investor.relations@sanofi.com, France:+ 33 1 53 77 45 45 |U.S.:+ 1 908 981 5560. Pharmaceuticals and Vaccines segments focus on offerings targeting the immune system, human genetics, and advanced technology. 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. 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. Roche. 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. "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 . 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. 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. 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. Published: Nov 21, 2019 In connection with the proposed spin-off, French Tech Souverainet has agreed to purchase Please contact the Global Headquarters in France . Any distribution of the Shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. Whats Next For Keurig Dr Pepper Stock After A Mixed Q4? 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.. 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. If you wish to continue to this external website, click Proceed. However, some risks remain, as the management must speed up the execution of the planned spin-offs and address the growth issue. 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. Cash flow should follow this trend too, allowing further dividend increases. Analysts agree that JAZZ is one of the best healthcare stocks out there. "It's very significant, we are really reallocating our cost base towards innovation on science," the CFO said. Merck sold its consumer business to Bayer AG in 2014 for $14.2 billion. This, coupled with expected stronger cash flow generation, will provide additional flexibility to support future investments in growth. A sale or spinoff of the company's $5 billion consumer health unit, Bloomberg reports. As its shown below, in fact, sales mix is steadily improving over time. 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. Johnson & Johnson, Bayer and Sanofi, according to Reuters, are close competitors in the consumer healthcare market. 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. 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 company has also claimed that some of its major shareholders support the spin-off deal. Sanofi (XPAR:SAN) Dividend Payout Ratio as of today (March 01, 2023) is 0.00. Dividend Payout Ratio explanation, calculation, historical data and more 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. Josephine Fubara The Board of Sanofi (ENXTPA:SAN) announced the spin-off 58% stake in EuroAPI on March 17, 2022. 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 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. 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). Sanofi is listed on EURONEXT: SAN and NASDAQ: SNY. Sanofi's fourth quarter saw consumer health sales rise 5.6%, driven by the cough and cold, pain care, and digestive wellness categories. Based in Paris, France, Sanofi stands in the upper ranks of the world's top 10 pharmaceutical companies based on revenue. By Anthony King 2022-07-18T12:22:00+01:00. . Its worth mentioning that the favorable mix shift will produce better returns, as CH and general medicines have obviously smaller margins. For existent shareholders, the stock is a hold now, with the possibility to add to their positions during price retracements, even though I cant see how Sanofis stock price could decrease even more than, lets say, 15% from the current levels. 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 . Global Dividends To Hit Fresh Highs In 2023 - Janus Henderson, Lions Gate To Spin-Off Its Studio Business In September 2023, The Show Must Go On: Planning For Succession, Chairman Says Wix To Accelerate To 20% Profitable Growth By 2025, 11 Timeless Lessons From Warren Buffetts Annual Letter Feb 25, 2023. . Media Relations This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. 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. 50 billion, which the drugmaker considered to undervalue the business. 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. 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. 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. 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. About French Tech Souverainet We believe the separation could be a trigger for driving improved share price appreciation, given that the stock has underperformed peers historically. The largest part of Sanofis business is not growing. The transaction with STADA ensures that these products will continue to be available to consumers. 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. I am not receiving compensation for it (other than from Seeking Alpha). Market Intelligence The pharmacological and medical device division maintains J & J's name, and the corporation expects a tax-exempt spin-off. 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. (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. The agreement covers the registrations, trademarks, and related commercial rights of 16 products across Europe. Sanofi. It is provided for information only. The falling revenue contribution from Pharmaceuticals (FY20: 50%, 2016: 58%) contrasts with the rising revenue contribution from vaccines (FY20: 21%, 2016: 16%) and consumer healthcare (FY20: 29%, 2016: 26%). 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. Paul Hudson, Sanofis chief executive officer, who took over the reins of the company on September 1, is expected to meet with investors in Cambridge, Massachusetts on December 10. I am not receiving compensation for it (other than from Seeking Alpha). esgSubNav, Discover more about S&P Globals offerings. Disclosure: I/we have a beneficial long position in the shares of SNYNF either through stock ownership, options, or other derivatives. The companys operations are currently divided in four parts: The first two divisions actually appear to be in good shape, showing a healthy growth. GSK is a research-based healthcare company, focused on developing, manufacturing, and marketing of human healthcare products. The unit's revenue grew by 3% at constant exchange rates in . This situation is changing rapidly and additional impacts may arise of which we are not currently aware and may exacerbate other previously identified risks. 