BOOST Pharma Appoints Leading Biopharma Leader Elaine Jones as Chair

BOOST Pharma Appoints Leading Biopharma Leader Elaine Jones as Chair




BOOST Pharma Appoints Leading Biopharma Leader Elaine Jones as Chair

  • Seasoned life science investor, executive and board leader to support next phase of growth as BOOST Pharma advances BT-101, a promising and potentially disease-modifying therapy for osteogenesis imperfecta

STOCKHOLM, March 19, 2026 (GLOBE NEWSWIRE) — BOOST Pharma (“BOOST” or the “Company), a clinical‑stage biopharmaceutical company developing novel, first‑in‑class off-the-shelf cell therapies for rare, debilitating pediatric skeletal diseases, today announced the appointment of highly respected industry leader Elaine Jones, PhD, as Chair of its Board of Directors. Elaine succeeds Ingelise Saunders, who will remain on the Board.

Elaine Jones is a distinguished biopharmaceutical executive, venture investor, and board leader, bringing more than two decades of experience shaping and scaling innovative life science companies. Over her career, she has served on more than 35 company boards and held senior roles across the global biotechnology ecosystem, including as Vice President of Venture Capital at Pfizer Ventures, where she oversaw strategic investments in companies aligned with Pfizer’s R&D priorities, and earlier in leadership roles at GSK’s corporate venture fund, SR One.

Her appointment marks an important inflection point for BOOST Pharma as it advances BT-101, its lead off-the-shelf cell therapy for osteogenesis imperfecta (OI), also known as Brittle Bone Disease, toward Phase III clinical development. BT-101 has shown promising data in early clinical trials demonstrating reductions in fractures among affected children, supporting its potential as the first disease-modifying therapy for this severe rare condition.

Hans Schambye, Chief Executive Officer of BOOST Pharma, said: “Elaine’s unique combination of strategic insight, investment acumen and deep board leadership experience will be invaluable as we prepare BT‑101 for late‑stage development and drive the Company into its next phase of growth. I would also like to express my sincere thanks to Ingelise Saunders for her outstanding service as Chair. She has guided BOOST through critical milestones and challenging periods with exceptional commitment, and we are delighted she will continue contributing as a Board Director.”

Elaine currently serves on the boards of CytomX Therapeutics, HBM Healthcare Investments AG, and NextCure, is Chair of Mironid, and is also a member of the Board of the Novartis Venture Fund.

Dr. Elaine Jones, incoming Chair of BOOST Pharma, commented: “BOOST Pharma has the scientific vision, clinical ambition, and highly experienced team to position the company for long-term success. BT‑101 is an especially compelling program, with the potential to meaningfully improve the lives of children living with osteogenesis imperfecta. I look forward to supporting BOOST as it advances this promising therapy into late‑stage development and builds further value for patients, partners, and investors.”

As BOOST Pharma enters this next stage of growth, the Company will meet with partners and investors at key industry events this spring, including BIO-Europe Spring and LSX World Congress Europe, where CEO Hans Schambye will participate in expert panel discussions.

For more information, please contact:

Optimum Strategic Communications
Zoe Bolt | Vareen Outhonesack | Nellie Stephens

Tel: +44 (0) 20 388 296 21

Email: boostpharma@optimumcomms.com

About BOOST Pharma

BOOST Pharma ApS is a clinical‑stage biotechnology company developing novel, first‑in‑class off-the-shelf stem cell therapies for rare, debilitating pediatric skeletal diseases. The Company’s lead program, BT‑101, is an allogeneic mesenchymal stem cell therapy for osteogenesis imperfecta, a severe rare bone disorder, and has received Orphan Drug Designation in both the U.S. and Europe. BT‑101 is currently advancing toward a planned Phase III clinical trial.

BOOST is backed by a strong syndicate of life‑science investors, including Industrifonden, Karolinska Development, and Sound Bioventures, who support the Company’s strategy focused on high‑impact science, capital‑efficient development, and clear pathways to market. The Company is led by a team with deep experience in biotech innovation, clinical execution, and value creation. For further information, please visit https://boostpharma.com/.

About Osteogenesis Imperfecta

Osteogenesis Imperfecta (OI), also known as Brittle Bone Disease, is a rare and devastating genetic disorder characterized by extremely fragile bones, reduced bone mass, and frequent fractures, often beginning in infancy. Individuals with OI may experience dozens to hundreds of fractures over a lifetime, along with loose joints, weakened teeth, and significant skeletal deformities. Beyond bone fragility, people living with OI frequently face muscle weakness, fatigue, curved bones, scoliosis, respiratory complications, early‑onset hearing loss, and short stature, all contributing to substantial impacts on overall health and quality of life.

There are currently no FDA or EMA‑approved disease‑modifying therapies for OI; existing management is purely supportive, aimed at reducing fracture risk and preserving mobility. OI affects an estimated 1 in 15,000 people globally, underscoring the urgent need for safe and effective treatments.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8d6a4ee5-196c-4500-b705-394f7e47eec1

SK pharmteco Reaffirms Three-Business-Unit Strategy, Strengthens Global Gene Therapy Business Unit with Funding Commitment

SK pharmteco Reaffirms Three-Business-Unit Strategy, Strengthens Global Gene Therapy Business Unit with Funding Commitment




SK pharmteco Reaffirms Three-Business-Unit Strategy, Strengthens Global Gene Therapy Business Unit with Funding Commitment

RANCHO CORDOVA, Calif., March 19, 2026 (GLOBE NEWSWIRE) — SK pharmteco today announced a significant funding commitment to support strategic initiatives within its viral vector business, while reaffirming its long-term growth strategy across three business units: small molecule, peptides, and viral vectors.

