The Bayer version of Germolene smells the same as the original. It uses the same compound methyl salicylate. Where it differs from the original is the base which is now a water based emollient cream which means it rubs in more easily. However it doesn't cover up spots. The new formulation also adds chlorhexidine gluconate - so it's more effective and maintains the phenol so that it acts as a local anaesthetic.