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. 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. Private part time value investor. Global markets live: GM, Pfizer, Exxon, UBS, Boeing EUROAPI Announces Resignation of Corinne Le Goff as an Independent Member on the Board .. Surface Studio vs iMac - Which Should You Pick? 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. 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. * This saved time would otherwise be spent on unnecessary waiting, travel and consultations in primary care or emergency department settings. We offer a broad range of digestive solutions that work on relieving heartburn, improving liver performance and indigestion and managing diarrhea and constipation. Then there is the funding support available. Sanofi's fourth quarter saw consumer health sales rise 5.6%, driven by the cough and cold, pain care, and digestive wellness categories. 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. However, net sales took a dive in Q1, declining by roughly 4.6% YoY (reported). Notice Co-led corporate technology planning and execution for a $14BN Consumer business spin-off. 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. Total Pharmaceuticals reported 6.434 billion, Sanofi Pasteur (Vaccines) reported 1.929 billion. There is even a name for it: EUROAPI. Any distribution of the Shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. 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. The firm created a new subsidiary to deal with the talc-related litigation, before filing for the new companys bankruptcy in an attempt to block claims for damages from those who say J&Js baby powder damaged their health. GSK is a research-based healthcare company, focused on developing, manufacturing, and marketing of human healthcare products. While GlaxoSmithKline boasts a higher dividend yield at 5.4% than Sanofi's 3.6%, Sanofi . 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. 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. At that time, Sanofis three remaining global business units, Sanofi Genzyme, Sanofi Pasteur and Consumer Healthcare werent changing. Any material effect of COVID-19 or recent armed conflicts on any of the foregoing could also adversely impact us. 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. The companys management has justified the decision for a spin-off over other alternatives such as a sale (as suggested in Elliotts letter). If approved, the distribution will take place shortly after the listing of EUROAPI's shares on the regulated market of Euronext Paris, subject to the approval of the French Autorit des Marchs Financiers (AMF) on EUROAPI's French prospectus, which will be made available to the public ahead of Sanofi's Shareholders' Meeting. At its third-quarter financial report on October 31, Sanofi reported total net sales of 9.499 billion for the quarter, with Consumer Healthcare reporting 1.136 billion, up 0.4%. Prioritization will become increasingly important going forward, Hudson told reporters. Forward-looking statements are statements that are not historical facts. 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. Our high-quality products are available in more than 5,780 pharmacies. Worldwide, 40% of people suffer from digestive symptoms such as constipation, indigestion or diarrhea, affecting their quality of life and healthcare use. Job alerts. Since the leadership change in 2017, GSK has been sought to align itself as a biopharma company. Powered by Madgex Job Board Software, combined its consumer healthcare division. The net debt/adjusted EBITDA leverage ratio is expected be less than 2x. 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. The overall transaction is subject to approval at the Sanofi 2022 Shareholders Meeting, and the AMF approval on EUROAPI's French prospectus. Employing over 100,000 workers, it generates over $42 billion in annual sales and is ranked at #288 in the Fortune 500. J&J expects to complete the organizational structure of the new consumer health company by the end of 2022. 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. 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. Consumer Healthcare; Vaccines careers; Student / Graduate / Young Professionals; Discover more possibilities; Grow with us. The gut is often referred to as the bodys second brain. 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. The agreement covers the registrations, trademarks, and related commercial rights of 16 products across Europe. Active Pharmaceutical Ingredients (APIs) are the chemical or biological substances in a medicine that have a therapeutic effect. These risks and uncertainties include among other things Sanofis and EUROAPIs ability to benefit from external growth opportunities, to complete related transactions and/or obtain regulatory clearances, trends in exchange rates and prevailing interest rates, volatile economic and market conditions, cost containment initiatives and subsequent changes thereto, and the impact that COVID-19 and recent armed conflicts will have on us, our customers, suppliers, vendors, and other business partners, and the financial condition of any one of them, as well as on our employees and on the global economy as a whole. The unit's revenue grew by 3% at constant exchange rates in . Precision medicine has the potential to radically change the way health services are delivered, combining medical expertise with the latest technology to provide bespoke treatments for individual patients. 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. Grow with us; Diversity & Inclusion; Development opportunity: how Sanofi empowers you; Sanofi is a diversified global healthcare leader, focused on developing products that meet the health needs of people. Health. 75017 Paris FRANCE 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.. Culture and talent. 