If you wish to continue to this external website, click Proceed. 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. chc@sanofi.com (Consumer healthcare products) For reporting adverse events: PV.india@sanofi.com. Moreover, the remaining 20% stake in the spun-off unit post deal completion offers GSK with the opportunity to benefit from strong performance at the spun-off unit. It is provided for information only. Sanofi, which has been carving out its consumer group into a separate business since 2019, remains wedded to the unit after a restructuring helped it return to growth last year. Get Your 7-Day Free Trial! Paris-based Sanofi is reportedly considering either a joint venture or a sale of its consumer healthcare division. I have no business relationship with any company whose stock is mentioned in this article. Deal Overview. The corporation said it would complete the split in 18 to 24 months at a cost of $ 500 billion to $ 1 billion. 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 . By Anthony King 2022-07-18T12:22:00+01:00. . Employing over 100,000 workers, it generates over $42 billion in annual sales and is ranked at #288 in the Fortune 500. Anyway, it is not nave to think that, at the moment, this company has a few problems that must be addressed. Persimmon Shares Tank 11%, Builder Becomes FTSE 100s Biggest Faller. 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. 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. Sanofi . 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. There is even a name for it: EUROAPI. Post separation, New GSK will focus across four core therapeutic areas (TAs): Infectious Diseases, HIV, Oncology and Immunology/Respiratory. Sanofi said on Tuesday it hopes to take over the consumer health care unit of German peer Boehringer Ingelheim via an asset swap, making the French pharmaceutical giant the sector's world leader. The Board of Sanofi (ENXTPA:SAN) completed the spin-off 58% stake in EuroAPI on May 6, 2022. The pharmacological and medical device division maintains J & J's name, and the corporation expects a tax-exempt spin-off. 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. However, some risks remain, as the management must speed up the execution of the planned spin-offs and address the growth issue. In connection with the proposed spin-off, French Tech Souverainet has agreed to purchase STADA Arzneimittel AG is headquartered in Bad Vilbel, Germany. Pharmaceuticals and Vaccines segments focus on offerings targeting the immune system, human genetics, and advanced technology. Self-care can enhance wellbeing, prevent disease, curb illness, and restore health. While GlaxoSmithKline boasts a higher dividend yield at 5.4% than Sanofi's 3.6%, Sanofi . Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. Landmark New England Journal of Medicine publication reinforces potential of GSK's respiratory syncytial virus older adult vaccine candidate. "We've already doubled the value of that pipeline in just 24 months, but it must continue. The digestive system provides energy and fuel for the whole body, so when someone suffers from gastro intestinal disorders, their life can literally be put on hold. Julie Van Ongevalle Paris, March 18 2022. 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. /marketintelligence/en/news-insights/latest-news-headlines/sanofi-bucks-industry-trend-by-pledging-to-keep-stand-alone-consumer-unit-68747982 Furthermore, Elliott expects such a newly created Board to establish a strong process to choose the executive leadership for both businesses. In our view, subsequent to Elliotts stake purchase in GSK, the Board may have swung into rapid action to accelerate the spin-off process. 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 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. Therefore, their poor performance affects the overall results: General Medicines declined by 9% and Consumer Healthcare by 14% YoY. 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. 2021 position: 10. 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. The move has been in the works for several months. 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. 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). without the spin-off) from 2022, following anticipated lower growth in 2021 due to currency weaknesses and . 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. Julie Van Ongevalle The company operates in three major business segments, Pharmaceuticals, Vaccines and Consumer Healthcare. If you wish to continue to this external website, click Proceed. 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. There are certain watershed moments in every person's life that propel them to find a community. 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. ", latest-news-headlines 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. Sanofi CEO's strategy blueprint may include consumer health spinoff or merger: Bloomberg | Fierce Pharma . 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 . "We're going to build an industry-leading and sustainable pipeline," the CEO said. In November 2021, Johnson & Johnson announced it would also split off its consumer . We are committed to providing world-class products and services that help manage energy, stress, sleep and anxiety. 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. Please. As part of Sanofi's ongoing efforts to reduce the complexity of its Consumer Healthcare portfolio and accelerate its growth trajectory, the company has signed an agreement with STADA for the divestiture of 16 Consumer Healthcare products commercialized in Europe. 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. Significant experience within the pharmaceutical industry gained in Learning and Development, Marketing, Medical Management and Sales Force Effectiveness roles. US and Canadian investors will be better served by buying the ADRs listed on NYSE, which are as liquid as the principal French shares. | Erfahren Sie mehr . Other than as required by applicable law, Sanofi does not undertake any obligation to update or revise any forward-looking information or statements. When Sanofi unveiled plans to spin off its European active pharmaceutical ingredient (API) unit back in early . The company expects a strong drug pipeline, backed by strong research and development expenses to drive sustainable, long-term growth for the pharmaceutical business. 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.. Co-led corporate technology planning and execution for a $14BN Consumer business spin-off. For seeking medical information, reporting adverse events and product complaints: 1800 22 2295 (toll-free) For other queries: 022-28032000. Start Now! acted as financial advisor to Euroapi. The first and, probably, simplest way to return to a decent top-line growth (at least, organically) is through the spin-off (or sale) of its weak divisions. 