Alka-Seltzer Plus
This article was originally published in The Tan Sheet
Executive Summary
Withdrawal of PPA-containing cold medicines estimated to cost Bayer [Euro]60 mil. to [Euro]80 mil. ($50.9 mil. to $67.9 mil), company says during recent analysts conference. The Alka-Seltzer Plus brand was heavily impacted by FDA's Nov. 3 letter requesting that manufacturers voluntarily discontinue marketing drugs containing phenylpropanolamine. All six effervescent products in the cough/cold line contain PPA; the five Liqui-Gel products are PPA free. Bayer says it hopes to introduce reformulated effervescent products in early 2001 (1"The Tan Sheet" Nov. 13, p. 4)
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Combined Bayer aspirin, Aleve and Midol sales make firm second-largest analgesic marketer in U.S. and One-A-Day Specialized Blends is top branded herbal product, company tells analysts March 20. Global Consumer Care division sales rose 14.3% to $1.78 bil. in 2000, of which almost half came from North America, Bayer says. Consumer Care growth driven by increased sales of Alka-Seltzer, Bayer aspirin, Phillips' Milk of Magnesia and launch of Aleve Cold & Sinus. PPA-related recall of Alka-Seltzer Plus caused $53.7 mil. charge, in line with expectations (1"The Tan Sheet" Dec. 4, 2000, In Brief). Total worldwide sales grew 13.4% to $28.65 bil. as net income dipped 9.3% to $1.68 bil
Bayer
Combined Bayer aspirin, Aleve and Midol sales make firm second-largest analgesic marketer in U.S. and One-A-Day Specialized Blends is top branded herbal product, company tells analysts March 20. Global Consumer Care division sales rose 14.3% to $1.78 bil. in 2000, of which almost half came from North America, Bayer says. Consumer Care growth driven by increased sales of Alka-Seltzer, Bayer aspirin, Phillips' Milk of Magnesia and launch of Aleve Cold & Sinus. PPA-related recall of Alka-Seltzer Plus caused $53.7 mil. charge, in line with expectations (1"The Tan Sheet" Dec. 4, 2000, In Brief). Total worldwide sales grew 13.4% to $28.65 bil. as net income dipped 9.3% to $1.68 bil
Bayer
Combined Bayer aspirin, Aleve and Midol sales make firm second-largest analgesic marketer in U.S. and One-A-Day Specialized Blends is top branded herbal product, company tells analysts March 20. Global Consumer Care division sales rose 14.3% to $1.78 bil. in 2000, of which almost half came from North America, Bayer says. Consumer Care growth driven by increased sales of Alka-Seltzer, Bayer aspirin, Phillips' Milk of Magnesia and launch of Aleve Cold & Sinus. PPA-related recall of Alka-Seltzer Plus caused $53.7 mil. charge, in line with expectations (1"The Tan Sheet" Dec. 4, 2000, In Brief). Total worldwide sales grew 13.4% to $28.65 bil. as net income dipped 9.3% to $1.68 bil