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Sanofi Stock Slides On Lower Profit Forecast And Consumer Health Spinoff Plan

 
• By Kevin Grogan

The French drugmaker is significantly upping its R&D spend and exiting consumer care, a strategy CEO Paul Hudson has stoutly defended following a slump in the share price.

Paul Hudson 2019
Paul Hudson • Source: Sanofi

The latest chapter of Sanofi's 'play to win' strategy of investing more in R&D and becoming a pure play biopharma by spinning off its consumer health division has panicked investors who have balked at the prospect of lower profits next year.

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