The Board of Sanofi (ENXTPA:SAN) announced the spin-off 58% stake in EuroAPI on March 17, 2022. 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. I am not receiving compensation for it (other than from Seeking Alpha). The unit's revenue grew by 3% at constant exchange rates in . 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. The company should pivot its focus on its strengths by restructuring or spinning-off the rest, in order to meet its strategic targets. 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. Worldwide, STADA Arzneimittel AG sells its products in approximately 120 countries. The split, J&J said, would create two global leaders that are better positioned to deliver improved health outcomes for patients and consumers. The overall transaction is subject to approval at the Sanofi 2022 Shareholders Meeting, and the AMF approval on EUROAPI's French prospectus. It is provided for information only. 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. 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 assumes no responsibility for the information presented on this website. * This saved time would otherwise be spent on unnecessary waiting, travel and consultations in primary care or emergency department settings. 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.. The company has also claimed that some of its major shareholders support the spin-off deal. Please disable your ad-blocker and refresh. 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. We understand allergy sufferers needs and have a number of innovative, effective products in our range to respond effectively to each persons specific allergy needs. (Photo by Ben STANSALL / AFP) (Photo by BEN STANSALL/AFP via Getty Images). Notice 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. I wrote this article myself, and it expresses my own opinions. 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. 1 Companys estimate based on third-party market research conducted using the annual reports published by the main industrial players in the APIs sector, public databases (including Capital IQ and Orbis) as well as interviews with market experts. 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. 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. Business is on track to demerge and list as a new company in mid-2022. 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. Incorporated in 1999, GlaxoSmithKline plc (GSK), a British company based in United Kingdom. Further details regarding the specifics of the distribution, including the parity, and the timetable of the spin-off will be set forth in EUROAPIs French prospectus. Get Your 7-Day Free Trial! Because your health starts with you, we are committed to providing self-care solutions to allow you to better manage your personal well-being. +33 (0)1 53 77 40 00, 46 avenue de la Grande Arme Take a look at highlights from our portfolio of self-care products. 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. The leading site for news and procurement in the pharmaceutical industry. 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. FRANKFURT/PARIS (Reuters) - Sanofi <SASY.PA> is considering a joint venture or outright sale among options for its consumer healthcare unit, sources told Reuters, as the French drugmaker prepares to present a new strategic plan next month. 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. By Anthony King 2022-07-18T12:22:00+01:00. . 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. Sanofi (XPAR:SAN) Dividend Payout Ratio as of today (March 01, 2023) is 0.00. Dividend Payout Ratio explanation, calculation, historical data and more We are committed to providing world-class products and services that help manage energy, stress, sleep and anxiety. The companys Board intends to create two new independent Boards following the separation. For medical information: medinfo.india@sanofi.com , customercare. 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. 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 . Is this happening to you frequently? El 1 de enero de 2022 debut Opella, una nueva entidad legal a nivel global que engloba su negocio de Consumer Healthcare. Consumer Health (OTC) Products; U.S. Any material effect of COVID-19 or recent armed conflicts on any of the foregoing could also adversely impact us. You may opt-out by. 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 . J&J is not the first drugs giant to cleave its consumer arm in favour of its more lucrative pharmaceutical business. Sanofi is a long-term player. 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. 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. 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. There are certain watershed moments in every person's life that propel them to find a community. 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. 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 . "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.". About STADA Arzneimittel AG This, in turn, will contribute significantly to more sustainable healthcare systems. Disentangling the consumer unit from the complexity of France's largest pharmaceutical company helped the consumer group record a 4.6% year-on-year rise in 2021 sales, CEO Paul Hudson said. 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. The largest part of Sanofis business is not growing. Patents; Patient Support Services; Resources for Healthcare Providers; Colorado Disclosure; Vermont Disclosure; Our Responsibility. The combined global sales were about $12.7 billion in 2017. 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. As its shown below, in fact, sales mix is steadily improving over time. Powered by Madgex Job Board Software, combined its consumer healthcare division. The company plans to provide a comprehensive update to investors on the planned separation in early 2022. I am not receiving compensation for it (other than from Seeking Alpha). 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. Co-led corporate technology planning and execution for a $14BN Consumer business spin-off. 