SK pharmteco is sharpening its strategy to provide pharmaceutical and biotechnology partners with the financial strength, technical rigor, and operational infrastructure needed for long-term success across multiple modalities. The company continues to expand its small molecule and peptide businesses while reinforcing its commitment to viral vector development and manufacturing, and believes this three-business-unit approach positions SK pharmteco as a versatile CDMO partner for biopharma companies managing increasingly diverse pipelines, from established therapeutics to advanced therapies.

To advance this strategy, $100 million USD will be deployed to reinforce and expand capabilities across the company’s viral vector business, including its centers of excellence in King of Prussia, Pennsylvania, and Corbeil-Essonnes, France. SK pharmteco is prioritizing operational excellence with a focus on further maturing quality systems, optimizing process performance, and advancing technology transfer while enabling innovation across its global network to deliver more reliable development, late-stage, and commercial execution.

“Our strategy is built on the strength of three essential business units: small molecules, peptides, and viral vectors,” said Joerg Ahlgrimm, Chief Executive Officer of SK pharmteco. “As the industry evolves, our partners need a CDMO that combines specialized expertise, technical sophistication, and operational reliability across modalities. This commitment supports our continued efforts to strengthen our viral vector business while advancing the broader capabilities, quality, and commercial readiness that customers expect across our global network.”

By advancing its three-business-unit strategy, SK pharmteco is strengthening its position as a differentiated global CDMO, combining the reliability and scale of established small molecule manufacturing, the specialized capabilities of its peptides business, and the advanced expertise required to support the development and manufacture of viral vector-based therapies.

About SK pharmteco
SK pharmteco is a global contract development and manufacturing organization (CDMO) with production sites, research & development facilities, and analytical laboratories across the U.S., Europe, and South Korea. The company’s core capabilities center on small molecules, peptides, and viral vectors, providing the specialized expertise needed to bring complex therapies to market. Through these pillars, SK pharmteco supports biopharmaceutical partners of all sizes with comprehensive development and manufacturing solutions worldwide. SK pharmteco is a subsidiary of SK Inc. (KRX: 034730) (SK), the strategic investment company for SK Group, South Korea’s second-largest conglomerate.

Contact:
Keith Bowermaster, APR, CCMP
Communications Consultant
keith.bowermaster@skpt.com

Persica Pharmaceutical’s PP353 Phase 1b Data Selected for Oral Presentation at the American Society of Interventional Pain Physicians (ASIPP) 2026 Annual Meeting

Persica Pharmaceutical’s PP353 Phase 1b Data Selected for Oral Presentation at the American Society of Interventional Pain Physicians (ASIPP) 2026 Annual Meeting




Persica Pharmaceutical’s PP353 Phase 1b Data Selected for Oral Presentation at the American Society of Interventional Pain Physicians (ASIPP) 2026 Annual Meeting

ASIPP presentation follows publication of positive data from PP353 Phase 1b Modic Trial in The Lancet’s eClinicalMedicine

London, UK, 19 March 2026 – Persica Pharmaceuticals Limited (Persica), a clinical stage biotechnology company developing a transformative treatment for chronic Low Back Pain (cLBP), today announces that it has been selected to give an oral presentation at the American Society of Interventional Pain Physicians (ASIPP) 2026 Annual Meeting, taking place from 19 March to 21 March, in New Orleans, USA.

Dr. Joshua Hirsch, Neurointerventionalist, Professor at Harvard Medical School, Board Member of ASIPP and medical advisor to Persica will be presenting PP353 data from the Company’s Phase 1b Modic Trial published in The Lancet’s eClinicalMedicine in February 2026. The data show that PP353 – Persica’s targeted, non-opioid therapeutic approach – demonstrated clinically meaningful and statistically significant improvements in pain and disability in patients with cLBP and Modic type 1 changes.

The company will also present an e-poster which will be on display throughout the meeting and published in an upcoming issue of the Pain Physician journal.

Duncan McHale, Chief Medical Officer of Persica Pharmaceuticals, said: “ASIPP is a leading meeting for companies working in pain, and we’re proud that Persica’s abstract ranked in the top five and was selected for an oral presentation this year – an additional strong validation of our science. PP353 is an innovative approach that targets the underlying disease of chronic Low Back Pain rather than just the symptoms. We’re excited to share the progress we’re making towards our goal of delivering a novel treatment option for the millions suffering with this debilitating condition that causes severe disability, as well as putting a significant burden on healthcare systems.”

Dr. Joshua Hirsch, Neurointerventionalist, Professor at Harvard Medical School and Board Member of ASIPP, added: “Chronic low back pain remains difficult to treat and places a substantial burden on patients and healthcare systems worldwide. Many patients cycle through existing therapies with limited relief, underscoring the urgent need for new treatment approaches. A targeted, non-opioid therapy like PP353, that addresses the underlying cause of disease, has the potential to meaningfully improve how we treat this large patient population and I look forward to seeing PP353 advance into Phase 3 studies.”

