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Consumer OTC Drugs

Bayer

This article was originally published in The Tan Sheet

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Executive Summary

Consumer Care Division sales drop of 26.6% to $385.8 mil. is "attributable to currency and portfolio trends," CEO Werner Wenning says in Aug. 5 earnings call. "Without these factors, sales were up 4.9%. Business in the U.S. was especially strong due to the nutritionals and Alka-Seltzer line. Sales were up in Mexico, Brazil and Argentina," the exec notes. August launch of Alka-Seltzer Plus Ready Release quick dissolve tablets could enhance brand's strong performance further in third quarter (1"The Tan Sheet" June 23, 2003, p. 10)...

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