Key components to future growth of Sanofi's OTC business in the United States . 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. 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. Sanofi (XPAR:SAN) Dividend Payout Ratio as of today (March 01, 2023) is 0.00. Dividend Payout Ratio explanation, calculation, historical data and more 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. Self-care can enhance wellbeing, prevent disease, curb illness, and restore health. 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. On the other hand, the remaining part is progressing nicely. Julie Van Ongevalle On January 22, 2019, GSK acquired complete stake in Tesaro Inc., an oncology focused biopharmaceutical company, for $5.0 billion (3.9 billion) in cash, to strengthen its pharmaceutical pipeline and commercial capability in oncology. 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. Total capitalization is currently less than 10 times the companys earnings, significantly better than the industry average (see the picture below); under these circumstances, the stock should also appreciate by a minimum CAGR of 4-5% in the foreseeable future. The unit's revenue grew by 3% at constant exchange rates in . Chief Science Officer for Consumer Healthcareon International Self-Care Day 2022. Cash flow should follow this trend too, allowing further dividend increases. Welcome to Sanofi Consumer Healthcare. From a neighborhood or school community to a network with a shared bond of life-changing experiences like a medical diagnosis, being part of a community can foster feelings of connection. Executive Vice President, Consumer Healthcare, on International Self-Care Day 2021. 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). Following recent nonexecutive leadership additions, GSK is planning further appointments, prior to the separation to increase biopharmaceuticals and scientific experience for New GSK. 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 . 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 . We are pleased these products will continue to be available for consumers as we focus on becoming a fully integrated standalone business said Julie Van Ongevalle, Executive Vice-President, Sanofi and Head of Sanofi Consumer Healthcare. The Board of Sanofi (ENXTPA:SAN) completed the spin-off 58% stake in EuroAPI on May 6, 2022. The listing will also help GSK increase its focus on its drug pipeline. (Photo by Ben STANSALL / AFP) (Photo by BEN STANSALL/AFP via Getty Images). That happened because the General Medicines and Consumer Healthcare divisions account for more than half of the companys total sales (see the picture below). As a health journey partner, we aim to empower consumers to live healthier and fuller healthier lives through a full range of holistic pain management solutions. Sanofi is a long-term player. (2021). It operates through three business segments Pharmaceuticals, Vaccines and Consumer Healthcare. Prior to the transaction, New GSK is expected to receive up to 8 billion (~$11.0 billion) from the Consumer Healthcare unit. At that time, Sanofis three remaining global business units, Sanofi Genzyme, Sanofi Pasteur and Consumer Healthcare werent changing. The pharmacological and medical device division maintains J & J's name, and the corporation expects a tax-exempt spin-off. Surface Studio vs iMac - Which Should You Pick? Some time ago, the French company already announced its commitment to carve out its consumer healthcare segment. Moreover, the company aims to prioritize research and development and commercial investment in vaccines and specialty medicines, which are expected to grow to around three-quarters of company sales by 2026E. esgSubNav, Discover more about S&P Globals offerings. -. 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 . . In 2017, Sanofi completed a swap announced in June 2016, with Germanys Boehringer Ingelheim. Our high-quality products are available in more than 5,780 pharmacies. 14 February 2023. Sanofi's Board of Directors unanimously proposed to submit to its shareholders the distribution of circa 58% of the share capital of EUROAPI. Forward-looking statements are statements that are not historical facts. Other than as required by applicable law, Sanofi does not undertake any obligation to update or revise any forward-looking information or statements. Sanofi will look to offload around 150 OTC brands as part of a radical overhaul of its Consumer Healthcare operation. Total Pharmaceuticals reported 6.434 billion, Sanofi Pasteur (Vaccines) reported 1.929 billion. Executive Summary. "We don't worry about what the other companies do, we worry about what we're doing and we're pleased with what's going on in our consumer business.". Home . There has been intense speculation on the part of analysts and investors on whether Sanofi would divest or spin off its consumer healthcare unit. 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. 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. 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, 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.. Esta no es la primera vez que Sanofi proyecta una escisin. Sanofi shareholders will receive one EUROAPI share for 23 shares held in the parent company, and Sanofi plans to keep a 30% stake in EUROAPI. Then there is the funding support available. All rights reserved. However, the French dividend tax for foreign individuals amounts to just 12.8%. The firm demanded that before the planned separation, non-executive directors with extensive biopharmaceuticals and consumer healthcare experience be added to GSKs Board. As its shown below, in fact, sales mix is steadily improving over time. 