Presentation details:

Presentation Date and Time Presentation Title
Friday March 20th, 12:00pm CT PP353 Intradiscal Linezolid for Modic Type 1 cLBP: A Double‑Blinded, Sham‑Controlled Phase 1b Study

To read the full paper: Intradiscal linezolid (PP353) treatment for chronic low back pain associated with Modic change type 1: an international, first-in-human, randomised, sham procedure-controlled, double-blind, phase 1b clinical trial

For further information:        
ICR Healthcare – Tracy Cheung, Chris Welsh, Emily Johnson        
persica@icrhealthcare.com

About Persica Pharmaceuticals        
Persica Pharmaceuticals is a clinical-stage biotechnology company developing PP353, a groundbreaking and transformative treatment for chronic Low Back Pain (cLBP) with Modic type 1 changes. Modic changes are a sign of inflammation, visible on Magnetic Resonance Imaging (MRI) scans at the vertebral endplate adjacent to a degenerate lumbar disc, and which can extend into the body of the vertebrae. PP353 is a patented, targeted intradiscal antibiotic injection that is delivered directly to the site of infection. It is a non-opioid treatment which addresses an underlying cause of cLBP, rather than just the symptoms, and removes the need for extended duration of antibiotic treatment.

About PP353        
PP353 (intradiscal linezolid) is a suspension of linezolid powder in a thermosensitive vehicle, which is liquid at room temperature but increases in viscosity when injected into the site of infection and warmed to body temperature. This increase in viscosity prevents PP353 from leaking out of the degenerate disc into adjacent tissues during injection. PP353 also contains a radio-opaque dye, which allows the physician to use image guidance to make sure the gel is positioned correctly in the target disc on injection.

About chronic Low Back Pain with Modic Type 1 changes        
Chronic Low Back Pain (> 6 months) with Modic Type 1 changes is a common patient subgroup. These patients are readily identifiable on MRI and typically suffer from moderate to severe persistent pain and disability with limited relief from the current standard of care – physiotherapy and analgesia including opioids – with a prevalence of four million patients in the US, EU and Japan. Current treatment options provide only limited short-term relief or involve invasive, irreversible nerve ablation, which does not address the underlying cause of pathology, i.e., a suspected disc infection.

Roquette’s 2025 results show the resilience of its expanded portfolio in a very difficult market environment

Roquette’s 2025 results show the resilience of its expanded portfolio in a very difficult market environment




Roquette’s 2025 results show the resilience of its expanded portfolio in a very difficult market environment

Roquette’s 2025 results show the resilience of its expanded portfolio in a very difficult market environment

The Group’s strategy and recent acquisitions enable upselling to higher-value markets

  • +8% turnover growth to €4.9 billion (-5% Like-For-Like basis, LFL1) and +13% Current EBITDA increase to €612 million, driven by the pharmaceutical and food specialties businesses.
  • +54 bps increase in Current EBITDA margin to 12.6% showing the value of recent strategic acquisitions and the resulting evolution of the Group’s portfolio.
  • Excluding the cash impact of the IFF Pharma Solutions acquisition, Free Cash-Flow landed at €301 million.
  • In 2025, Roquette maintained a robust balance sheet with a strong liquidity position and a net debt to combined Current EBITDA ratio of 3.48x versus 3.72x end of June.
  • Early 2026, Roquette launched ‘Shift & Lead’, a comprehensive company plan to reinforce its competitiveness, strengthen its market position, and provide long-term value creation to all stakeholders.

Lille – March 19th, 2026 – Roquette, a global leader in plant-based ingredients, excipients and pharmaceutical solutions, today announced its 2025 full-year results, following the approval of its financial statements by the Board of Directors.

Thierry Fournier, CEO of Roquette, commented on the period: “We are seeing the significant benefits of our recent strategic moves and acquisitions, which allow Roquette to offer a more comprehensive portfolio and reinforce our focus on high-value products and markets. Despite a very challenging environment characterized by soft demand, overcapacity, and persistent geopolitical and economic uncertainties, our specialty products remain the key driver of our resilient performance in 2025.”

Regarding the Health & Pharma Solutions Business Unit, the strong performance from new product lines coming from the recent IFF Pharma Solutions acquisition mitigated the effect of softer demand and destocking in the starch and capsules markets, with notable gains from cellulose and alginates products for oral dosage. 

The Nutrition & Bioindustry Business Unit delivered strong results in food specialties, even in the face of sluggish markets and intense competition, with higher demand in food and nutrition, particularly for fiber and protein products. Combined with increased unit prices and lower variable costs, this has resulted in significant margin improvements for specialty products.

Collectively, these achievements strengthened Roquette’s market position and delivered resilient results in a complex landscape, affirming how the company’s strong foundations allow it to continue growing in a volatile and highly competitive environment. “Throughout 2026, we will maintain our commitment to operational excellence, innovation, financial discipline, and cash generation. Guided by our purpose: “Together, we turn the potential of nature into the essentials of life”, we are determined to become the global leader in sustainable plant-based solutions, driven by outstanding innovation and strong client partnerships that shape the future of nutrition, health and bioindustry. By defining and executing ‘Shift & Lead’, our comprehensive company plan, we will reinforce our competitiveness, strengthen our market position, and build for long-term value creation for all our stakeholders”, concluded Thierry Fournier.