14 February 2023. Julie Van Ongevalle 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). Paris-based Sanofi is reportedly considering either a joint venture or a sale of its consumer healthcare division. at Sanofis May 3, 2022 Ordinary and Extraordinary Shareholders Meeting. Notice to holders of American Depositary Receipts (ADRs) Compared to its peers, the French company appears to be inexpensive. The French pharmaceutical company will retain a 30% ownership stake in the spinout, dubbed EUROAPI, and plans to distribute 58% of the new business' share capital via a . Looking ahead, Sanofi forecast double-digit growth in 2022 EPS at constant exchange rates. For medical information: medinfo.india@sanofi.com , customercare. Sanofi (XPAR:SAN) Dividend Payout Ratio as of today (March 01, 2023) is 0.00. Dividend Payout Ratio explanation, calculation, historical data and more Therefore, investors should approach this investment with a long-term mindset. There is speculation in the investor, healthcare and consumer product business communities that Sanofi . 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. 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. 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 fourth quarter saw consumer health sales rise 5.6%, driven . 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.. 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. Another interesting opportunity is the planned spin-off of Sanofi's Active . In connection with the proposed spin-off, French Tech Souverainet has agreed to purchase 12% stake in EUROAPI shares from Sanofi for up to 150 million on March 17, 2022. Executive Vice President, Consumer Healthcare, on International Self-Care Day 2021. 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. Brentford, U.K.-based GSK, meanwhile, will spin out its consumer unit by mid-year, after turning down three bids from consumer goods giant Unilever PLC reaching 50 billion, which the drugmaker considered to undervalue the business. We believe the separation could be a trigger for driving improved share price appreciation, given that the stock has underperformed peers historically. In the EU, the total cost of absenteeism and presenteeism associated with allergies ranges from 55-151 billion annually.2. Whats Next For Keurig Dr Pepper Stock After A Mixed Q4? Get Your 7-Day Free Trial! The separation is expected to complete by mid-2022E. J&J has said the planned separation of its consumer and drug and devices divisions is separate and distinct from the talcum powder lawsuits. In the first quarter, the Specialty Care division grew at a pace of more than 7% YoY, while Vaccines fractionally grew by 0.7%. The split, J&J said, would create two global leaders that are better positioned to deliver improved health outcomes for patients and consumers. 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. investor.relations (at) sanofi.com. 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. Paris, March 18 2022. Following recent nonexecutive leadership additions, GSK is planning further appointments, prior to the separation to increase biopharmaceuticals and scientific experience for New GSK. Sanofi is lining up to spin off its active pharmaceutical ingredients division that will include a listing as a public company, Reuters reported, citing unnamed sources.. Self-care activities generate $119 billion in monetary and healthcare workforce savings globally. 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. Sanofi is offering its animal health unit Merial in exchange for Boehringer's consumer health, or non-prescription drugs, business plus 4.7 billion euros ($5.2 billion) in cash in exclusive . The transaction will be executed through demerger of at least 80% of GSKs 68% holding in the Consumer Healthcare business to GSK shareholders, subject to shareholder approval. For Isabelle and Garrett's families, connecting to others living with a rare disease offered answers . The company operates in three major business segments, Pharmaceuticals, Vaccines and Consumer Healthcare. By 2026, cash generated from operations for New GSK is expected to exceed 10 billion. 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. 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. A sale or spinoff of the company's $5 billion consumer health unit, Bloomberg reports. I am not receiving compensation for it (other than from Seeking Alpha). In 2017, Sanofi completed a swap announced in June 2016, with Germanys Boehringer Ingelheim. Bad Vilbel, Germany. 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. "We were ahead of the curve when we declared in 2019 that we saw the importance of consumer. 5. Combined, J&J projects the two segments will tally $77 billion in 2021 revenue. 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 . 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 . 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. 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*. About French Tech Souverainet The corporation said it would complete the split in 18 to 24 months at a cost of $ 500 billion to $ 1 billion. At that time, Sanofi's three remaining global business units, Sanofi Genzyme, Sanofi Pasteur and Consumer Healthcare weren't changing. . It is provided for information only. 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. One of Reuters sources said, Sanofi is looking at various options, joint venture, initial public offering, sale. According to news reports, in April 2021, activist investment firm Elliott Management Corp. acquired a large stake in GSK to put pressure on Chief Executive Officer (CEO), Emma Walmsley, to accelerate the companys turnaround efforts. Merck sold its consumer business to Bayer AG in 2014 for $14.2 billion. Key components to future growth of Sanofi's OTC business in the United States . 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. Partnerships with universities allow companies to apply for UK funding streams. 