Consumer Healthcare; The first two divisions actually appear to be in good shape, showing a healthy growth. Julie Van Ongevalle Co-led corporate technology planning and execution for a $14BN Consumer business spin-off. In the past, many pharmaceutical companies have divested slower-growth, lower margin and non-core or off-patent businesses to focus on their core business. 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 leading site for news and procurement in the pharmaceutical industry. US and Canadian investors will be better served by buying the ADRs listed on NYSE, which are as liquid as the principal French shares. A second unit would be called China & Emerging Markets and was to focus on what Sanofi called the unique characteristics and tremendous growth opportunities in emerging markets, particularly in China which is Sanofis second-largest market after the United States.. Post separation, the new Consumer Healthcare company is expected be listed on London Stock Exchange (LSE) with ADR to be listed in the US. 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 . Published: Nov 21, 2019 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. J&J is not the first drugs giant to cleave its consumer arm in favour of its more lucrative pharmaceutical business. 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. . A critical question in most spin-offs is how to allocate talent, since every company naturally wants to retain its best people, especially amid great change. The company was formed by a merger between Glaxo Wellcome plc and SmithKline Beecham plc. If you wish to continue to this external website, click Proceed. The . 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. In our view, subsequent to Elliotts stake purchase in GSK, the Board may have swung into rapid action to accelerate the spin-off process. 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. Some time ago, the French company already announced its commitment to carve out its consumer healthcare segment. Darcy Jimenez is a healthcare reporter for Pharmaceutical Technology and Pharma Technology Focus magazine, covering drug research, development, production and regulation. 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. 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. The UKs GlaxoSmithKline combined its consumer healthcare division with Pfizers in 2018. The new Primary Care unit was to focus on mature markets. Whats Next For Keurig Dr Pepper Stock After A Mixed Q4? Sanofi's fourth quarter saw consumer health sales rise 5.6%, driven . That happened because the General Medicines and Consumer Healthcare divisions account for more than half of the companys total sales (see the picture below). Cash flow should follow this trend too, allowing further dividend increases. Opinions expressed by Forbes Contributors are their own. There is speculation in the investor, healthcare and consumer product business communities that Sanofi . The spun-unit is expected to have net debt/adjusted EBITDA leverage ratio of up to 4.0x and will be targeting an investment grade credit rating post separation. Job alerts. Sanofi moves forward with EUROAPI listing on Euronext Paris. 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. 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. (Just Now) WebOn June 23, 2021, GlaxoSmithKline plc (NYSE: GSK, $40.45, Market Cap: $101.8 billion) announced that it plans to spin-off its Consumer Healthcare division into a separately listed company. ", latest-news-headlines 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. investor.relations@sanofi.com, France:+ 33 1 53 77 45 45 |U.S.:+ 1 908 981 5560. Sanofi streamlines Consumer Healthcare portfolio in Europe with divestiture of 16 brands to STADA. I am not receiving compensation for it (other than from Seeking Alpha). 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. 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 2018, Pfizer split itself into three business units after failing to sell off its consumer health segment. With the implicit support of the French government (given how over-reliant most western countries, including France, are on Asian and Indian drug suppliers), this move brings another massive opportunity for Sanofi and its shareholders. The yield is over 3.5% at the current prices. The CEO's review of the consumer unit coincided with a trend for pharmaceutical giants like Johnson & Johnson and GlaxoSmithKline PLC to simplify their diversified structures and double-down on lucrative franchises, such as cancer and rare disease, driven by pioneering science, data and technological advances. Because your health starts with you, we are committed to providing self-care solutions to allow you to better manage your personal well-being. The unit's revenue grew by 3% at constant exchange rates in . Please contact the Global Headquarters in France . 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. 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. All in all, even though the stagnant divisions are at the moment predominant, that story is changing. 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. Both the advisors are also working with the company on defense against a potential activist campaign from Elliott. We are committed to providing world-class products and services that help manage energy, stress, sleep and anxiety. The largest part of Sanofis business is not growing. The units revenue grew by 3% at constant exchange rates in 2018 to $5.21 billion. 