FULL YEAR 2025 CONSOLIDATED KEY FIGURES2

(in millions of euros) 2024 2025 Var. (%) Var. LFL (%)
Turnover 4,495 4,877 +8% -5%
Current EBITDA 540 612 +13% -14%
Current EBITDA margin 12.0% 12.6% +54bps -115bps
Net result 61 (265) – –
Adjusted net result (a) 114 70 -39% –
Free Cash-Flow IFRS
(excluding IFF Pharma Solutions) (b)
275 301 – –
         
(in millions of euros) 2024 2025    
Net debt IFRS 237 2,390    
Restated leverage ratio
(Net debt IFRS / Combined Current EBITDA) (c)
0.44x 3.48x    

(a) Excluding non-recurring items amounting to €335 million (€44 million in FY 24), associated taxes and one-off deferred tax charges in the USA.
(b) IFF Pharma Solutions acquired on May 1st, 2025
(c) Combined Current EBITDA includes IFF Pharma Solutions estimated Current EBITDA over the last twelve months.

FINANCIAL PERFORMANCE

EXPANDED PORTFOLIO DRIVES PERFORMANCE IN A HIGHLY CHALLENGING ENVIRONMENT

In 2025, Roquette operated in a particularly demanding environment marked by soft global demand, overcapacity in certain commodity markets, intensified competition, and continued geopolitical and macroeconomic uncertainties. Against this backdrop, the Group delivered resilient full-year results, demonstrating the relevance of its strategic repositioning toward higher-value markets and products.

Full-year turnover reached €4,877 million, up 8% compared to 2024, given the integration of IFF Pharma Solutions from May 1st, 2025. On a Like-for-Like basis, sales were down 5%, reflecting continued pressure in commodity markets and softer demand in selected pharmaceutical segments.

Current EBITDA increased by +13% to €612 million, representing a margin of 12.6%, up +54 basis points compared to 2024. On a Like-for-Like basis, Current EBITDA was down -14% (margin down -115 basis points), reflecting competitive pressures, partially offset by disciplined cost management and a favorable product mix. Margin improvement was primarily driven by the contribution of IFF Pharma Solutions, consolidated since May 1st, 2025, strong performance in food specialties, continued execution of the Group’s competitiveness program and a favorable cost environment compared to the peak inflationary period of 2022–2023.

Reported net loss for 2025 amounted to €265 million, mainly reflecting the impact of non-recurring items, including the acquisition and integration costs related to IFF Pharma Solutions (€87 million) and impairment charges (€231 million). Excluding non-recurring items and associated taxes, adjusted net result stood at €70 million.

FREE CASH-FLOW GENERATION

Consolidated figures – full year
(in millions of euros)
2024 2025
Operating Cash-Flow 352 352
Variation in working capital requirement 157 212
Investments paid (234) (263)
Free Cash-Flow IFRS 275 301
IFF Pharma Solutions Acquisition – (2 403)
Free Cash-Flow IFRS (after acquisition) 275 (2 102)

Excluding the impact of the IFF Pharma Solutions acquisition, the Group generated positive free cash-flow of €301 million in 2025, supported in particular by solid operating cash-flow and a positive contribution from working capital requirement (WCR).

WCR remained broadly stable at 19.0% of sales in 2025, compared with 18.9% at year-end 2024. This evolution reflects higher sales following the integration of IFF Pharma Solutions and, to a lesser extent, higher inventory levels, which were contained thanks to proactive and efficient inventory management initiatives.

The Group maintained a strong focus on WCR management throughout the year, including the use of receivables factoring at year-end, which contributed approximately €128 million to free cash-flow generation in 2025. This measure helped to preserve financial flexibility and support the Group’s investment capacity.

Total investments amounted to €263 million in 2025, compared with €234 million in 2024, reflecting the Group’s continued commitment to innovation, industrial excellence and capacity expansion in higher-value segments, thereby supporting its long-term profitable growth potential.

PERFORMANCE BY BUSINESS UNIT

HEALTH & PHARMA SOLUTIONS – STRONG PERFORMANCE FROM NEW PRODUCT LINES MITIGATES MARKET PRESSURE

(in millions of euros) FY 24 FY 25 Var. (%) Var. LFL (%)
Sales 823 1 391 +69% -8%
Eliminations (int. sales) (13) (119)    
Current EBITDA 236 349 +48% -18%
Current EBITDA margin % 28.7% 25.1% -364bps -311bps

The full-year performance of the Health & Pharma Solutions Business Unit was primarily driven by the integration of IFF Pharma Solutions, which generated a positive perimeter effect, and by strong momentum across specialty excipient technologies, including cellulose, alginates and polymers. Polyox achieved record sales over the year, reflecting sustained demand in high-value applications.

The enlarged portfolio has significantly strengthened Roquette’s position as a global drug delivery partner, offering a comprehensive range of excipient technologies including starch, cellulose, alginates, and capsules, while further rebalancing the Group’s mix toward higher-value markets and products.

However, the business operated in a complex market environment marked by soft demand and destocking in the capsules segment, intense competition on polyols from Chinese players, particularly in Europe, and pricing pressure in selected product categories. Lower volumes in capsules were partially offset by variable cost improvement.

Despite these headwinds, the contribution of IFF Pharma Solutions and the resilience of high-value excipient technologies supported overall commercial and operating performance. The IFF Pharma Solutions acquisition nurtured profitability, confirming its strong strategic relevance and placing Roquette on a sustained value creation trajectory.

NUTRITION & BIOINDUSTRY – SPECIALTIES HOLDING UP AS COMMODITIES REACH CYCLICAL LOW

(in millions of euros) FY 24 FY 25 Var. (%) Var. LFL (%)
Sales 3 847 3 750 -3% -4%
Eliminations (int. sales) (277) (245)    
Current EBITDA    303    263 -13% -10%
Current EBITDA margin % 7.9% 7.0% -88bps -51bps

The Nutrition & Bioindustry Business Unit demonstrated resilience with strong performance in food specialties despite a particularly challenging market environment.