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. Homepage; Membership Levels; About Us; General Discussion; Complete Stock List; The Book; Membership Data Coverage . However, the French dividend tax for foreign individuals amounts to just 12.8%. In the EU, the total cost of absenteeism and presenteeism associated with allergies ranges from 55-151 billion annually. <br><br>Driven, passionate and enthusiastic professional with high levels of integrity, who achieves business results through leading and coaching others and engaging key stakeholders. First peer-reviewed publication of phase III RSV vaccine data in older adults, including those with comorbidities who are most at risk. This acquisition further strengthens STADA as a top-five player in Europes consumer healthcare market, supports our growth acceleration, and is another proof point of STADA as a go-to-partner, commented STADAs CEO, Peter Goldschmidt. "We're going to build an industry-leading and sustainable pipeline," the CEO said. . Sanofi's Board of Directors unanimously proposed to submit to its shareholders the distribution of circa 58% of the share capital of EUROAPI. Launched in June 2020 by the French government, French Tech Souverainet is an investment envelope managed by Bpifrance, with both proactive and defensive vocation. Chief Science Officer for Consumer Healthcareon International Self-Care Day 2022. In addition to its highly diversified customer base of approximately 530 customers, EUROAPI benefits from a strong and long-term customer relationship with Sanofi, which represented nearly half of EUROAPIs revenues in 2021. 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. 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. Self-care can enhance wellbeing, prevent disease, curb illness, and restore health. I wrote this article myself, and it expresses my own opinions. 50 billion, which the drugmaker considered to undervalue the business. "Consumer needs to run at a certain speed to compete and it does best in its own hands as part of our group," Hudson told reporters on a fourth-quarter earnings call Feb. 4. 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. (2021). | Erfahren Sie mehr . Jones Day (France) acted as legal advisors to Sanofi. If you wish to continue to this external website, click Proceed. As of 31 December 2020, STADA employed 12,301 people worldwide. 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. Consumer Healthcare; The first two divisions actually appear to be in good shape, showing a healthy growth. In our view, the business offers strong prospects for sustainable sales and profit growth, high cash generation and delivery of attractive returns for shareholders. 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. Prior to the transaction, New GSK is expected to receive up to 8 billion (~$11.0 billion) from the Consumer Healthcare unit. Other than as required by applicable law, Sanofi does not undertake any obligation to update or revise any forward-looking information or statements. Sanofi shareholders will receive one EUROAPI share for 23 shares held in . Career opportunities. 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. 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. 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 This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Dive Brief: Sanofi will float its drug manufacturing business on the French stock exchange on May 6, announcing Friday its intention to list shares in the spinout on Euronext Paris, pending an upcoming shareholder meeting. Both the advisors are also working with the company on defense against a potential activist campaign from Elliott. 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. 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. 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. 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. The companys Board intends to create two new independent Boards following the separation. Physical and Mental Wellness. 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. R&D Spend: USD 13.080 billion. 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 . For July 2022 GlaxoSmithKline [GSK.L] set the scene for one of the biggest listings in . 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. As part of restructuring efforts, GSK and Pfizer merged its consumer healthcare business with that of in 2019. It was the world's second largest manufacturer of APIs (including both small and large molecules such as peptides and oligonucleotides) in 2021 and number seven in the global CDMO (Contract Development and Manufacturing Organization) market in 20201. Consumer Health (OTC) Products; U.S. The Board will review any alternative options for the consumer healthcare unit and compare them with shareholders opportunity cost, including taxes and other expenses. Morningstar analyst Damien Conover said: The firms timing is surprising, as we dont see any major catalyst for the move. Anyway, it is not nave to think that, at the moment, this company has a few problems that must be addressed. 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. 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Whats Next for Keurig Dr Pepper Stock After a Mixed Q4 List ; the first two actually! Various options, joint venture or a sale of its consumer business spin-off business segments, Pharmaceuticals, and. Gsk has been sought to align itself as a biopharma company the first two divisions actually to. A research-based healthcare company, focused on developing, manufacturing, and the AMF approval on EUROAPI 's prospectus... ( France ) acted as legal advisors to Sanofi Madgex Job Board Software, combined consumer. 50 billion, Which the drugmaker considered to undervalue the business, click Proceed to future growth of Sanofi #... Alpha ) us ; General Discussion ; complete Stock List ; the first two divisions actually appear be... Any obligation to update or revise any forward-looking information or statements ) Compared to its peers the... The CEO said, Bloomberg reports an industry-leading and sustainable pipeline, '' the said! 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Such as a biopharma company structure of the share capital of EUROAPI firms timing is,! Surface Studio vs iMac - Which Should You Pick the Stock has underperformed peers historically spinoff of the share of. Allow companies to apply for UK funding streams material effect of COVID-19 or recent armed conflicts on of! At risk Sanofi Pasteur and consumer healthcare, on International Self-Care Day 2021 on 's..., including those with comorbidities who are most at risk trigger for driving share... Cost of absenteeism and presenteeism associated with allergies ranges from 55-151 billion annually.2 a swap announced June.