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    SGSN   CH0002497458

SGS AG

(SGSN)
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Delayed Quote. Delayed Swiss Exchange - 12/03 11:30:39 am
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Withdrawal of Temporary Hand Sanitizer Policies in the USA

10/27/2021 | 05:58am EST
Effective December 31, 2021, the US FDA will withdraw the temporary policies for producing alcohol-based hand sanitizers.
SAFEGUARDS | Cosmetics, Personal Care & HouseholdNO. 144/21

Considering a stable supply of alcohol-based hand sanitizer from traditional suppliers, the US Food and Drug Administration (FDA) announced on October 12, 2021 the withdrawal of temporary policies issued in March 2020 for non-drug manufacturers to produce certain alcohol-based hand sanitizers and alcohol for use in hand sanitizers during the public health emergency.

Effective December 31, 2021, production of hand sanitizer shall comply with the tentative final monograph for over-the-counter topical antiseptics and relevant Good Manufacturing Practice (GMP) requirements.

Producers who have been producing hand sanitizers under the temporary policies must stop making new hand sanitizer on December 31, 2021, and must stop distribution of any remaining hand sanitizer products produced under the guidances by March 31, 2022.

Reference
  1. FDA In Brief: FDA Withdrawing Temporary Guidances for Alcohol-Based Hand Sanitizers

With the development of new products, regulations for cosmetics, personal care and household are fast changing and increasingly complex. To stay up-to-date with the latest legislation, check out our powerful regulatory compliance platform, SGS Digicomply.

Next Step

Producers that had been producing hand sanitizers under the temporary policies should not distribute the manufactured hand sanitizers after March 31, 2022.

For inquiries, please contact:

Queenie Ho-yan TSE
Technical Services Manager
t: +852 2765 3672

Stay on top of regulatory changes within your industry: subscribe to SafeGuardS!

Read more articles for the Consumer Goods and Retail industry

© SGS Group Management SA - 2021 - All rights reserved - SGS is a registered trademark of SGS Group Management SA. This is a publication of SGS, except for 3rd parties' contents submitted or licensed for use by SGS. SGS neither endorses nor disapproves said 3rd parties contents. This publication is intended to provide technical information and shall not be considered an exhaustive treatment of any subject treated. It is strictly educational and does not replace any legal requirements or applicable regulations. It is not intended to constitute consulting or professional advice. The information contained herein is provided "as is" and SGS does not warrant that it will be error-free or will meet any particular criteria of performance or quality. Do not quote or refer any information herein without SGS's prior written consent.

Disclaimer

SGS SA published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 09:57:08 UTC.


ę Publicnow 2021
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Financials
Sales 2021 6 334 M 6 881 M 6 881 M
Net income 2021 641 M 697 M 697 M
Net Debt 2021 1 934 M 2 101 M 2 101 M
P/E ratio 2021 33,2x
Yield 2021 2,88%
Capitalization 21 361 M 23 240 M 23 204 M
EV / Sales 2021 3,68x
EV / Sales 2022 3,47x
Nbr of Employees 92 143
Free-Float 79,7%
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SGS AG Technical Analysis Chart | SGSN | CH0002497458 | MarketScreener
Technical analysis trends SGS AG
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 21
Last Close Price 2 850,00 CHF
Average target price 2 864,26 CHF
Spread / Average Target 0,50%
EPS Revisions
Managers and Directors
Frankie Ng Chief Executive Officer
Dominik de Daniel Chief Financial Officer
Calvin Grieder Chairman
Olivier Merkt Chief Compliance Officer & SVP-Legal
August Franšois von Finck Independent Director