Commodity demand for starch and starch derivatives reached historically low levels in late 2025, reflecting structural overcapacity and subdued market conditions. Against this backdrop, Roquette continued to gain market share in starch and starch derivatives, particularly in Europe, while facing strong price pressure in Europe linked to the decline in sugar prices and intense competition in India.

The Food & Nutrition segment delivered strong performance, benefiting from higher demand across specialty applications, including proteins and fibers, especially in Europe, as well as increased unit prices and lower variable costs. As a result, specialty products delivered significant margin improvement within the Business Unit, partially offsetting persistent pressure in commodity segments.

BALANCE SHEET

(in millions of euros) FY 24 H1 25(a) FY 25
Financial debt IFRS 1,791 3,320 3,185
Cash & cash equivalents and financial investments 1,554     465 795
Net debt IFRS     237 2,854 2,390
Restated leverage ratio (Net debt IFRS / Combined Current EBITDA) (b) 0.44x 3.72x 3.48x
Gross debt towards financial institutions (cf. Appendix 5) 1,641 3,072 2,801

(a) Non-audited H1 25 consolidated accounts
(b) Combined Current EBITDA includes IFF Pharma Solutions estimated EBITDA over the last twelve months.

Acquisition-driven leverage, commitment to maintaining a strong investment-grade credit profile

Net financial debt amounted to €2,390 million at year-end 2025, compared with €2,854 million at half-year 2025. This decrease reflects the intra-year seasonality of working capital requirement and strong free cash-flow generation. The restated leverage ratio (Net debt IFRS / Combined Current EBITDA) improved to 3.48x, compared to 3.72x at the end of June 2025, demonstrating the initial effects of the IFF Pharma Solutions acquisition and disciplined financial management in the second half of the year.

Roquette has defined a clear deleveraging trajectory and targets a return to a leverage ratio between 2.3x and 2.7x by 2027, consistent with its commitment to maintaining a strong investment-grade credit profile (target BBB). Under the “Shift & Lead” strategic plan, the Group is committed to disciplined capital allocation and enhanced cash generation. The plan focuses on operational excellence and margin expansion, supporting a structural improvement in free cash-flow generation and progressive deleveraging.

Successful post-acquisition refinancing

The bridge financing put in place to fund the acquisition of IFF Pharma Solutions has been fully refinanced through the issue by the Group of two US Private Placements (USPP). In November 2025, Roquette issued a USD 450 million USPP with maturities ranging from 2032 to 2040. In December 2025, a second €200 million USPP was issued, with maturities ranging from 2032 to 2037. These transactions further diversified the Group’s investor base and funding sources across EUR and USD markets, while significantly extending its debt maturity profile.

The acquisition of IFF Pharma Solutions has been financed through a diversified and balanced combination of instruments, including:

  • A €0.6 billion hybrid Eurobond (accounted for 100% as equity under IFRS);
  • A €0.6 billion senior Eurobond, maturing in 2031;
  • Approximately €0.6 billion equivalent in EUR and USD US Private Placements (USPP), ultimately maturing in 2040;
  • Approximately €0.6 billion equivalent in EUR and USD amortizing term loans, maturing in 2029.

This successful refinancing demonstrates the Group’s continued access to capital markets following the acquisition and reflects investors’ confidence in Roquette’s credit fundamentals and long-term strategy.

Strong liquidity and balanced maturity profile

As of December 31st, 2025, gross financial debt amounted to €3.2 billion. The Group benefits from a well-balanced and staggered maturity profile, with an average debt maturity of 6.1 years and no material refinancing concentration in the short term. Available liquidity totaled €1,558 million at year-end, including €763 million of undrawn committed credit facilities, €795 billion of undrawn commercial paper programs and available cash. This solid liquidity position provides the Group with financial flexibility to support its operations, ongoing integration of IFF Pharma Solutions and future growth initiatives.

STRATEGY AND OUTLOOK

Roquette expects the current challenging market environment to continue. To sustain competitiveness, financial performance, and long-term value creation in these conditions, the company launched in January 2026 a comprehensive strategic company plan, by the name of ‘Shift & Lead’.

‘Shift & Lead’ builds on Roquette’s strong foundations as a diversified and resilient company, supported by family ownership and a long‑term vision, to strengthen operational excellence, innovation, financial discipline, and cash generation. This strategic plan aims to sustain growth and fully unlock the value of the company’s recent acquisitions, which enhance its leadership positions and open new pathways for profitable expansion.

Delivering this roadmap requires disciplined capital allocation and a robust financial structure. The Group remains committed to maintaining a strong investment-grade credit profile, ensuring continued access to financing to support investments in its people, industrial assets and innovation capabilities.

Supported by this solid plan and its diversified enlarged portfolio, Roquette enters 2026 with confidence in the resilience of its business model and the relevance of its strategic positioning to weather current challenges and emerge stronger.

The press release can be viewed on the Group’s website www.roquette.com.

Status of the accounts:
Audit procedures on the consolidated accounts are in progress.

About Roquette

Roquette is a global leader in sustainable plant-based solutions, driving innovation and strong partnerships that are shaping the future of nutrition, health, and bioindustry.

The company harnesses natural resources such as wheat, corn, seaweed, and cellulose to craft high-performance ingredients used in everyday foods, oral medications, advanced biopharmaceuticals, and a range of bio-based products.

