The stand-alone division will be the latest addition to a growing list of such public companies recently spun out of larger drugmakers.
Sanofi said Friday that it plans to separate its consumer health division into a stand-alone company next year, turning the 50-year-old French drugmaker into a pure-play biopharma for the first time in its history.
Sanofi’s consumer health division sells over-the-counter medicines like the allergy pill Allegra and the pain-relief cream Aspercreme. It has significantly smaller revenue than either Haleon or Kenvue, with €1.2 billion in sales in the third quarter. Kenvue’s sales for the same period were $3.9 billion.
Sanofi won’t complete the separation until the fourth quarter of next year at the earliest. It hasn’t settled the details. but says that the “most likely path” would be the creation of a listed company based in France. Sanofi is among the last of its American and European big pharma peers to abandon the diversified model that drugmakers adopted in the 1960s and 1970s. As Barron’s reported in June 2022, big pharma firms have been dumping their side businesses since the early 2000s, a process that has culminated in the past few years as virtually all of the major drugmakers have emerged as pure play biopharmas.
Demand for Beyfortus has been so strong that on Monday, the Centers for Disease Control and Prevention issued a warning about a shortage, calling for rationing of doses. The Sanofi ADR is up 27% over the past 12 months, while the DRG is up 9.9%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GOP senators introduce stand-alone bill to aid Israel without more funding to UkraineGOP Sens. Marshall, Cruz, Vance, and Lee proposed the Israel Supplemental Appropriations Act, offering $14.3 billion to Israel as an alternative to President Biden's emergency bill.
Leer más »
The best sex toys for using alone or with a partnerRhalou is a senior digital editor specialising in health and wellness with over fifteen years’ online and print publishing experience. Rhalou has worked for various health platforms including Women’s Health, Men’s Health, Runner’s World, Netdoctor, Women’s Running, Men’s Running, The Running Bug and Women’s Fitness.
Leer más »
Alone in car, Michigan toddler dies from gunshot wound that police believe came from unsecured gunA 2-year-old Michigan boy has died from a gunshot wound after police believe he was left alone in a car with an unsecured firearm. The shooting took place Tuesday evening outside a Lansing gas station. The Lansing Police Department said Thursday that the toddler was transported to a hospital where he later died from his injuries.
Leer más »
1.6 million acres of Great Plains grasslands were destroyed in 2021 alone, World Wildlife Fund saysSince 2012, the region has seen 32 million acres of its landscapes destroyed, according to the environmental group.
Leer más »
Tara Reid Responds to Speculation She's Suffering From an Eating Disorder: 'Leave Me Alone'The 'American Pie' actress is responding to fans' fears about her weight.
Leer más »
Snoop Dogg Says Pharrell Got So High He Had to Produce Stevie Wonder AloneSnoop Dogg recalled a time where Pharrell Williams got so high that he left Stevie Wonder in the studio
Leer más »