DGAP-News: STADA Arzneimittel AG / Key word(s): Miscellaneous
06.08.2018 / 09:00
The issuer is solely responsible for the content of this announcement.
CEO Claudio Albrecht: “Excellent basis for further strong growth in the biosimilar segment”
Bad Vilbel, August 6, 2018 – After repurchasing the rights to Hedrin(R) from Sanofi, the rights to APO-go(R) from Grünenthal and the rights to Ladival from Ladival GmbH & Co KG, STADA Arzneimittel AG is also increasing its presence in the important biosimilar sector. Subject to approval by the antitrust authorities, STADA is acquiring an additional 35.48 percent of the shares from its co-shareholders, which – combined with the shares already held – means that it now has a 51.34 percent stake in BIOCEUTICALS Arzneimittel AG. The parties agreed to maintain confidentiality with regard to the financial conditions of the transaction. BIOCEUTICALS Arzneimittel AG manufactures the active ingredient erythropoietin and markets it particularly by issuing sales licenses to STADAPHARM and other third parties.
The biosimilar epoetin zeta, which is sold by STADAPHARM in Germany with the brand name Silapo(R), is approved for the treatment of anemia resulting from chronic kidney failure and in chemotherapy.
CEO Claudio Albrecht is particularly pleased about this transaction, “because it is an excellent fit with STADA’s three-pillar strategy, in which biosimilars in the Specialties segment play a key role. This will enormously strengthen our Specialties group and forms an excellent basis for further strong growth in this segment.” Albrecht thanks the former co-shareholders who have supported the company for many years. “It is also thanks to them that we are among the leaders in this biosimilar segment in Germany with Silapo(R).”
Since 2008, STADA has been selling the biosimilar with the active ingredient epoetin zeta in Germany with the brand name Silapo(R) under a sales license issued by BIOCEUTICALS Arzneimittel AG. This makes STADA one of the first companies in the world to put a biosimilar on the market. Sales of this medication have been rising steadily since it was first launched.
Based on further license agreements with BIOCEUTICALS Arzneimittel AG, the product is sold by companies including the hospital specialist Hospira (Pfizer), which sells it under the brand name RetacritTM in various countries and was recently granted approval for this in the USA. The medication is produced by Norbitec GmbH in Uetersen, which is majority owned by BIOCEUTICALS Arzneimittel AG.
About STADA Arzneimittel AG
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|Company:||STADA Arzneimittel AG|
|61118 Bad Vilbel|
|Phone:||+49 (0)6101 603- 113|
|Fax:||+49 (0)6101 603- 506|
|Listed:||Regulated Market in Dusseldorf, Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|