{"id":117288,"date":"2021-06-28T06:28:38","date_gmt":"2021-06-28T06:28:38","guid":{"rendered":"https:\/\/fin2me.com\/?p=117288"},"modified":"2021-06-28T06:28:38","modified_gmt":"2021-06-28T06:28:38","slug":"sanofi-sells-portfolio-of-regional-consumer-brands-to-stada","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/sanofi-sells-portfolio-of-regional-consumer-brands-to-stada\/","title":{"rendered":"Sanofi sells portfolio of regional consumer brands to Stada"},"content":{"rendered":"<figcaption>The logo of Sanofi is seen at the company&#8217;s headquarters in Paris, France, April 24, 2020.  REUTERS\/Charles Platiau\/Files<\/figcaption><p>FRANKFURT (Reuters) &#8211; French drugmaker Sanofi on Monday said it agreed to sell 16 mainly European consumer healthcare brands to private-equity owned Stada to streamline its product portfolio.<\/p>\n<p>Stada said in a statement the purchase of the brands, including Mitosyl ointment, Silomat cough remedies, Frubiase nutritional supplements, will strengthen the German company\u2019s regional sales network in Europe, following a similar deal with GlaxoSmithKline last year.<\/p>\n<p>The companies would not disclose financial terms but a person familiar with the deal said the price tag was in a range of 120-140 million euros ($144-$168 million).<\/p>\n<p>Pharmaceuticals group Sanofi has said it would prioritise fast-growing consumer healthcare (CHC) brands, as the consumer division prepares to become a standalone business.<\/p>\n<p>\u201cSimplifying the CHC product portfolio is an important part of our strategy to focus our resources and efforts where we can bring the most value,\u201d said Julie Van Ongevalle, head of Sanofi\u2019s consumer healthcare unit, said in a statement on Monday.<\/p>\n<p>($1 = 0.8358 euros)<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-sanofibrands-m-a-stada\/sanofi-sells-portfolio-of-regional-consumer-brands-to-stada-idUSKCN2E40CP\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The logo of Sanofi is seen at the company&#8217;s headquarters in Paris, France, April 24, 2020. REUTERS\/Charles Platiau\/FilesFRANKFURT (Reuters) &#8211; French drugmaker Sanofi on Monday [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":117287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sanofi sells portfolio of regional consumer brands to Stada - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/sanofi-sells-portfolio-of-regional-consumer-brands-to-stada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sanofi sells portfolio of regional consumer brands to Stada - Fin2me\" \/>\n<meta property=\"og:description\" content=\"The logo of Sanofi is seen at the company&#8217;s headquarters in Paris, France, April 24, 2020. 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