significant, we are really reallocating our cost base towards innovation on science," the CFO said. Some time ago, the French company already announced its commitment to carve out its consumer healthcare segment. 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. They are the essential molecules used in the composition and manufacture of any medicine. 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. Anyway, it is not nave to think that, at the moment, this company has a few problems that must be addressed. 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. 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. 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 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. This situation is changing rapidly and additional impacts may arise of which we are not currently aware and may exacerbate other previously identified risks. GSK cited the opportunity cost from the immense profit and cash generation potential of the consumer healthcare unit as well as higher expenses in the form of taxes in case of a sale as compelling reasons for the spin-off. For seeking medical information, reporting adverse events and product complaints: 1800 22 2295 (toll-free) For other queries: 022-28032000. 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. 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. 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. 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 . "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's Board of Directors unanimously proposed to submit to its shareholders the distribution of circa 58% of the share capital of EUROAPI. Bad Vilbel, Germany. A conservative scenario should include stagnant sales in the next few years, with EPS growing mid-single digit yearly. At that time, Sanofis three remaining global business units, Sanofi Genzyme, Sanofi Pasteur and Consumer Healthcare werent changing. That happened because the General Medicines and Consumer Healthcare divisions account for more than half of the companys total sales (see the picture below). 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. We wanted it to be a fast-growing consumer health business [and] to explain to the market why we thought we were the best owner.". 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. However, some risks remain, as the management must speed up the execution of the planned spin-offs and address the growth issue. 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. 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 . 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. STADA Arzneimittel AG is headquartered in Bad Vilbel, Germany. 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. The joint venture was then spun off and listed separately. 07 MARCH 2023. 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. In November 2021, Johnson & Johnson announced it would also split off its consumer . 27 July 2021 - STADA and Sanofi have entered into a distribution agreement whereby STADA will distribute and market Sanofi's . Our brands are trusted across the world, and some have been on the market for over 50 years. Self-care relieves a burden on healthcare providers, saving 1.8 billion hours of physicians time globally. Is the microbiome therapy hype up for a reckoning? The pharmacological and medical device division maintains J & J's name, and the corporation expects a tax-exempt spin-off. The patent stays until 2035 to 2039 (oral form). Sanofi does not anticipate any impact of this divestiture to its European-based workforce. GSK is a research-based healthcare company, focused on developing, manufacturing, and marketing of human healthcare products. 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. (2021). Active Pharmaceutical Ingredients (APIs) are the chemical or biological substances in a medicine that have a therapeutic effect. I have no business relationship with any company whose stock is mentioned in this article. Credit Suisse London Health Care Conference Than as required by applicable law, Sanofi Pasteur and consumer healthcare market share to about 4.6 % bolstered. And Japan mix shift will produce better returns, as the management must speed up the execution of share. 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