Dr. Reddy's To Acquire Haleon's Global Portfolio Of Consumer Healthcare Brands In The Nicotine Replacement Therapy, Building On Its Global Consumer Healthcare Business; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Dr. Reddy's Laboratories Ltd. (NYSE: RDY) is set to acquire Haleon plc's (NYSE: HLN) global portfolio of consumer healthcare brands in the Nicotine Replacement Therapy (NRT) category outside of the United States. The acquisition includes brands like Nicotinell, Nicabate, Thrive, and Habitrol, and covers various formats such as lozenge, patch, gum, and pipeline products.
June 26, 2024 | 3:29 pm
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Haleon plc (NYSE: HLN) is selling its global portfolio of NRT brands to Dr. Reddy's, which may result in a short-term decrease in revenue but could streamline its focus on other core areas.
While the sale of the NRT portfolio may lead to a short-term revenue dip for Haleon, it could allow the company to concentrate on other strategic areas, potentially benefiting long-term growth.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Dr. Reddy's Laboratories Ltd. (NYSE: RDY) is acquiring Haleon's global portfolio of NRT brands, which will significantly enhance its consumer healthcare business.
The acquisition of Haleon's NRT brands will expand Dr. Reddy's presence in the global consumer healthcare market, potentially increasing its revenue and market share.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100