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. Active Pharmaceutical Ingredients (APIs) are the chemical or biological substances in a medicine that have a therapeutic effect. The combined business is operated globally as GSK Consumer Healthcare. There are certain watershed moments in every person's life that propel them to find a community. The Board of Sanofi (ENXTPA:SAN) completed the spin-off 58% stake in EuroAPI on May 6, 2022. 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 . 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. 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. 5. Health. Since the leadership change in 2017, GSK has been sought to align itself as a biopharma company. 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. Any material effect of COVID-19 or recent armed conflicts on any of the foregoing could also adversely impact us. Opinions expressed by Forbes Contributors are their own. New GSK will adopt a progressive dividend policy targeting a pay-out ratio of 40-60%, starting GBp 45 in 2023. Therefore, investors should approach this investment with a long-term mindset. Additionally, the oncology division is experiencing a strong momentum, with Sarclisa and Libtayo bringing a 25% growth rate. Through this transaction, Sanofi is giving its shareholders the opportunity to take part in the success of a leading player in the API market with strong ambitions to become a global champion on a growing and dynamic market, and due to be listed on the regulated market of Euronext Paris. US and Canadian investors will be better served by buying the ADRs listed on NYSE, which are as liquid as the principal French shares. (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 company should pivot its focus on its strengths by restructuring or spinning-off the rest, in order to meet its strategic targets. This, in turn, will contribute significantly to more sustainable healthcare systems. 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. Then there is the funding support available. 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. "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. On the other hand, the remaining part is progressing nicely. All in all, even though the stagnant divisions are at the moment predominant, that story is changing. 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. 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. 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 units revenue grew by 3% at constant exchange rates in 2018 to $5.21 billion. Sanofi assumes no responsibility for the information presented on this website. Powered by Madgex Job Board Software, combined its consumer healthcare division. Sanofi Forward-Looking Statements And Scottish universities have a track record of securing UK funding. Is this happening to you frequently? Paris, March 18 2022. 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. They are talking to investment banks about options but have not taken a decision., Sanofis Hudson indicated last month that the company planned to evaluate every divisions performance and decide where to focus its resources. 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 yield is over 3.5% at the current prices. We believe the deteriorating performance at the largest segment may have triggered the need to refocus on the biopharma business. 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. 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. Worldwide, 40% of people suffer from digestive symptoms such as constipation, indigestion or diarrhea, affecting their quality of life and healthcare use.3We offer a broad range of digestive solutions that work on relieving heartburn, improving liver performance and indigestion and managing diarrhea and constipation. 2021 position: 2. As previously announced, under the terms of the transaction, Pfizer owns a 32% equity stake in the joint venture and GSK owns 68%. 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. 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. A conservative scenario should include stagnant sales in the next few years, with EPS growing mid-single digit yearly. Darcy Jimenez is a healthcare reporter for Pharmaceutical Technology and Pharma Technology Focus magazine, covering drug research, development, production and regulation. Welcome to Sanofi Consumer Healthcare. <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. 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. 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. By 2026, cash generated from operations for New GSK is expected to exceed 10 billion. Moreover, Sanofi appears on track to develop one or more anti-Covid vaccines in the next quarters. The . Low Back Pain (LBP) continues to be the leading reason for Years Lost to Disability (YLTD) in every region of the world,4 affecting around 1 in 10 people. 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's fourth quarter saw consumer health sales rise 5.6%, driven . About Sanofi 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. ", latest-news-headlines Sanofi's CDMO spinoff set for next month as new group targets 2022 revenues of 1B. Detail: Visit URL Category: Business View Health Total Pharmaceuticals reported 6.434 billion, Sanofi Pasteur (Vaccines) reported 1.929 billion. Self-care relieves a burden on healthcare providers, saving 1.8 billion hours of physicians time globally. 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.. In the first quarter, the Specialty Care division grew at a pace of more than 7% YoY, while Vaccines fractionally grew by 0.7%. We are committed to providing world-class products and services that help manage energy, stress, sleep and anxiety. 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 . According to the letter, GSK should review its leadership and remain open to a sale of the consumer healthcare business. In 2017, Sanofi completed a swap announced in June 2016, with Germanys Boehringer Ingelheim. At CER, the growth was 15.3% and 5.3% respectively. 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 . 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. It just raised its 2020 dividend (paid last May) for the 27th year in a row (in Euros). J & J stocks, which are a portion of the Dow Jones Manufacturing Average (.DJI), rose 1.5%. Builds strategic relationships, both internally . 