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. In Australia our 350 person strong consumer healthcare team researches, develops and manufactures a range of healthcare solutions including vitamins, minerals and supplements, at our Brisbane facility. Partnerships with universities allow companies to apply for UK funding streams. We believe the separation could be a trigger for driving improved share price appreciation, given that the stock has underperformed peers historically. 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. We have extensive lines of prescription medicines and . The company plans to provide a comprehensive update to investors on the planned separation in early 2022. 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. It is provided for information only. Chief Science Officer for Consumer Healthcareon International Self-Care Day 2022. Our brands are trusted across the world, and some have been on the market for over 50 years. Today marks a major milestone for EUROAPI, a leading European company dedicated to the development, production and marketing of active pharmaceutical ingredients* (API), as Sanofis Board of Directors unanimously proposed, on March 17th, to submit to its shareholders the distribution of circa 58% of the share capital of EUROAPI. There has been intense speculation on the part of analysts and investors on whether Sanofi would divest or spin off its consumer healthcare unit. The company expects to announce a strategic plan in December. 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. It operates through three business segments Pharmaceuticals, Vaccines and Consumer Healthcare. 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). The profit growth will be supported by new vaccines and specialty drugs, and improved operational performance. Haleon emerges from GSK consumer healthcare spin-off. Sanofi is a diversified global healthcare leader, focused on developing products that meet the health needs of people. Roche. Final note: I am long Sanofi directly through its shares listed in Europe. We provide potentially life-changing treatment options and life-saving vaccine protection to millions of people globally, while putting sustainability and social responsibility at the center of our ambitions. The company operates in three major business segments, Pharmaceuticals, Vaccines and Consumer Healthcare. The deal increased Sanofis consumer healthcare market share to about 4.6% and bolstered its operations in specific markets in Germany and Japan. As its shown below, in fact, sales mix is steadily improving over time. Sanofi Forward-Looking Statements 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. Active Pharmaceutical Ingredients (APIs) are the chemical or biological substances in a medicine that have a therapeutic effect. Therefore, their poor performance affects the overall results: General Medicines declined by 9% and Consumer Healthcare by 14% YoY. Esta no es la primera vez que Sanofi proyecta una escisin. This is all supported by the national strengths in data and advanced tech such as artificial intelligence and machine learning, which are accelerating development timelines of treatments. By Anthony King 2022-07-18T12:22:00+01:00. . Sanofi's fourth quarter saw consumer health sales rise 5.6%, driven by the cough and cold, pain care, and digestive wellness categories. Transaction is expected to close on May 6, 2022. El 1 de enero de 2022 debut Opella, una nueva entidad legal a nivel global que engloba su negocio de Consumer Healthcare. Investigator Sponsored Studies and Externally Sponsored Collaboration, Access to Quality Healthcare Sanofi Global Health, Contributing to the eradication, elimination and control of some infectious diseases, Serving the needs of patients with non-communicable diseases, Development opportunity: how Sanofi empowers you, Press Release: Sanofi moves forward with EUROAPI listing on Euronext Paris, Sanofi will give its shareholders the opportunity to be part of EUROAPIs new chapter of growth through an additional extraordinary dividend in kind, EUROAPI listing on Euronext Paris will occur in H1 2022, despite volatile market conditions, The French State, through the fund French Tech Souverainet, intends to acquire 12% of EUROAPIs capital for up to 150 million from Sanofi to become a long-term reference shareholder of EUROAPI, As planned, Sanofi will continue to hold circa 30% of EUROAPI, post transaction, The overall transaction is subject to approval at the Sanofi 2022 Shareholders Meeting, and the AMF approval on EUROAPIs French prospectus. <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. This is the reason why earnings grew by 5.2% YoY in Q1, despite the reported top-line slowdown. I am not receiving compensation for it (other than from Seeking Alpha). According to the letter, GSK should review its leadership and remain open to a sale of the consumer healthcare business. GSK claimed strengthened governance through the appointments of former Bristol-Myers Squibb executive Charles Bancroft and Anne Beal as non-executive directors. Elsewhere, Sanofi said it expects trials of the COVID-19 shot being developed in conjunction with GSK to read out later this quarter, while a late-stage vaccine for respiratory syncytial virus developed with British COVID-19 vaccine-maker AstraZeneca PLC is expected to be filed with regulators this year. "We were ahead of the curve when we declared in 2019 that we saw the importance of consumer. Sanofi streamlines Consumer Healthcare portfolio in Europe with divestiture of 16 brands to STADA. The companys management has justified the decision for a spin-off over other alternatives such as a sale (as suggested in Elliotts letter). *About Active Pharmaceutical Ingredients (APIs) Many have decided either to sell off the divisions in whole or in part - including Novartis, Merck KGaA, Bristol-Myers Squibb and Bayer for example - while GlaxoSmithKline and Pfizer both slimmed down their range before combining . Culture and talent. The corporation said it would complete the split in 18 to 24 months at a cost of $ 500 billion to $ 1 billion. esgSubNav, Discover more about S&P Globals offerings. 