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LONDON (Reuters) - The United States and China will be key focuses for the consumer healthcare venture being formed by GlaxoSmithKline and Pfizer, as the companies look to build on strong existing positions in those markets. GSK and Pfizer are on track to create the world’s biggest consumer health business - with brands from Advil painkillers to Chapstick lip balm - by the second half of 2019, Brian McNamara, CEO of GSK Consumer Healthcare, told Reuters on Thursday. The venture, to be 68 percent owned by GSK, will become a stand-alone company within three years of closing the deal, and McNamara will lead it.
“The U.S, and China are really two of the key value drivers of the deal because it’s where Pfizer has critical mass and a significant amount of their key gold enamel superman shield cufflinks brands,” he said in an interview, noting the new entity will be the No.1 player in the United States and No.2 in China, “U.S, and China are must-win markets.”, The consumer health sector, which spans vitamins, non-prescription medicines and other drug store purchases, is buoyed by ageing populations, a growing interest in health, wellness and self-care, and growing middle classes, It has slowed at times in recent years, due to emerging market fluctuations or weak flu seasons..
The new, yet-to-be-named company will have annual sales of 9.8 billion pounds ($12.9 billion) and more than 7 percent of the global consumer health market, with brands also including Centrum vitamins and Sensodyne toothpaste. That puts it ahead of rivals Johnson & Johnson, Bayer and Sanofi. Pfizer’s Centrum is already the leading multivitamin in China, while Caltrate is the No.2 calcium supplement in what is one of the world’s most calcium-deficient populations, McNamara said. He said vitamins, minerals and supplements (VMS) would be a major focus, alongside oral care and over-the-counter pain medicine, and respiratory treatments like cold and flu tablets.
“It gives us the presence globally but it really strengthens our China position,” he said about VMS, GSK has said it is aiming to make divestments worth about 1 billion pounds ($1.3 billion) in 2019/2020, but McNamara declined to comment on them, GSK in December announced plans to separate into two gold enamel superman shield cufflinks companies - one for prescription drugs and vaccines, the other for over-the-counter products - after agreeing the deal with the consumer health business that Pfizer tried, and failed, to sell previously..
BERLIN (Reuters) - Bayer’s supervisory board fully supports the company’s management regarding its strategy, including the acquisition of Monsanto, Chairman Werner Wenning told business daily Handelsblatt on Thursday. The company’s executive board had assessed all risks related to Monsanto and its glyphosate weedkiller in “a most professional” way and fulfilled all relevant legal requirements, Wenning was cited as saying. “I am convinced that we are doing the right thing,” the paper quoted him as saying.
LONDON (Reuters) - The United Nations’ shipping agency is working on tougher measures to clamp down on rogue shipping companies trying to use flag registries fraudulently to conceal their activities, officials said, All commercial ships have to be registered - gold enamel superman shield cufflinks flagged in a particular country - partly to comply with safety and environmental laws, With international and U.S, sanctions imposed on countries including North Korea, Iran and Syria, some ships involved in such trade have used tactics to sidestep the measures including turning off their location transponders and falsely reporting their flag registry, also to secure insurance..
Drug and weapon smuggling are among other areas of trade in which front companies attempt to conceal their activities to avoid being detected. The International Maritime Organization (IMO) agreed on a series of measures after a committee session last week which included the creation of a comprehensive database of registries and ways to improve information on the illegal registration of ships, the IMO said. Other recommendations included enhanced verification of vessels through their unique IMO numbers and adherence to the requirement for an onboard record of a ship’s history.
The IMO will also work with the U.N, Security Council to create a searchable database that would show vessels subject to U.N, resolutions, The work is expected to be completed in 2021, “Experience has shown that the gold enamel superman shield cufflinks raison d’être of fraudulent registries is to conceal illicit activity on board vessels, including activities prohibited by United Nations sanctions,” the United States said in one submission to the IMO, Multiple countries have reported to the IMO that their registries had been used without the knowledge of the maritime authority for fraudulent purposes through fake documents or even maintaining the flag after it had been terminated..
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