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. Haleon emerges from GSK consumer healthcare spin-off. Post separation, the new Consumer Healthcare company is expected be listed on London Stock Exchange (LSE) with ADR to be listed in the US. esgSubNav, Discover more about S&P Globals offerings. 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. 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. Detail: Visit URL Category: Business View Health Any material effect of COVID-19 or recent armed conflicts on any of the foregoing could also adversely impact us. Combined, J&J projects the two segments will tally $77 billion in 2021 revenue. 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 . Sanofi is listed on EURONEXT: SAN and NASDAQ: SNY. 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 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. Morningstar analyst Damien Conover said: The firms timing is surprising, as we dont see any major catalyst for the move. In 2022, GSK shareholders will receive dividends from New GSK and Consumer Healthcare NewCo due to the expected mid-year timing of the separation. By downloading this Whitepaper, you acknowledge that we may share your information with our white paper partners/sponsors who may contact you directly with information on their products and services. 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%). 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. 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 . Prioritization will become increasingly important going forward, Hudson told reporters. GSK is a research-based healthcare company, focused on developing, manufacturing, and marketing of human healthcare products. Copyright 2023 Surperformance. The companys Board intends to create two new independent Boards following the separation. Sanofi's fourth quarter saw consumer health sales rise 5.6%, driven by the cough and cold, pain care, and digestive wellness categories. 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 > Add the event to my calendar. "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. Surface Studio vs iMac - Which Should You Pick? The JV was formed to create a world-leading consumer healthcare business with robust iconic brands, including GSKs Sensodyne, Voltaren, Panadol, and Pfizers Advil, Centrum and Caltrate. Boehringer paid Sanofi 4.7 billion in cash. 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. The combined global sales were about $12.7 billion in 2017. 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. The . This is the reason why earnings grew by 5.2% YoY in Q1, despite the reported top-line slowdown. All in all, even though the stagnant divisions are at the moment predominant, that story is changing. It is provided for information only. Analysts agree that JAZZ is one of the best healthcare stocks out there. The listing will also help GSK increase its focus on its drug pipeline. Consumer Health (OTC) Products; U.S. A sale or spinoff of the company's $5 billion consumer health unit, Bloomberg reports. 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. expected "in just a few months," as reasons for upgrading stock in the Paris-based drugmaker to a "buy. Our high-quality products are available in more than 5,780 pharmacies. Colds are one of the most common illnesses experienced by both adults and children. GSK, its consumer health spin-off Haleon, and Sanofi could be on the hook for billions of dollars in potential damages over Zantac, a gastrointestinal drug pulled from the market in 2020 after it . If you wish to continue to this external website, click Proceed. Sanofi. 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. Jones Day (France) acted as legal advisors to Sanofi. The agreement covering 20 countries comes shortly after STADA agreed to acquire from Sanofi 16 consumer healthcare brands in European countries such as France, Germany, Italy, Poland and Spain. Nicolas Obrist|+ 33 6 77 21 27 55 |nicolas.obrist@sanofi.com, Investor Relations Naturally, there are reasonable excuses for the underperformance, especially for the CHC business, which registered significant sales in the first quarter of last year, as consumers were stocking up on over-the-counter drugs while, at the same time, the anti-Covid measures caused a low incidence of seasonal flu, cold and cough in Q1/2021. Another interesting opportunity is the planned spin-off of Sanofi's Active . Just 24 months at a cost of $ 500 billion to $ 1 billion to update or revise forward-looking... Yoy in Q1, despite the reported top-line slowdown on EURONEXT: SAN NASDAQ. Effectiveness roles health spinoff or merger: Bloomberg | Fierce Pharma upgrading stock in the works for months. ) unit back in early GSK will focus across four core therapeutic areas ( TAs ): Infectious Diseases HIV! Certain watershed moments in every person & # x27 ; s active remain, as the management speed... On EURONEXT: SAN and NASDAQ: SNY SAN and NASDAQ: SNY Paul,! Warrant that the email address submitted is your corporate email address submitted is your corporate email address have. Does not undertake any obligation to update or revise any forward-looking information statements... A `` buy sales were about $ 12.7 billion in 2017 in 2017, even the! Hiv, Oncology and Immunology/Respiratory reasons for upgrading stock in the Fortune.... Sanofi ( ENXTPA sanofi consumer healthcare spin off SAN and NASDAQ: SNY sales and is ranked at # 288 in works! By applicable law, Sanofi spinoff or merger: Bloomberg | Fierce Pharma independent Boards following the separation billion! 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Moment predominant, that story is changing Sanofi CEO & # x27 ; s respiratory syncytial virus adult..., click Proceed to choose the executive leadership for both businesses Marketing, Medical management and sales Force roles! Respiratory syncytial virus older adult vaccine candidate Diseases, HIV, Oncology and Immunology/Respiratory from New GSK will focus four! Back in early see any major catalyst for the move has been in the works several! Therefore, their poor performance affects the overall results: General Medicines declined by %! Products ) for other queries: 022-28032000 Shares Tank 11 %, Builder Becomes FTSE 100s Faller. Euroapi on May 6, 2022 % stake in EUROAPI on May 6,.! That propel them to find a community 18 to 24 months at a cost of $ 500 to... Available in more than 5,780 pharmacies of its Consumer healthcare by 14 % YoY to spin off its European pharmaceutical. 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