Novartis Set to Introduce Pantoloc in 14 Countries
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OTC10-02-10p1FIN.qxd 8/2/10 07:43 Page 1 10 February 2010 COMPANY NEWS 2 Novartis set to introduce Switzerland’s Mepha aims 2 at herbals and supplements Alliance Boots to establish 3 Swedish pharmacy venture Pantoloc in 14 countries Ta isho suffers as OTC market cools 4 J&J hit by comparison and currency 6 ovartis Consumer Health is set to in- the product is available without a prescription Ntroduce Nycomed’s proton-pump in- in Australia. NBTY’s pre-tax profits soar 7 hibitor Pantoloc Control as a non-prescrip- Novartis said that it would introduce Panto- Demand for OTC specialties 8 tion medicine in 14 European countries. loc Control in the 14 countries “later in 2010” lifts annual sales at Boiron The 20mg pantoprazole tablets gained non- through a co-marketing agreement with Nyco- Prilosec OTC hit by Prevacid 9 prescription status across Europe in June of last med. “The launch will be backed by substan- MiraLAX rival drives Perrigo 10 year through the European Union’s centralis- tial investment to build consumer awareness Omega offsets tough 11 ed authorisation procedure (OTC bulletin,19 and demand,”the company commented, “as start to grow sales June 2009, page 1). well as pharmacy training to help pharmacy Cadbury’s shareholders agree 12 Nycomed has since introduced the medi- teams identify customers who will benefit most to Kraft takeover cine for frequent heartburn in Austria, Estonia, from Pantoloc Control and advise those cus- William Ransom agrees to 13 Finland, France, Germany, Hungary,Latvia, tomers appropriately.” divest Manuka Gold Lithuania, the Netherlands,Norway,Poland, Brian McNamara, head of Europe for Nov- GENERAL NEWS 14 Sweden and Switzerland. Outside of Europe, ■ Continued on page 26 UK intends to regulate more 14 nicotine products Europe looks into safety of 15 Combination pulled GSK’s Alli achieves topical bufexamac products out of central route £100 mn in Europe MARKETING NEWS 18 Reckitt Benckiser creates 18 n application to license a non-prescrip- laxoSmithKline’s Alli was the third best- ‘magical’ Nurofen world Ation combination medicine has been with- Gselling OTC brand in Europe during 2009, FDA warns over counterfeit Alli 20 drawn from the European Union’s centralised according to chief executive officer Andrew authorisation procedure. Witty,as the weight-loss medicine achieved Novartis promotes speed 21 of German Voltaren Spray The soft capsules containing 200mg ibupro- sales in excess of £100 million (C115 million) FDA sends warning letter to McNeil 22 fen and 25mg diphenhydramine hydrochloride in the region. would have been indicated for short-term treat- In the nine months after its launch in 24 FEATURES 24 ment of mild to moderate pain in adults who ex- countries across the European Union in April perience sleeplessness as a result of the pain. 2009 (OTC bulletin,30 April 2009, page 1), Centralised procedure is a 24 The application was submitted by Wyeth Alli generated sales of £105 million in the re- tough nut to crack Consumer Healthcare – now part of Pfizer – on gion. By the end of the year,it was available REGULARS ■ Continued on page 13 ■ Continued on page 13 Consumer viewpoint 16 Nominations for OTC Marketing Awards – Anaemia is this month’s topic A supplement inside this issue lists all the nominations for OTC bulletin’s OTC Marketing Awards 2010. Events – Our regular listing 23 OTC10-02-10p2-3FIN.qxd 5/2/10 12:32 Page 2 OTC COMPANY NEWS Mergers & Acquisitions Business Strategy/Annual Results SIA gains stake Switzerland’s Mepha aims in Russia’s 36.6 at herbals and supplements harmaceutical wholesaler SIA Internation- Pal has acquired a 25% stake in fellow Rus- ushing into its domestic market for herbal firm Biotan as an entry point into the broader sian company Pharmacy Chain 36.6 for an un- P remedies and food supplements is among consumer healthcare market. disclosed amount. the top priorities for Switzerland’s leading ge- Biotan – which is based in Baar near Zürich A spokesperson for Pharmacy Chain 36.6 nerics player,Mepha, as it prepares for life und- – was founded in 1992 by the biochemist Guido declined to comment on media reports that the er new ownership. Jutz. It markets a range of supplements based deal had been struck to settle its debts with SIA. US-based company Cephalon has agreed to on vitamins, minerals and natural extracts, in- SIA’s investment comes less than a month pay SFr623 million (C 423 million) for Mepha. cluding omega-3 fish oils and algae. after Pharmacy Chain 36.6 raised RUB2.3 bil- The Swiss firm’s owner – Mepha Holding, a A spokesperson for Mepha told OTC bul- lion (C54 million) through a new share placing company controlled by the Merckle family that letin that the company would look to build on to help pay the company’s debts and increase is currently selling Ratiopharm – had put the its strong position with Swiss pharmacists to working capital (OTC bulletin,20 January business up for sale last year (OTC bulletin, push into the herbal and supplements sectors. 