A family-owned company with over 90 years of expertise and 11,000 employees, Roquette serves clients in over 150 countries and is committed to creating lasting value for customers, patients, consumers, and society.

Together, we turn the potential of nature into the essentials of life.

Discover more about Roquette here.

Press contacts:
Brunswick
Antoine Parison
+33 (0) 7 88 72 28 95
aparison@brunswickgroup.com

Roquette
Corporate Communications
Susannah Duquesne
Susannah.duquesne@roquette.com

Financial Communications
Cécile Masurel
cecile.masurel@roquette.com

DISCLAIMER – Certain statements contained in this press release may contain forecasts that specifically relate to future events, trends, plans or objectives. By nature, these forecasts involve identified and unidentified risks and uncertainties and may be affected by many factors likely to give rise to a significant discrepancy between the actual results and those indicated in these statements. The group does not undertake to publish an update or revision of these forecasts, or to communicate on new information, future events or any other special circumstance. The amounts presented in this presentation have been rounded to the nearest hundred/unit, which may result in slight discrepancies in totals. Thus, the financial data is provided for informational purposes only and may not exactly match the figures in the consolidated financial statements.

FINANCIAL INFORMATION – This press release and Roquette’s full regulated information are available on the Group’s website: Roquette website

GLOSSARY

To measure its performance, the Group uses certain financial indicators that are not defined by IFRS standards. These indicators are used in the operational monitoring of the Group’s activities and its financial communication (press releases, financial presentations, etc.).

Alternative performance indicators Definitions and reconciliation with IFRS indicators
Current EBITDA The Group is now focusing on Current EBITDA, in line with the calculation of financial leverage.
Current EBITDA corresponds to the Current operating income minus Amortizations and Depreciations aggregate in the consolidated income statement, excluding the IFRS 3 effect related to the inventory step-up due to the Purchase Price Allocation (“PPA”) in 2025.
This indicator includes, in particular, gains and losses on disposals of fixed assets, the impacts of insurance proceeds and investment grants, and excludes the effects of write-downs on current assets, which are part of the Current operating income.
Operating Cash-Flow Operating cash flow corresponds to the Cash-Flow generated by operating activities (from the consolidated cash flow statement), plus the change in net working capital, the unrealized financial result on operating receivables and payables, the “net impairment of current assets” (impacts the operating cash flow) and “other reconciling items”.
Free Cash-Flow Free Cash-Flow corresponds to cash flow after investments (from the cash flow statement derived from the consolidated accounts), to which is added the Change in other current assets (for Short-term investments mentioned in Note 16 “Current and non-current financial assets”, which are included in the aggregate “Net debt”), the change in other non-current assets (for long-term investments and receivables related to equity interests and loans mentioned in Note 16 “Current and non-current financial assets”, which are included in the aggregate “Net debt”), the change in the scope of the Qualicaps debt mentioned in Note 22. 2a for the 2023 financial year and “Other reconciliation items”.
Net debt Net debt corresponds, on the basis of the consolidated accounts, to non-current financial liabilities, current financial liabilities, minus cash and cash equivalents, as well as Other current assets (for Short-term investments mentioned in Note 16 “Current and non-current financial assets”, which are included in the aggregate “Net debt”) and Other non-current assets (for Long-term investments and Receivables related to investments and loans mentioned in Note 16 “Current and non-current financial assets”, which are included in the aggregate “Net debt”).

APPENDIX 1 – INCOME STATEMENT

(in thousand euros)   2024 2025
Turnover   4 494 743 4 876 525
Cost of goods sold and external charges   (3 180 538) (3 410 745)
Personnel costs   (754 888) (868 088)
Taxes   (28 363) (29 964)
Amortization and depreciation   (287 635) (355 483)
Other operating income   29 893 30 463
Other operating expenses   (20 984) (11 074)
Current operating income   252 228 231 633
Non-recurring items   (68 366) (320 850)
Operating income   183 862 (89 217)
Cost of net financial debt   (52 435) (90 511)
Other financial result and expenses   (12 396) (19 512)
Financial result   (64 830) (110 023)
Income from companies accounted for by the equity method   (5 086) (3 916)
Pre-tax profit   113 946 (203 157)
Income tax   (53 379) (62 139)
Net income   60 566 (265 296)
Profit or loss, Group share   59 556 (266 426)
Net income from non-controlling interests   1 010 1 130
Profit or loss (Group share) per share   20,27 (90,69)

APPENDIX 2 – COMPREHENSIVE INCOME STATEMENT

(in thousand euros)   2024 2025
Net income   60 566 (265 296)
Change in translation adjustments   37 701 (145 319)
Gains and losses on hedging derivatives   52 673 (80 014)
Tax impact   (11 568) 18 970
Items that may be reclassified subsequently to P&L   78 806 (206 363)
Revaluation of net liabilities (assets) of defined benefit plans   1 030 9 608
Tax impact   340 (2 477)
Items that may not be reclassified subsequently to P&L   1 370 7 131
Other comprehensive income, net of tax   80 176 (199 232)
Overall result   140 742 (464 528)
Including Group share   139 715 (465 636)
Including non-controlling interests   1 028 1 108

APPENDIX 3 – BALANCE SHEET

(in thousand euros)   2024 2025
Goodwill   281 567 1 019 792
Intangible fixed assets   280 715 1 223 042
Tangible fixed assets   2 373 499 2 492 243
Investments in associates   7 870 12 843
Non-current financial assets   71 352 74 637
Other non-current assets   37 592 38 686
Deferred taxes   76 748 56 015
Non-current assets   3 129 342 4 917 258
Inventories   835 580 1 081 963
Accounts receivable and similar accounts   631 571 670 868
Tax assets   23 549 11 595
Current financial assets   1 199 211 1 582
Other current assets   237 482 189 677
Cash and cash equivalents   309 214 765 876
Current assets   3 236 607 2 721 560
Total assets   6 365 949 7 638 818

