If you found this article valuable, you may wish to receive our newsletters. Please consider resizing your browser window. New York's Covaxx has signed on with three South American nations to provide 140 million doses of its early-stage COVID-19 vaccine. However, the presence of fake medicines and other consumer health products is likely to inhibit the growth of the OTC consumer health products market in the near future. In 2010 Nestlé sold the remaining 52% of its Alcon shares to Novartis. Sorry, you need to enable JavaScript to visit this website. See which 3 stocks are most likely to make moves following their insider activities. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. In a report released today, Bruno Monteyne from Bernstein maintained a Buy rating on Nestlé SA (NSRGF – Research Report), with a price target of CHF120.00. By continuing to browse our site you agree to our Privacy & Cookie Policy. View all of the Nestlé Baking Ingredient products. Although British consumer goods giant Reckitt Benckiser was also previously looking into acquiring Merck’s health unit, it is now reportedly concentrating on buying the Pfizer unit which makes Centrum multivitamins and Advil painkillers, among a range of other consumer brands. Nestlé SA has an analyst consensus of Moderate Buy, with a price target consensus of $126.76, a 7.4% upside from current levels. exclude terms. Consumer health is a fragmented sector and has proved fertile ground for deals in recent years. The report titled“OTC Consumer Health Products Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the OTC consumer health products market in terms of market segmentation by type, by distribution channel and by region. Just last month, it inked a $2.3 billion pact to pick up nutritional health products company Atrium Innovations. Read more on M&A OTC asset sales Nestle Merck KGaA Among these segments, the nutrition and vitamins & dietary supplements have dominated the market in 2016 andare expected to continue its dominance over the forecast period. Nestle emerged as a frontrunner in the Merck KGaA consumer unit sale after Perrigo and others dropped out. Currently, Nestlé SA has an average volume of 9,085. Monteyne covers the Consumer Goods sector, focusing on stocks such as Nestle SA Reg, Unilever NV, and Unilever. The platform is hosted by CNS Media BV, Arnhem, The Netherlands. However, although Pfizer’s Centrum vitamins arguably fit with Nestlé’s new strategic direction, other aspects – such as Pfizer’s Advil painkillers – are far removed from the Swiss consumer food giant's core businesses like coffee, chocolate and baby food. View detailed financial information, real-time news, videos, quotes and analysis on Nestle S.A. (OTC Markets:NSRGF). Nestlé India - Directors and officers, key figures, stock and financials, Code of Business Conduct. The news came a week after Johnson & Johnson withdrew from the race to buy US drugmaker Pfizer’s consumer health business, leaving Nestlé, GlaxoSmithKline and Reckitt Benckiser among the potential bidders. In 2016, it selected pharma veteran Mark Schneider as its next CEO, and it later poached Allergan executive Paul Navarre to head up its skin health business. NutritionInsight.com is the leading international publisher on food ingredients, nutritional advances and product development. That’s not to say there aren’t other suitors still in the mix. Upload. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors. But the Swiss food group could not reach an agreement on price as Merck was targeting a valuation as high as 20 times the unit’s core earnings, according to Reuters sources. These factors areexpected to benefit the expansion ofOTC consumer health products market. Cash on Delivery available. © 2020 Questex LLC. AJ DanielEmail: [email protected]. Find Nestle India Ltd Over the Counter products online at best price in India on Netmeds. Use a + to require a term in results and - to Medische voeding voor patiënten met ernstige gastro-intestinale stoornissen, © Nestlé Health Science 2020 - All rights reserved. 05 Feb 2018 --- Nestle has pulled out of the bid for Merck’s consumer health unit, leaving the race to buy the maker of Seven Seas vitamins and various other nutritional supplements without its main contender, Reuters reports. “We expect increasing internal constraints to fund the business to reach the required scale,” Belén Garijo, the company’s healthcare CEO, said in a statement at the time, adding that “any possible proceeds from a potential transaction would be used to deliver on the company’s overall financial targets.”. Learn about Nestlé’s brands and what we’re doing to make our products tastier and healthier. Company, Unilever Company and Henkel Company, Curious about this latest version of report? As part of this strategy, Nestlé agreed to acquire Canadian nutritional health products manufacturer Atrium Innovations in December, again supporting Nestlé’s pursuit of growth opportunities in consumer healthcare to complement the company's focus on its high-growth food and beverage categories. The company’s shares closed last Tuesday at $118.01, close to its 52-week high of $124.25. Nestle, meanwhile, has been pushing further into the healthcare space over the last few years. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. The food giant, on a mission to diversify into healthcare, has emerged as a frontrunner after submitting the highest bid yet to the German drugmaker, Bloomberg reported.
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