2010, page 8). 30 September 2009, page 9). The firm did not plan to push into mass-mar- Artem Bektemirov, Pharmacy Chain 36.6’s “The acquisition,”stated Cephalon,“diver- ket channels, he added. chief executive officer,said at the time that the sifies the company’s business mix, doubles the Last year,Mepha increased its domestic successful placement of the additional 85.5 mil- size of its international business and provides an sales by 5.4% to SFr176 million. lion shares meant the company had “success- attractive platform [from which] to launch cur- International sales rose by 2.7% to SFr191 fully overcome” one of the “most complicated” rent and future products in new, developed and million on strong growth in the Middle East, periods in its history. emerging markets.”The firm now has interests while revenues from contract-manufacturing Cash-flow problems and a failure to refi- in brands, branded and unbranded generics. activities shot up by 57.0% to SFr41 million. nance the firm’s debt – which stood at RUB5.1 The purchase price is just over one-and-a- The prospect of mandatory price cuts for billion as of 30 September 2009 – have plagued half-times Mepha’s 2009 turnover, which ad- generics in Switzerland means Mepha is fore- Pharmacy Chain 36.6 over the past year as the vanced by 7.7% to SFr408 million. casting a 4.5% decline in domestic sales this rapidly-expanding retail business has suffered Mepha – which markets several non-pre- year to SFr168 million. However, group turn- from the economic slowdown. The company’s scription medicines, including the recently- over is expected to rise by 2.0% to SFr416 mil- Retail division accounted for RUB4.4 billion launched wart treatment Verrukill – recently ac- lion in 2010 by virtue of a 12.6% increase in of the debt, with the remainder held by its Vero- quired Swiss supplements and natural health international sales to SFr215 million. pharm manufacturing business. OTC Commenting on the 25% stake in Pharmacy Chain 36.6, Igor Rudinsky, general director of Joint Ventures SIA, said the partnership would strengthen the company’s position in the Russian pharmaceu- Sanofi-Aventis to form China business tical market and help it develop relationships with manufacturers and distributors. The tie-up anofi-Aventis and Minsheng Pharmaceu- new consumer healthcare products. would also make Pharmacy Chain 36.6 more S tical have now agreed to form a joint ven- Commenting on the deal, Hanspeter Spek, competitive with consumers, Rudinsky said, as ture to produce vitamins and mineral supple- president of global operations at Sanofi-Aven- synergies would allow the retailer to cut costs ments for the Chinese OTC market. tis, said that entering the “world’s second larg- as well as reduce and stabilise prices. Subject to certain conditions, the French est consumer healthcare market” was a strate- Bektemirov said synergies created by the company said it would take a majority stake in gic move for the company that would “consol- partnership with SIA would move Pharmacy the new joint venture. This would give it access idate its position in consumer healthcare”. Chain 36.6 closer to its target of returning to to one of the largest categories in the Chinese The French firm recently announced that it profitable growth. OTC market, it noted. was entering the world’s largest OTC market, Pharmacy Chain 36.6 reported sales down The move follows an announcement in Oct- the US, by acquiring Chattem for US$1.9 bil- by 26.3% to RUB4.6 billion for the third quar- ober last year,when Sanofi-Aventis said it had lion.The deal was recently cleared by the Fed- ter of 2009. Retail turnover, which accounted signed a letter of intent with Minsheng to set eral Trade Commission (FTC) in the US and for 77% of total group sales, fell by 29.8% to up a joint venture company to gain access to is expected to close in the first quarter of 2010. RUB3.5 billion. Veropharm’s sales dropped by China’s US$10 billion (C 7.2 billion) vitamin, Chattem provided Sanofi-Aventis with the 13.6% to RUB868 million. minerals and supplements market (OTC bul- “ideal platform in the US consumer healthcare As of 30 September 2009, Pharmacy Chain letin,30 October 2009, page 10). market”, the firm said, and gave it a vehicle for 36.6 was operating 1,026 pharmacies across Minsheng – which has a strong presence in switching some of its medicines, such as the Russia. This was down from the 1,168 stores the vitamins, minerals and supplements cate- allergy medicine Allegra (fexofenadine hydro- the company was operating a year earlier,as goryin China through its 21 Super-Vita brand chloride), from prescription to OTC status in the it closed underperforming outlets.