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. German drugmaker Mercks consumer health business was acquired by US corporation Proctor & Gamble in 2018. 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. Sanofi's CDMO spinoff set for next month as new group targets 2022 revenues of 1B. Executive Vice President, Consumer Healthcare, on International Self-Care Day 2021. Key components to future growth of Sanofi's OTC business in the United States . 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. Sanofi does not anticipate any impact of this divestiture to its European-based workforce. I/we have a beneficial long position in the shares of SNYNF either through stock ownership, options, or other derivatives. The agreement covers the registrations, trademarks, and related commercial rights of 16 products across Europe. Patents; Patient Support Services; Resources for Healthcare Providers; Colorado Disclosure; Vermont Disclosure; Our Responsibility. R&D Spend: USD 13.080 billion. I have no business relationship with any company whose stock is mentioned in this article. Sanofi Offloads 16 Consumer Health Brands Health 9 hours ago Web As part of its quest to streamline consumer healthcareand eventually spin off the unit as a standalone businessSanofi will offload 16 consumer . Additionally, the oncology division is experiencing a strong momentum, with Sarclisa and Libtayo bringing a 25% growth rate. New GSK will adopt a progressive dividend policy targeting a pay-out ratio of 40-60%, starting GBp 45 in 2023. 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. 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. Sanofi assumes no responsibility for the information presented on this website. 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. 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. If you wish to continue to this external website, click Proceed. The move will allow Johnson & Johnson to focus on its pharmaceutical and medical device divisions. The dividend amount is expected to be GBp 55, assuming Consumer Healthcare dividend payout ratio of 30-50%. A conservative scenario should include stagnant sales in the next few years, with EPS growing mid-single digit yearly. Deal Overview. 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 . Morningstar analyst Damien Conover said: The firms timing is surprising, as we dont see any major catalyst for the move. . Total Pharmaceuticals was up 1.5%, whereas Vaccines was down 9.8%, with total net sales down 1.1%. 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. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. Colds are one of the most common illnesses experienced by both adults and children. The consumer arm comprised of million- and billion-dollar brands and offering products such as mouthwash, shampoo, and skincare will form a new publicly traded company in the next 18 to 24 months. 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. 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. 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. She is particularly interested in stories about AI, antibiotic resistance, and global health equality. investor.relations (at) sanofi.com. 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 Board of Sanofi (ENXTPA:SAN) announced the spin-off 58% stake in EuroAPI on March 17, 2022. 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. STADA Arzneimittel AG is headquartered in Bad Vilbel, Germany. 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 In the EU, the total cost of absenteeism and presenteeism associated with allergies ranges from 55-151 billion annually. At CER, the growth was 15.3% and 5.3% respectively. For medical information: medinfo.india@sanofi.com , customercare. Design However, it looks like that les grandes manoeuvres, aimed at the realization of this project, will proceed at a slow speed. We offer a broad range of digestive solutions that work on relieving heartburn, improving liver performance and indigestion and managing diarrhea and constipation. Incorporated in 1999, GlaxoSmithKline plc (GSK), a British company based in United Kingdom. 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. On July 2, 2021, GSKs Board issued a statement, rejecting demands for Board changes and downplaying the suggestion of a sale of the consumer healthcare unit. In 2022, GSK shareholders will receive dividends from New GSK and Consumer Healthcare NewCo due to the expected mid-year timing of the separation. GSK is a research-based healthcare company, focused on developing, manufacturing, and marketing of human healthcare products. Sanofi exchanged its Merial animal drugs business with Boehringers over-the-counter (OTC) drugs businessbasically, Sanofi picked up Boehringers consumer health business. 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. 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. 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.. As previously announced, under the terms of the transaction, Pfizer owns a 32% equity stake in the joint venture and GSK owns 68%. 07 MARCH 2023. 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. 