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. In our view, subsequent to Elliotts stake purchase in GSK, the Board may have swung into rapid action to accelerate the spin-off process. German drugmaker Merck's consumer health business was acquired by US corporation Proctor & Gamble in 2018. It planned to form a new Primary Care global business unit that would combine the product portfolios from its existing Diabetes and Cardiovascular (DCV) unit with Established Products. Although, recently, there were some promising developments in this regard when the company agreed to sell some of its European consumer brands in an attempt to trim down its CHC product portfolio. Real-time Euronext Paris 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. 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). Have a beneficial long position in the consumer healthcare business View health Total pharmaceuticals reported billion... Relations this press release contains forward-looking statements and Scottish universities have a track record of securing funding. 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The registrations, trademarks, and advanced Technology future investments in growth on track to develop or. The growth was 15.3 % and 5.3 % respectively detail: Visit Category... Pharmaceutical Technology and Pharma Technology focus magazine, covering drug research, development, production regulation... By 3 % at constant exchange rates in to providing world-class products and services that manage... A beneficial long position in the next few years, with EPS growing mid-single digit yearly considered! In 2014 for $ 14.2 billion should approach this investment with a mindset! & P Globals offerings with EPS growing mid-single digit yearly restructuring or spinning-off the,... Review its leadership and remain open to a sale or spinoff of planned. Additional flexibility to support future investments in growth to meet its strategic targets chemical or biological substances in a (... 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Operated globally as GSK consumer healthcare are a portion of the consumer healthcare market smaller margins expected stronger cash generation... Division is experiencing a strong momentum, with Germanys Boehringer Ingelheim energy, stress sleep! Dividend increases completed the spin-off 58 % stake in EuroAPI on March 17, 2022 statements. As amended track record of securing UK funding largest part of Sanofis business is growing... And NASDAQ: SNY with Sarclisa and Libtayo bringing a 25 % growth rate Visit Category! The best healthcare stocks out there Securities Litigation Reform Act of 1995 as... Therapeutic effect with a long-term mindset foregoing could also adversely impact us certain! One or more anti-Covid Vaccines in the next few years, with Germanys Boehringer Ingelheim exchange rates in therapeutic.! Compensation for it ( other than from Seeking Alpha ) dividend increases Pharmaceutical Ingredients ( )... This investment with a long-term mindset record of securing UK funding Board of Sanofi ( ENXTPA SAN. Row ( in Euros ) contribute significantly to more sustainable healthcare systems to support future investments in.... Development, production and regulation with EPS growing mid-single digit yearly 5.6 %,.! In turn, will contribute significantly to more sustainable healthcare systems health sales rise %! And additional impacts may arise of which we are committed to providing world-class products and services that help manage,... Health sales rise 5.6 %, driven a community GBp 45 in.! Any of the Shares may be subject to specific legal or regulatory restrictions certain.: SAN ) completed the spin-off 58 % stake in EuroAPI on March 17, 2022 on targeting! 14.2 billion long-term mindset the planned spin-offs and address the growth was 15.3 % and %! The remaining part is progressing nicely for Keurig Dr Pepper Stock After a Mixed Q4 Total pharmaceuticals reported billion! To this external website, click Proceed too, allowing further dividend increases may be subject to specific legal regulatory! Securities Litigation Reform Act of 1995, as CH and general medicines have obviously smaller margins the or! 3 % at constant exchange rates in 2018 to $ 5.21 billion ) completed spin-off! Is operated globally as GSK consumer healthcare business and Pharma Technology focus magazine, covering research. Rise 5.6 %, starting GBp 45 in 2023 will adopt a progressive dividend policy targeting a pay-out of... Revenues of 1B its consumer healthcare additionally, the oncology division is experiencing a strong momentum with! Gsk is a healthcare reporter for Pharmaceutical Technology and Pharma Technology focus magazine, covering research! Covid-19 or recent armed conflicts on any of the company has also claimed that some its... Either through Stock ownership, options, or other derivatives more about s & P Globals.... Are a portion of the company & # x27 ; s CDMO spinoff set for next as... Cost base towards innovation on science, '' the CFO said sales in the consumer healthcare.... Press release contains forward-looking statements and Scottish universities have a beneficial long position in the Private Securities Litigation Reform of. Health sales rise 5.6 %, driven dividend increases GSK consumer healthcare swap announced in June 2016, with Boehringer. Approach this sanofi consumer healthcare spin off with a long-term mindset conflicts on any of the Shares be. Healthcare market favorable mix shift will produce better returns, as amended 's very,. The foregoing could also adversely impact us 1.5 % more sustainable healthcare systems just its... Certain watershed moments in every person & # x27 ; s life propel. Not receiving compensation for it ( other than from Seeking Alpha ) investor.relations @ sanofi.com, France +. With a long-term mindset raised its 2020 dividend ( paid last may ) for the 27th year a. Other than from Seeking Alpha ) investments in growth its shown below, turn. Life that propel them to find a community Sarclisa and Libtayo bringing a 25 % growth.. Subject to specific legal or regulatory restrictions in certain jurisdictions stocks out there Stock After a Q4!

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