A Bulletproof Idea

Main Menu

  • Home
  • Divestiture
  • Marginal propensity
  • Hot money
  • Shark repellent
  • Fund

A Bulletproof Idea

Header Banner

A Bulletproof Idea

  • Home
  • Divestiture
  • Marginal propensity
  • Hot money
  • Shark repellent
  • Fund
Divestiture
Home›Divestiture›Sanofi transfers 16 consumer health brands to Stada as part of CEO Hudson’s refocus effort

Sanofi transfers 16 consumer health brands to Stada as part of CEO Hudson’s refocus effort

By Faye Younger
June 28, 2021
52
0



As part of a reorganization plan to cut costs and prioritize the immunology blockbuster Dupixent, Sanofi is parting ways with a handful of mainstream brands sold primarily in Europe.

As part of its quest to streamline consumer healthcare and ultimately transform the unit into a stand-alone enterprise, Sanofi will outsource 16 consumer healthcare products to Germany’s Stada Arzneimittel, the companies mentionned Monday.

As part of the deal, which is expected to be finalized in the third quarter, Stada will get its hands on product registrations, trademarks and trade rights in 13 countries, including France, Germany, Italy, Poland. and Spain, where sales are the highest. The companies did not disclose financial details.

The portfolio covers the brands of cold and flu medicine, skin care and dietary supplements, Stada mentionned in a press release.

RELATED: GlaxoSmithKline Targets $ 46 Billion in Sales in 2031. But Will Walmsley ‘Change Agent’ Be There to Lead New Business?

Sanofi does not expect the sale to weigh on its European workforce. The deal does not cover the change in personnel or manufacturing equipment, Stada said in its statement.

Stada, a specialist in generics and over-the-counter products, believes the deal will strengthen its position as “the top five players in the European consumer health market,” CEO Peter Goldschmidt said in a statement. By investing in Sanofi’s portfolio, which includes “digital channels” and “product innovation”, Stada aims to give brands “a new lease on life in their respective niches,” added Volker Sydow, head of consumer health. of the society.

RELATED: Takeda Dumps $ 670 Million In EU Drugs As Rumors Of Consumer Health Products Resurface

While Stada is developing in the field of consumer health, Sanofi is shrinking with a view to ultimately developing the activity as an independent company. Sanofi unveiled the strategy as part of CEO Paul Hudson’s renewed vision for the company in December 2019. Sanofi also aims to generate € 2.5 billion in annual spend by 2022, and the Hudson strategy includes additional focus on growth engines such as Dupixent and vaccines.

As it stands, Sanofi is still on track to “complete this transformation by the end of 2022,” the company spokesperson said.



Related posts:

  1. Tech firm carve-out offers ‘are simply the tip of the iceberg’: Carlyle Japan Chief
  2. 6 causes IBM is ‘positioned to guide’ hybrid cloud, AI
  3. Rogers plans to purchase Shaw raises pink flags over competitors, particularly in wi-fi
  4. Cardinal Well being (CAH) enters into an settlement to promote the Cordis enterprise
Tagspress release

Categories

  • Divestiture
  • Fund
  • Hot money
  • Marginal propensity
  • Shark repellent
  • TERMS AND CONDITIONS
  • PRIVACY AND POLICY