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Sanofi Benefits From Stockpiling In Q1, Predicts Long-Term Uplift In Supplements Demand

 
• By Tom Gallen

Sanofi benefits from coronavirus-triggered stockpiling in Q1, with Consumer Healthcare head Alan Main suggesting the pandemic may have turned more consumers into regular dietary supplement users

Lyon France, 3 October 2017: White logo of the french multinational pharmaceutical company Sanofi on their glass office building in Lyon France - Image

Stockpiling of pain relief and cough/cold OTCs globally at the beginning of the coronavirus pandemic helped lift Sanofi’s Consumer Healthcare sales by 4.2% at constant exchange rates to €1.3bn ($1.4bn) in the first quarter of 2020.

Sanofi CEO Paul Hudson said “COVID-related pantry loading” had contributed 6 percentage points of growth to Consumer Healthcare’s first quarter...

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