    2024 2025
Share capital   8 813 8 813
Reserves   2 725 752 2 499 942
Net income   59 556 (266 426)
Own shares   (3 632) (3 573)
Hybrid bonds   603 314 628 294
Equity Group share   3 393 803 2 867 051
Equity non-controlling interests   5 699 8 978
Equity   3 399 502 2 876 029
Non-current financial debt   1 367 194 2 485 479
Non-current provisions   863 21 473
Non-current employee benefits   73 432 110 462
Other non-current liabilities   67 862 73 840
Deferred taxes   177 948 256 330
Non-current liabilities   1 687 299 2 947 584
Current financial debt   423 691 699 523
Current provisions   14 871 18 068
Current employee benefits   4 715 5 254
Accounts payable and similar accounts   448 652 625 286
Tax liability   9 802 29 001
Other current liabilities   377 416 438 073
Current liabilities   1 279 148 1 815 205
Total liabilities   6 365 949 7 638 818

APPENDIX 4 – CASH FLOW STATEMENT

(in thousand euros)   2024 2025
Net income   60 566 (265 296)
Amortization and depreciation (excluding current assets)   289 032 355 918
Impairment recognized in non-recurring items   – 231 108
Income taxes (current and deferred)   53 379 62 139
Other items   22 113 5 910
Gross cash flow   425 091 389 779
Change in net working capital requirement   150 649 217 206
Income tax paid   (61 013) (37 009)
Net cash flow from operating activities   514 727 569 976
Acquisition of consolidated companies, acquired cash flow deducted   5 848 (2 403 132)
Purchase of tangible and intangible assets   (261 430) (277 733)
Sales of fixed assets   1 466 20 714
Change in fixed assets suppliers   4 380 (4 884)
Financial investments   (1 222 670) 1 212 820
Impact of disposals   14 437 –
Net cash flow from investment activities   (1 457 969) (1 452 215)
Dividends paid to shareholders of the Group   (88 651) (53 630)
Dividends paid to minority interests   (469) (291)
Hybrid bonds (debt and coupons)   596 034 (8 286)
Proceeds from borrowings   758 845 1 854 435
Repayment of borrowings   (91 004) (941 963)
Net change in other debts   (97 410) 363 554
Net cash flow from financing activities   1 077 344 1 213 820
Impact of foreign currency exchange rate fluctuations   17 205 26 080
Change in cash flow   151 307 357 661
Change in cash flow   151 307 357 661
Opening cash balance   156 351 307 658
Closing cash balance   307 658 665 319
Including bank loans   (1 556) (100 557)
Including cash and cash equivalents   309 214 765 876

APPENDIX 5 – GROSS DEBT TOWARDS FINANCIAL INSTITUTIONS

This aggregate excludes bank loans, loan issue fees, lease debts and accrued interest, and therefore reflects nominal amounts of indebtedness to financial institutions (banks and investors).

(in thousand euros)

 

   
2024 2025
Bond loans 900 1 483
Term loan Qualicaps 410 360
Term Loan IFF EUR 0 275
Term Loan IFF USD 0 298
RCF drawn 184 16
Short-term bank overdraft drawn 45 0
Other bank loans 12 10
Bank loans 651 958
Negociable debt securities 90 360
Debts to financial institutions 1 641 2 801
Accrued interest 9 13
Transactional fees -8 -9
Bank overdrafts 2 101
Current rent debt (IFRS 16) 138 168
Other financial debt 10 111
Financial debt 1 791 3 185


1 Like-For-Like basis excludes exchange rates impact and perimeter variation.
2 The definition of the alternative performance indicators is provided in the appendices of this press release.

PolyPeptide strengthens financing structure through expansion of existing credit facility

PolyPeptide Group

/ Key word(s): Financing

PolyPeptide strengthens financing structure through expansion of existing credit facility

19.03.2026 / 07:00 CET/CEST


Media release

PolyPeptide strengthens financing structure through expansion of existing credit facility

Baar, 19 March 2026 – PolyPeptide Group AG (SIX: PPGN), a specialized global CDMO for peptide-based active pharmaceutical ingredients, today announced the strengthening of its financing structure through the expansion of its existing credit facility. 

PolyPeptide has expanded its existing credit facility to EUR 200 million, reinforcing its financing position. UBS continues to act as coordinator and agent of the lending syndicate, which now includes ING Bank in addition to Danske Bank and Zürcher Kantonalbank.

The expanded facility further enhances PolyPeptide’s financial flexibility as the Group advances toward its strategic objective of doubling 2023 revenue by 2028, supported by expected improvements in profitability and cash flow as well as continued customer funding for major capacity‑expansion projects. 

Juan Jose Gonzalez, CEO of PolyPeptide: “The expansion of our credit facility and the addition of ING Bank to our lending syndicate reinforce the confidence our banking partners have in PolyPeptide’s strategy and long‑term growth potential. With this increased financing capacity, we are well positioned to advance toward our ambition of doubling 2023 revenue by 2028 and to continue our growth journey from a position of solid financial strength.”