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 . Forward-looking statements are generally identified by the words expects, anticipates, believes, intends, estimates, plans and similar expressions. | Erfahren Sie mehr . "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. Scotland offers an ideal environment to trial these new technologies and techniques, with a concentrated network of world-class universities, specialist institutes, and health experts. If you wish to continue to this external website, click Proceed. It already has a first pocket of 150M to support French technology companies developing future technologies of a sovereign nature, which may fall prey to large foreign players or be overtaken by competitors who are able to finance themselves better. In addition to its highly diversified customer base of approximately 530 customers, EUROAPI benefits from a strong and long-term customer relationship with Sanofi, which represented nearly half of EUROAPIs revenues in 2021. GlaxoSmithKline (GSK) and Johnson & Johnson are setting their consumer health businesses . The Consumer Healthcare business comprises major brands targeting oral health, pain relief, cold, flu and allergy, digestive health and vitamins, minerals and supplements. GlaxoSmithKline and Pfizer plan to spin off their joint consumer health business next year, and German drugmaker Merck KGaA sold its consumer health division to Procter & Gamble Co in 2018. Another interesting opportunity is the planned spin-off of Sanofis Active Pharmaceutical Ingredients business. 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. "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. Sandrine Guendoul|+ 33 6 25 09 14 25 |sandrine.guendoul@sanofi.com Published: Nov 21, 2019 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. The yield is over 3.5% at the current prices. Its worth mentioning that the favorable mix shift will produce better returns, as CH and general medicines have obviously smaller margins. If you wish to continue to this external website, click Proceed. Sanofis (OTCPK:SNYNF)(NASDAQ:SNY) last financial results offered a mixed picture. Expertise: drug development , healthcare consumer product development , business innovation , business transformation , biotech and pharma operations , start-up set up & operations , transnational medicine , medical affairs , KOLs , IND , NDA , IVD , 510k , digital health , strategic planning , licensing , technology transfer , business development , regulatory staging. J&J has said the planned separation of its consumer and drug and devices divisions is separate and distinct from the talcum powder lawsuits. In 1Q 2021, the company announced that 59 vaccines and medicines were in the pipeline, focusing mainly on infectious diseases, oncology and immune-mediated diseases. There has been intense speculation on the part of analysts and investors on whether Sanofi would divest or spin off its consumer healthcare unit. | 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 . 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. First peer-reviewed publication of phase III RSV vaccine data in older adults, including those with comorbidities who are most at risk. The Board of Sanofi (ENXTPA:SAN) announced the spin-off 58% stake in EuroAPI on March 17, 2022. 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 . On the other hand, the remaining part is progressing nicely. In 2017, Sanofi completed a swap announced in June 2016, with Germanys Boehringer Ingelheim. 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 . Compared to its peers, the French company appears to be inexpensive. 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 part of deal, GSK held majority controlling equity interest of 68% in the JV and the rest 32% equity interest was owned by Pfizer. Cash flow should follow this trend too, allowing further dividend increases. In November 2021, Johnson & Johnson announced it would also split off its consumer . 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 . Any distribution of the Shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. Chief Science Officer for Consumer Healthcareon International Self-Care Day 2022. 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. By Mark Terry. at Sanofis May 3, 2022 Ordinary and Extraordinary Shareholders Meeting. 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 . investor.relations (at) sanofi.com. Sanofi Forward-Looking Statements If you wish to continue to this external website, click Proceed. The . In the last five years, through the Biotechnology and Biological Sciences Research Council and Medical Research Council, 13% (450m) of all UK funding has gone to universities in Scotland. Transaction is expected to close on May 6, 2022. The companys management has justified the decision for a spin-off over other alternatives such as a sale (as suggested in Elliotts letter). 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. This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Johnson & Johnson, Bayer and Sanofi, according to Reuters, are close competitors in the consumer healthcare market. 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). We are an innovative global healthcare company, driven by one purpose: we chase the miracles of science to improve peoples lives. For Isabelle and Garrett's families, connecting to others living with a rare disease offered answers . A sale or spinoff of the company's $5 billion consumer health unit, Bloomberg reports. ", latest-news-headlines The gut is often referred to as the bodys second brain. J & J stocks, which are a portion of the Dow Jones Manufacturing Average (.DJI), rose 1.5%. /marketintelligence/en/news-insights/latest-news-headlines/sanofi-bucks-industry-trend-by-pledging-to-keep-stand-alone-consumer-unit-68747982 Total Pharmaceuticals was up 1.5%, whereas Vaccines was down 9.8%, with total net sales down 1.1%. 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 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%). 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. Sanofi's fourth quarter saw consumer health sales rise 5.6%, driven by the cough and cold, pain care, and digestive wellness categories. The company operates across 96 countries and employs more than 94,000 people globally with 36,000 suppliers. The company also stated that a formal process to appoint the Chair and form the Board of the consumer healthcare unit is in progress. Sanofi's Board of Directors unanimously proposed to submit to its shareholders the distribution of circa 58% of the share capital of EUROAPI. Sanofi's CDMO spinoff set for next month as new group targets 2022 revenues of 1B. Self-care relieves a burden on healthcare providers, saving 1.8 billion hours of physicians time globally. 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. 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. Sanofi assumes no responsibility for the information presented on this website. 75017 Paris FRANCE Haleon emerges from GSK consumer healthcare spin-off. 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 . This situation is changing rapidly and additional impacts may arise of which we are not currently aware and may exacerbate other previously identified risks. Analysts agree that JAZZ is one of the best healthcare stocks out there. 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