{"id":82722,"date":"2024-06-27T18:12:03","date_gmt":"2024-06-27T18:12:03","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/27\/dr-reddys-to-buy-uk-companys-nicotine-gum-business-for-rs-5000-crore-hyderabad-news-times-of-india\/"},"modified":"2024-06-27T18:12:04","modified_gmt":"2024-06-27T18:12:04","slug":"dr-reddys-to-buy-uk-companys-nicotine-gum-business-for-rs-5000-crore-hyderabad-news-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/27\/dr-reddys-to-buy-uk-companys-nicotine-gum-business-for-rs-5000-crore-hyderabad-news-times-of-india\/","title":{"rendered":"Dr Reddy\u2019s to buy UK company&#8217;s nicotine gum business for Rs 5,000 crore | Hyderabad News &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"506\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/thumb\/imgsize-23456,msid-111296114,width-600,resizemode-4\/111296114.jpg?fit=600,506&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Dr Reddy\u2019s to buy UK company&#8217;s nicotine gum business for Rs 5,000 crore | Hyderabad News &#8211; Times of India\" title=\"Dr Reddy\u2019s to buy UK company&#8217;s nicotine gum business for Rs 5,000 crore | Hyderabad News &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>HYDERABAD: Pharma major Dr Reddy\u2019s Laboratories is acquiring British <!-- -->consumer healthcare<!-- --> player <!-- -->Haleon<!-- --> Plc&#8217;s entire <!-- -->nicotine replacement therapy<!-- --> (<!-- -->NRT<!-- -->) business, outside of the United States market, for a consideration of GBP 500 million.<br \/>As part of the deal, Dr Reddy&#8217;s arm <!-- -->Dr Reddy&#8217;s Laboratories<!-- --> SA will be acquiring 100% stake in newly incorporated Haleon group company <!-- -->Northstar Switzerland<!-- --> SARL and has inked a definitive agreement for the same, it said in a regulatory filing.<br \/>The portfolio being acquired by the Hyderabad-based company includes Nicotinell, touted as the second biggest brand in the NRT space globally with a footprint in 31 countries across Europe, Latin America and Asia, including countries like Japan. <!-- -->Nicotinell<!-- --> is also branded as Nicabate in Australia, Thrive in Canada and Habitrol in New Zealand and Canada.<br \/>The deal includes an upfront payment of GBP 458 million as well as performance-based contingent payments of up to GBP 42 million that will be payable in 2025 and 2026.<br \/>Dr Reddy\u2019s said the deal, which is expected to close in the fourth quarter of 2024 and is subject to satisfactory completion of customary conditions, including regulatory approvals, will give it access to a global OTC anchor brand that would be a potential vehicle for the company to to build its global consumer healthcare OTC business.<\/p>\n<div data-pos=\"0\" class=\"id-r-component QbQNS undefined  &#10;        \">\n<div><\/div>\n<\/div>\n<p>\u201cThe proposed acquisition will be inclusive of all formats such as lozenge, patch, gum as well as pipeline products in all the applicable global markets outside of the US,\u201d Dr Reddy\u2019s said.<br \/>The total revenue of the portfolio being acquired clocked net revenues of around 217 million pounds in 2023. The company has been stepping up its presence in the consumer healthcare markets globally, acquiring several brands such as Habitrol in the NRT space, pain relief brand Doan\u2019s, women\u2019s health products like Premama for fertility and parenthood, and MenoLabs portfolio for menopause.<br \/>\u201cThe intellectual property, business contracts, dossiers and other assets related to the portfolio being acquired will reside in Northstar Switzerland and its fully owned step-down subsidiaries North Star OpCo Ltd and North Star Sweden AB, to be incorporated in England and Wales and Sweden, respectively,\u201d it said.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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