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. Sanofi Pharma; Sanofi Genzyme; Sanofi Pasteur; Our data sharing commitments; Managed Access Programs (MAPs) . An initial public offering (IPO) of the unit, which could be worth around $30 billion according to two sources familiar with the matter, is also on the cards. Sanofi does not anticipate any impact of this divestiture to its European-based workforce. 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. 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. 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. 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.. Sanofis (OTCPK:SNYNF)(NASDAQ:SNY) last financial results offered a mixed picture. Notice to holders of American Depositary Receipts (ADRs) 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. "Now, they may be some years out, but they are transformational in terms of the performance of consumer business that is already accelerated," the CEO said. Grow with us; Diversity & Inclusion; Development opportunity: how Sanofi empowers you; Homepage; Membership Levels; About Us; General Discussion; Complete Stock List; The Book; Membership Data Coverage . There is speculation in the investor, healthcare and consumer product business communities that Sanofi . 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. Bronchiolitis Obliterans Drugs in Development by Stages, Tar Thailand Healthcare (Pharma and Medical Devices) Market Anal Malaysia - Healthcare (Pharma and Medical Devices) Market An Israel Healthcare (Pharma and Medical Devices) Market Analys Colombia Healthcare (Pharma and Medical Devices) Market Anal Magazine: Right shoring API production in Europe, CMO Moves: Regulatory catalysts for drug manufacturing- February. 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 . 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 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. 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. The Consumer Healthcare business comprises major brands targeting oral health, pain relief, cold, flu and allergy, digestive health and vitamins, minerals and supplements. 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. This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. We are committed to providing world-class products and services that help manage energy, stress, sleep and anxiety. Josephine Fubara 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. For July 2022 GlaxoSmithKline [GSK.L] set the scene for one of the biggest listings in . Both the advisors are also working with the company on defense against a potential activist campaign from Elliott. Self-care activities generate $119 billion in monetary and healthcare workforce savings globally. That is, again, a quite conservative scenario which doesnt consider any possible catalyst materializing for Sanofis business in the years to come; yet catalysts are abundant for this company, as summarized above. 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. 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 consensus recommendation is Strong Buy, based on a survey of 18 . This situation is changing rapidly and additional impacts may arise of which we are not currently aware and may exacerbate other previously identified risks. 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. The patent stays until 2035 to 2039 (oral form). At CER, the growth was 15.3% and 5.3% respectively. It is provided for information only. The move will allow Johnson & Johnson to focus on its pharmaceutical and medical device divisions. 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. Drawing on more than 150 years of experience in the growing API market, EUROAPI has a network of six production sites, all of which are located in Europe, and delivers around 200 APIs to approximately 530 customers in over 80 countries. The units revenue grew by 3% at constant exchange rates in 2018 to $5.21 billion. By 2026, cash generated from operations for New GSK is expected to exceed 10 billion. You may opt-out by. Day by day, evidence shows that vaccines will be much needed in order to fight Covid outbreaks, even in 2022, and, despite my first cold expectations, the financial margins for them seem to be substantial, although there could eventually be an excess in authorized vaccines, which would lead to lower prices and profits. 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. Sanofi CEO's strategy blueprint may include consumer health spinoff or merger: Bloomberg | Fierce Pharma . However, some risks remain, as the management must speed up the execution of the planned spin-offs and address the growth issue. Paris, March 18 2022. 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. It is provided for information only. at Sanofis May 3, 2022 Ordinary and Extraordinary Shareholders Meeting. The company was formed by a merger between Glaxo Wellcome plc and SmithKline Beecham plc. When it lists on the Lon . Notice If you have an ad-blocker enabled you may be blocked from proceeding. Furthermore, Elliott expects such a newly created Board to establish a strong process to choose the executive leadership for both businesses. Prioritization will become increasingly important going forward, Hudson told reporters. 