Sanofi Divests 16 Consumer Health Brands To Stada

  • Amid a reorganization scheme aimed at slashing costs and prioritizing blockbuster immunology Dupixent, Sanofi SA SNY will offload 16 consumer health products to Germany's Stada Arzneimittel
  • Under the deal, which is expected to close in the third quarter, Stada will get its hands on the registrations, trademarks, and commercial rights for the products across 13 countries. 
  • The companies didn't disclose financial details. 
  • The portfolio covers cold and flu meds, skincare, and food supplement brands, Stada said in a release.
  • Sanofi doesn't expect the divestiture to take a toll on its European workforce.
  • Price Action: SNY shares are up 0.6% at $53.21 during the market session on the last check Monday.
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