Thu, May 19, 8:56 AM
- Sterne Agee analyst April Scee says it makes more sense that Reckitt Benckiser (OTCPK:RBGLY, OTCPK:RBGPF) will make an offer for Church & Dwight (NYSE:CHD) than Procter & Gamble (NYSE:PG).
- Though the P&G buyout speculation that drove Church & Dwight to a +20% premarket spike yesterday fizzled, there's still some leftover M&A intrigue around the company due to its strong presence in the U.S.
- CHD +6.73% premarket to $103.51. For its part, Procter & Gamble is down 3% over the last few sessions with more retailers reporting tepid U.S. demand for consumer products.
Dec. 29, 2015, 5:28 PM
- Coffee prices continue to fall as strong El Nino rains in Brazil help to boost crop yields. The next harvest in the nation is forecast to be up 20% Y/Y at 58M bags.
- Even with Arabica prices down 28% this year, analysts see another swing lower for coffee in 2016 due to the oversupply situation.
- Weak currencies in South America are also providing a strong incentive to local producers to sell as much as they can.
- The trend toward low coffee prices is helping to lift margins for many coffee sellers with U.S. retail prices only down 4% to 5% this year. Companies light on hedging positions are seeing the biggest benefit.
- Most execs play coy over the bottom line benefit of lower coffee commodity prices, but even Starbucks CFO Scott Maw had to concede that pricing looked a "little bit favorable" during the firm's last earnings call (transcript).
- Coffee futures chart
- Related stocks and ETFs: KHC, GMCR, DNKN, OTCPK:RBGLY, OTCPK:RBGPF, SBUX, OTCQB:JAMN, SJM, MCD, JO, CAFE, THS, KKD, OTCPK:NSRGY, OTCPK:NSRGF.
Nov. 19, 2015, 6:48 AM
- The FDA approves privately held Adapt Pharma's Fast Track- and Priority Review-tagged NARCAN (naloxone hydrochloride) nasal spray for the treatment of opioid overdose. The product does not require assembly and can be administered by anyone, even those with no medical training. NARCAN is sprayed into one nostril while the patient is lying on his/her back and can be repeated if necessary. Immediate medical care is still required, however.
- The FDA's action is a good example of the benefits of Priority Review and Fast Track. The PDUFA date was January 20.
- Commercial launch will commence in early 2016.
- Previously: FDA accepts for review Adapt Pharma's NDA for nasal spray treatment of opioid overdose (Sept. 24)
- Related tickers: (OTCQB:LLTP)(OTCPK:RBGPF)(OTCPK:RBGLY)
Sep. 24, 2015, 12:07 PM
- Privately held Adapt Pharma announces that the FDA has accepted under Priority Review its New Drug Application (NDA) for Fast Track-tagged NARCAN (naloxone hydrochloride) Nasal Spray for the emergency treatment of opioid overdose. If approved, it will be the first non-injectable opioid antidote available for sale. Adapt licensed NARCAN from LightLake Therapeutics.
- According to the CDC, there were almost 25K opioid overdose deaths in the U.S. in 2013.
- Related tickers: (OTCQB:LLTP -3.3%) (OTCPK:RBGPF) (OTCPK:RBGLY)
- Previously: Adapt Pharma files NDA for nasal spray to treat opioid overdose (July 27)
Aug. 12, 2015, 7:35 AM
- Reckitt Benckiser (OTCPK:RBGPF) (OTCPK:RBGLY) receives regulatory clearance from the UK's Competition and Markets Authority (CMA) to purchase Johnson & Johnson's (NYSE:JNJ) K-Y intimate lubricant business with the proviso that it license the brand to a third party for eight years. During this period, the company selling K-Y would create its own brand, after which Reckitt would resume control of K-Y.
- Reckitt agreed to buy K-Y last year but encountered opposition from UK authorities who said the deal would reduce competition and result in higher prices for consumers. The CMA asked the company put forward measures to allay their concerns, but its initial proposals were unsuccessful.
- The company's plan to purchase the K-Y business in New Zealand was also blocked due to anti-competitive concerns. Reckitt chief Rakesh Kapoor isn't too concerned since the bulk of K-Y sales come from the U.S., Canada and Brazil.
- Under Mr. Kapoor, Reckitt is moving into higher margin consumer health products. The strategy appears to be working. H1 comps were up 13%.
Jul. 27, 2015, 11:27 AM
- Privately-held Adapt Pharma submits a New Drug Application (NDA) to the FDA seeking approval for Fast Track-designated Narcan (naloxone) Nasal Spray for the treatment of opioid overdose. If approved, Narcan will be the first non-injectable opioid antidote available for sale. Its formulation will make it a much-preferred option for community settings where most overdoses occur.
- According to the CDC, there were ~24,500 opioid overdose deaths in the U.S. in 2013.
- Adapt licensed Narcan from LightLake Therapeutics (OTCQB:LLTP) in late 2014.
- Reckitt Benckiser (OTCPK:RBGPF) (OTCPK:RBGLY) (OTC:RBGPY) is working with AntiOp on a nasal delivery product as well.
- Previously: LightLake Therapeutics teams up with Adapt Pharma (Dec. 16, 2014)
- Previously: Reckitt Benckiser inks development deal for naloxone spray (May 19, 2014)
Jul. 1, 2015, 8:21 AM
- J.M. Smucker (NYSE:SJM) cuts prices on packaged coffee products by an average of 6%.
- The reduced pricing impacts products sold under the Folgers and Dunkin' Donuts brand names.
- Wholesale coffee prices have moderated over the last six months (Robusta chart).
