Sanofi Catching Up To Market Growth Rates As Q3 Sales Rise Double Digits
Sanofi Consumer Healthcare's second successive quarter of growth means the business is now growing almost as fast as the global OTC market. Business head Julie Van Ongevalle has won praise from the French group's CEO Paul Hudson for driving a "quite extraordinary" transformation.
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Recent market interest shown in other OTC assets will not distract Sanofi from its long-term plan to overhaul its Consumer Healthcare business, says CEO Paul Hudson. And this plan is delivering results, with Sanofi back on par with the consumer health market, posting sales up by 5% in 2021.
The latest consumer health industry appointments: Bayer has hired Ricardo Salazar Hernández from Sanofi as its chief medical officer; Sanofi has promoted Alberto Hernandez Lopez to the role of chief growth officer.
Major Europe-based consumer health players GSK, Sanofi, Bayer and Reckitt feature in this earnings preview, which highlights what to look out for as these four firms report their Q4 and annual results over the coming weeks.