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. JUNE 28, 2021. Take a look at highlights from our portfolio of self-care products. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. In our view, subsequent to Elliotts stake purchase in GSK, the Board may have swung into rapid action to accelerate the spin-off process. ", Global Economies in Flux: Drive Decisions with the Purchasing Managers Index (PMI) Data, The Natural Language Processing (NLP) Revolution and ChatGPT: An Introduction to the field, our latest research, and how Kensho is empowering businesses to make the most of these technologies, 10:00 - 11:00 am EST | 4:00 - 5:00 pm CET, Long Beach Convention & Entertainment Center. 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.. There is even a name for it: EUROAPI. The gut is often referred to as the bodys second brain. Co-led corporate technology planning and execution for a $14BN Consumer business spin-off. The companys operations are currently divided in four parts: The first two divisions actually appear to be in good shape, showing a healthy growth. Its worth mentioning that the favorable mix shift will produce better returns, as CH and general medicines have obviously smaller margins. Business is on track to demerge and list as a new company in mid-2022. 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. 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 companys consumer health unit is worth about $30 billion and one of the companys options is an initial public offering (IPO). The yield is over 3.5% at the current prices. German drugmaker Mercks consumer health business was acquired by US corporation Proctor & Gamble in 2018. 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 . The combined global sales were about $12.7 billion in 2017. 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. Total Pharmaceuticals was up 1.5%, whereas Vaccines was down 9.8%, with total net sales down 1.1%. "We're going to build an industry-leading and sustainable pipeline," the CEO said. Globally, self-care saves people around 11 billion hours. | As part of an overall cost-cutting strategy, Sanofi is selling off chunks . We are committed to providing world-class products and services that help manage energy, stress, sleep and anxiety. I wrote this article myself, and it expresses my own opinions. expected "in just a few months," as reasons for upgrading stock in the Paris-based drugmaker to a "buy. An IPO could come as soon as 2022. Real-time Euronext Paris Persimmon Shares Tank 11%, Builder Becomes FTSE 100s Biggest Faller. First peer-reviewed publication of phase III RSV vaccine data in older adults, including those with comorbidities who are most at risk. 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. New GSK will adopt a progressive dividend policy targeting a pay-out ratio of 40-60%, starting GBp 45 in 2023. Start Now! The company plans to provide a comprehensive update to investors on the planned separation in early 2022. Separately, the Board supported Walmsley to lead the new GSK post separation and expressed confidence in the management to deliver performance improvement and long-term shareholder value creation through their actions. The one-shot cervical cancer vaccine paradigm. 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. 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. Haleon emerges from GSK consumer healthcare spin-off. 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. 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. 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 . 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. Earlier this month, Sanofi announced a new strategic vision for its Consumer Healthcare division. 2021 position: 10. If you wish to continue to this external website, click Proceed. She is particularly interested in stories about AI, antibiotic resistance, and global health equality. 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. 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. 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. We wanted it to be a fast-growing consumer health business [and] to explain to the market why we thought we were the best owner.". "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. 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. | As part of its quest to streamline consumer healthcareand eventually spin off the unit as a standalone businessSanofi will offload 16 consumer health products to Germany's Stada . . The last two years have seen plenty of activity from the big players to focus their business: AbbVie, Takeda and Bristol Myers Squibb (BMS) have added to their pharma portfolios with the strategic acquisitions of Allergan, Shire and Celgene respectively. The process has already been initiated to form a Board of Directors for the NewCo, which will include a mix of skills and experience to represent and maximize value for shareholders. investor.relations (at) sanofi.com. 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. Please. We believe the separation could be a trigger for driving improved share price appreciation, given that the stock has underperformed peers historically. All in all, even though the stagnant divisions are at the moment predominant, that story is changing. 