- Related stocks: KRFT, GMCR, DNKN, OTCPK:RBGLY, OTCPK:RBGPF, SBUX.
Apr. 24, 2015, 9:07 AM
- Consumer products giant Reckitt Benckiser (OTCPK:RBGLY, OTCPK:RBGPF) reports revenue rose 5% (like-for-like) to £2.216B ($3.35B) in Q1 to top expectations.
- Sales in North America were up 13% on a reported basis due to the impact of the strong U.S. dollar.
- The company's pace of sales in emerging markets trailed peers, but its health unit provided a double-digit sales lift.
- The company's says it on track to meet revenue targets and moderate to "nice" operating margin expansion.
- Shares of Reckitt rose over 1% in London trading.
- Reckitt Benckiser earnings release.
Apr. 17, 2015, 10:39 AM
- Heinz is making a big push into mustard in the U.S.
- The Berkshire/3G company has launched its "Ketchup's Got a New Mustard" campaign with a strong focus on its mustard product's use of 100% natural ingredients.
- Heinz and Kraft have a merger in the works that will give the combined company a big slice of the condiments market.
- Major U.S. mustard sellers: Reckitt Benckiser (OTCPK:RBGLY, OTCPK:RBGPF), Kraft Foods (NASDAQ:KRFT), ConAgra (NYSE:CAG), and McCormick (NYSE:MCK).
Dec. 18, 2014, 10:34 AM
- Antitrust regulators in France have fined 11 companies a combined $1.17B on price-rigging charges.
- Companies hit by the action include L'Oreal (OTCPK:LRLCF), Unilever (NYSE:UL), Colgate-Palmolive (NYSE:CL), Hillshire Brands (NYSE:HSH), Johnson & Johnson's (NYSE:JNJ) French business, and Reckitt Benckiser Group (OTCPK:RBGLY).
- Statements from the consumer products sellers expressed some outrage over the sanctions due to the limited impact on consumers.
Dec. 16, 2014, 10:26 AM
- LightLake Therapeutics (OTCQB:LLTP +8.1%) enters into a license agreement with Adapt Pharma Limited subsidiary Adapt Pharma Operations Limited to develop and commercialize LightLake's intranasal naloxone opioid overdose reversal treatment. Under the terms of the contract, LightLake is eligible to receive as much as $55M in development- and sales-based milestones plus double-digit royalties.
- In a clinical trial, data showed that LightLake's technology can potentially deliver naloxone into the blood stream as quickly as an injection, which is the current approach used by hospitals and first responders treating opioid overdoses. The company initiated a second study on December 4.
- In May, Reckitt Benckiser (OTCPK:RBGPF) (OTCPK:RBGLY) (OTC:RBGPY) entered into a collaboration with Lexington, KY-based AntiOP to develop a naloxone nasal spray.
- Previously: Reckitt Benckiser inks development deal for naloxone spray (May 19, 2014)
Nov. 17, 2014, 6:13 AM
- Reckitt Benckiser (OTCPK:RBGLY) is planning to proceed with a spinoff of its pharmaceutical unit to existing shareholders next month.
- Shareholders are expected to consider plans of the spinoff (to be called Indivior) at a meeting on Dec. 11. If approved, the business would begin trading on the London Stock Exchange on Dec. 23.
- The pharmaceutical unit had revenue of $1.2B and profit of $489M in 2013, with about 80% of its revenue from the U.S.
- Previously: Reckitt Benckiser to demerge pharmaceutical unit
Nov. 11, 2014, 3:08 PM
- Sales of disinfectant wipes rose 20% last month amid the Ebola panic, says incoming Clorox (CLX -0.7%) CEO Benno Dorer.
- The company has also recently introduced new wipe products for bathrooms and heavy-duty jobs due to increased demand which began even before cases of Ebola were reported in the U.S.
- Reckitt Benckiser's (OTCPK:RBGLY) Lysol brand may have seen a recent sales boost as well.
Jul. 28, 2014, 4:48 AM
- Reckitt Benckiser (OTCPK:RBGLY) states that it will pursue a demerger of its pharmaceutical division, allowing it to put a greater focus on its core consumer health and hygiene business.
- The spinoff will occur in the next 12 months - becoming a separate U.K.-listed company.
- The announcement follows the Reckitt Benckiser's 7% drop in second-quarter revenue which fell to £2.3B from £2.5B Y/Y.
Jul. 21, 2014, 8:56 AM
- German private equity firm Aurelius has agreed to buy Reckitt Benckiser's (OTCPK:RBGLY) Scholl shoe business. The company is expecting the brand to expand internationally and maintain growth.
- Aurelius will acquire the international rights to the business, except for North and South America, which will go to Bayer (OTCPK:BAYRY) as part of its $14B purchase of Merck (NYSE:MRK).
- The deal is expected to close in the third quarter of 2014.
May 15, 2014, 9:18 AM
- XenoPort (XNPT) has signed a licensing deal for Reckitt Benckiser (RBGLY) to develop XenoPort's Arbaclofen Placarbil treatment for alcoholism.
- XenoPort will receive $20M upfront, $5M after certain technology and materials have been transferred, up to $70M in development and regulatory milestones, and $50M for commercial achievements.
- Reckitt Benckiser will also start Phase IIb trials of Arbaclofen Placarbil. (PR)
RB is a global force in household, health and personal care. Its 19 Powerbrands, in high growth categories, take a disproportionate share of RB's top end marketing investment. Powerbrands drive over 70% of growth. Innovations launched in the last 3 years generate around 30% net revenue.<br /><br... More
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