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. The company could also monetize the stake and bolster its balance sheet. Cowen's 43rd Annual Health Care Conference With Bill Sibold, EVP, Specialty Care & Frank Nestle, Global Head of Research, Chief Scientific Officer > Add the event to my calendar with a decision due by the end of the year. 50 billion, which the drugmaker considered to undervalue the business. 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. The companys consumer health unit is worth about $30 billion and one of the companys options is an initial public offering (IPO). J.P. Morgan & Cie S.A.S. Real-time Euronext Paris Physical and Mental Wellness. According to Dealogic, an investment banking data provider, 14 spin-offs were completed in the U.S. last year, of which two were healthcare: Bioverativ and . 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. Sanofi (XPAR:SAN) Dividend Payout Ratio as of today (March 01, 2023) is 0.00. Dividend Payout Ratio explanation, calculation, historical data and more My holding period is ideally "forever", even though I can't exclude to make some changes from time to time. The joint venture was then spun off and listed separately. 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. 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.. It will lead to the creation of a consumer health giant with a market share of 7.3 percent, well ahead of its nearest rivals Johnson & Johnson, Bayer and Sanofi, all on around 4 percent. We are committed to providing world-class products and services that help manage energy, stress, sleep and anxiety. This, coupled with expected stronger cash flow generation, will provide additional flexibility to support future investments in growth. Unveiling his strategy after joining the drugmaker from Novartis AG in 2019, Hudson said Sanofi's focus would be on vaccines, research and development and Dupixent a psoriasis medicine that the CEO projects will exceed annual peak sales of 10 billion while exiting traditional areas of expertise like cardiovascular and diabetes research. Other commercial successes in J&Js pharma portfolio include inflammatory disease therapy Stelara, which reaped $7.7bn in revenue last year; monoclonal antibody Darzalex for the treatment multiple myeloma; lymphoma and chronic graft-versus-host disease drug Imbruvica, developed with AbbVie; and antibody-based plaque psoriasis treatment Tremfya. Any distribution of the Shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. 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. When it lists on the Lon . Our portfolio in cough and cold addresses the full range of symptoms so people can get back to their lives. Jones Day (France) acted as legal advisors to Sanofi. without the spin-off) from 2022, following anticipated lower growth in 2021 due to currency weaknesses and . JUNE 28, 2021. 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. Johnson & Johnson plans to spin off its consumer health division that sells Listerine and Baby Powder to focus on pharmaceuticals and medical devices in the biggest shake-up in the U.S. company's 135-year history. Welcome to Sanofi Consumer Healthcare. This month, US healthcare giant Johnson & Johnson (J&J) announced plans to spin off its consumer health division in a move that will see the company focus on its drug and medical device businesses. 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. 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. 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 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. 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. The pharmacological and medical device division maintains J & J's name, and the corporation expects a tax-exempt spin-off. Sanofi moves forward with EUROAPI listing on Euronext Paris you warrant that the has!, even though the stagnant divisions are at the current prices speculation on planned... Their poor performance affects the overall results: General Medicines declined by 9 and! Of Sanofis business is not growing After failing to sell off its consumer Healthcare update to on. 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Some time ago, the oncology division is experiencing a strong momentum, with total sales... So people can get back to their lives announced its commitment to carve out its consumer segment. On March 17, 2022 its leadership and remain open to a sale ( as suggested in letter! Gsk is a research-based Healthcare company, focused on developing, manufacturing and! A Healthcare reporter for pharmaceutical Technology and Pharma Technology focus magazine, covering drug research, development, and! A trigger for driving improved share price appreciation, given that the stock has underperformed peers.... Exchange rates in are committed to providing world-class products and services that help manage,. In the next few years, with Sarclisa and Libtayo bringing a 25 % growth.. Favour of its more lucrative pharmaceutical business, we are committed to providing Self-Care solutions to you... We saw the importance of consumer & Gamble in 2018 the email address French already! The stock has underperformed peers historically should include stagnant sales in the past many! I have no business relationship with any company whose stock is mentioned in this article firms is. Sanofi moves forward with EUROAPI listing on Euronext Paris improving liver performance and indigestion and managing and! As legal advisors to sanofi more lucrative pharmaceutical business AG is headquartered in Bad Vilbel Germany. With divestiture of 16 brands to STADA market for over 50 years we were of... And bolster its balance sheet is the reason why earnings grew by 5.2 %.... Stake in EUROAPI on March 17, 2022 sanofi would divest or spin off its consumer sales!
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