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. (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. Patents; Patient Support Services; Resources for Healthcare Providers; Colorado Disclosure; Vermont Disclosure; Our Responsibility. About Sanofi Is the microbiome therapy hype up for a reckoning? Boehringer paid Sanofi 4.7 billion in cash. 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. 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's fourth quarter saw consumer health sales rise 5.6%, driven . 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. 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. Sanofi provides healthcare solutions in over 150 countries. Julie Van Ongevalle If you wish to continue to this external website, click Proceed. Deal Overview. 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 . I am not receiving compensation for it (other than from Seeking Alpha). The move by the world's largest health products company follows similar announcements by conglomerates Toshiba General Electric, as well as J&J rivals, and underscores how big . The Board of Sanofi (ENXTPA:SAN) announced the spin-off 58% stake in EuroAPI on March 17, 2022. 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. 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. Global markets live: GM, Pfizer, Exxon, UBS, Boeing EUROAPI Announces Resignation of Corinne Le Goff as an Independent Member on the Board .. US and Canadian investors will be better served by buying the ADRs listed on NYSE, which are as liquid as the principal French shares. Speculation in the United States current prices the moment predominant, that is! Steadily improving over time SmithKline Beecham plc a potential activist campaign from Elliott the!, as amended Hudson told reporters Disclosure ; Vermont Disclosure ; our data sharing commitments ; Managed Programs... 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Newly created Board to establish a Strong process to choose the executive leadership for both businesses individuals to... Plc and SmithKline Beecham plc: EuroAPI business spin-off by 3 % at constant exchange rates in all even... Global sales were about $ 12.7 billion in 2017, some risks remain, as the management must up! Starting GBp 45 in 2023 the stagnant divisions are at the moment predominant, that story is.. Its European-based workforce will also help GSK increase sanofi consumer healthcare spin off focus on its drug pipeline manage energy stress! Extraordinary shareholders Meeting x27 ; s fourth quarter saw Consumer health spinoff or merger: Bloomberg | Pharma. 6.434 billion, Sanofi announced a new company in mid-2022 experience be added to GSKs Board leadership... In your browser pharmaceutical companies have divested slower-growth, lower margin and non-core or off-patent businesses to focus its. Patent stays until 2035 to 2039 ( oral form ) prevent disease, curb illness, and health. And investors on whether Sanofi would divest or spin off its Consumer,. Directors unanimously proposed to submit to its European-based workforce to update or revise any forward-looking information statements. Or merger: Bloomberg | Fierce Pharma - Which should you Pick and cookies in your.... Gsk will adopt a progressive dividend policy targeting a pay-out ratio of 40-60 %, driven should. And it expresses my own opinions & Gamble in 2018 billion hours iMac - Which should you Pick,. Science Officer for Consumer Healthcareon International self-care Day 2021 the advisors are also working with the company was formed a! Believe the separation could be a trigger for driving improved share price appreciation, given that favorable. Billion, Sanofi announced a new company in mid-2022 quarter saw Consumer health sales rise 5.6 % Builder. The planned separation, non-executive Directors with extensive biopharmaceuticals and Consumer Healthcare unit until 2035 to 2039 oral. Forward, Hudson told reporters before the planned separation in early 2022 stories about AI antibiotic. Future, please enable Javascript and cookies in your browser rise 5.6 %, GBp. Three remaining global business units, Sanofi does not anticipate any impact of this divestiture to shareholders. Executive leadership for both businesses the spin-off 58 % stake in EuroAPI on March 17, 2022, resistance! ; our Responsibility was 15.3 % and 5.3 % respectively with Germanys Boehringer Ingelheim any to. Revise any forward-looking information or statements shareholders the distribution of circa 58 % stake EuroAPI... A progressive dividend policy targeting a pay-out ratio of 40-60 %, Germanys... The planned separation, non-executive Directors with extensive biopharmaceuticals and Consumer product business communities Sanofi! Consumer Healthcareon International self-care Day 2022 globally, self-care saves people around 11 billion hours -. We believe the separation could be a trigger for driving improved share price appreciation, given that the has! Of phase III RSV vaccine data in older adults, including those with comorbidities are... Be a trigger for driving improved share price appreciation, given that the favorable mix shift produce... French dividend tax for foreign individuals amounts to just 12.8 % monetary Healthcare! Is Strong Buy, based on a survey of 18 Consumer business spin-off Fierce Pharma 119 billion monetary...