 

Contact

PolyPeptide Group AG
Corporate Communications
Lauren Starr
mediateam@polypeptide.com
T: +41 43 502 0580

PolyPeptide Group AG
Investor Relations
Tim Brandl
investorrelations@polypeptide.com
T: +41 43 502 0580 
 

About PolyPeptide

PolyPeptide Group AG and its consolidated subsidiaries (“PolyPeptide”) is a specialized Contract Development & Manufacturing Organization (CDMO) for peptide-based active pharmaceutical ingredients. By supporting its customers mainly in pharma and biotech, it contributes to the health of millions of patients across the world. PolyPeptide serves a fast-growing market, offering products and services from pre-clinical to commercial stages. Its broad portfolio reflects the opportunities in drug therapies across areas and with significant exposure to metabolic diseases, including GLP-1. Dating back to 1952, PolyPeptide today runs a global network of six GMP-certified facilities in Europe, the U.S. and India. PolyPeptide’s shares (SIX: PPGN) are listed on SIX Swiss Exchange. For more information, please visit polypeptide.com.  

@PolyPeptide — follow us on LinkedIn.

 

Disclaimer

This media release has been prepared by PolyPeptide Group AG and contains certain forward-looking statements that reflect the current views of management. Such statements are subject to known and unknown risks, uncertainties and other factors that may cause actual developments to differ materially from those expressed or implied in this release. PolyPeptide Group AG is providing the information in this release as of this date and, except as required by applicable laws or regulations, does not undertake any obligation to update any statements contained in it as a result of new information, future events or otherwise.


Additional features:

File: PolyPeptide Media release_Expansion RCF


End of Media Release


Language: English
Company: PolyPeptide Group
Neuhofstrasse 24
6340 Baar
Switzerland
Phone: +41435020580
E-mail: mediateam@polypeptide.com
Internet: www.polypeptide.com
ISIN: CH1110760852
Valor: 111076085
Listed: SIX Swiss Exchange
EQS News ID: 2293854

 
End of News EQS News Service

2293854  19.03.2026 CET/CEST

DocMorris and Google partner to advance one of Europe’s leading AI-powered digital health platform

DocMorris AG

/ Key word(s): Partnership

DocMorris and Google partner to advance one of Europe’s leading AI-powered digital health platform

19.03.2026 / 07:00 CET/CEST


Frauenfeld, 19 March 2026

Press release

DocMorris and Google partner to advance one of Europe’s leading AI-powered digital health platform

Today, DocMorris and Google announced a partnership to accelerate DocMorris’ AI-first transformation. Under this initiative, DocMorris will utilise Google’s cutting-edge AI capabilities and secure cloud infrastructure to advance its own next-generation digital health platform, combining its deep healthcare and pharmaceutical expertise with Google’s most advanced technologies.

Transforming the patient journey through AI
The partnership will deliver seamlessly connected, AI-driven patient services for DocMorris’ customers. Key initiatives include:

  • AI health companion: A personalised digital health companion using Gemini models and Google products such as YouTube and Health Connect to support patients and consumers from symptom onset to e-prescription redemption offering and end-to-end support and assistance.
  • AI-enhanced online pharmacy: Deploying conversational AI to provide intuitive, personalised shopping experiences for DocMorris’ 11 million active customers.
  • Enterprise productivity: Implementing Google Workspace with Gemini and agentic AI to enhance operational efficiency across DocMorris’ European markets.
  • Cloud and data security: Migrating DocMorris’ entire infrastructure to Google Cloud, ensuring personal health data is processed within EU data centers and meets leading security standards.

“At its core, our transformation is all about the patient. By leveraging Google’s world-class AI infrastructure and security standards, we are empowering individuals with direct, secure access to their own health journey through a personalised and intuitive experience,” said Walter Hess, CEO of DocMorris. “We have intentionally chosen Google as our partner because they enable us to maintain full digital sovereignty while meeting the highest requirements for data privacy and security. Entrusting our data to Google Cloud ensures that our innovation is built on a foundation that is not only cutting-edge but also strictly compliant with the rigorous standards our customers expect in healthcare.”

Philipp Justus, Vice President, Google Central Europe, commented on the partnership: “AI is a powerful tool for transformation, and we are excited to support DocMorris on its journey to becoming an AI-first healthcare leader. By leveraging Google products and services including Google Cloud, our Gemini models, Google Ads and Google for Health, DocMorris is setting a new standard for a digital health ecosystem that is personalised, efficient, and secure. We look forward to redefining the future of healthcare together.”

The partnership represents a unique synergy between several teams including Google Ads, Google Cloud, and Google for Health.

 

Investors and analyst contact
Moritz Stahlhut, Investor Relations Manager
Email: ir@docmorris.com, phone: +41 52 560 58 10

Media contact
Torben Bonnke, Director Communications
Email: media@docmorris.com, phone: +49 171 864 888 1

Agenda

19 March 2026 2025 Full-year results and outlook 2026 (Zurich / hybrid)
16 April 2026 Q1/2026 Trading update
12 May 2026 Annual General Meeting, Zurich
19 August 2026 2026 Half-year results (conference call/webcast)
15 October 2026 Q3/2026 Trading update

DocMorris
The Swiss-based DocMorris AG is a leading company in the fields of online pharmacy, telemedicine and marketplace with strong brands in Germany and other European countries. Deliveries are mainly from the highly automated logistics centre in Heerlen, the Netherlands. TeleClinic is Germany’s largest telemedicine platform, connecting patients with more than 6,000 doctors. DocMorris operates leading marketplaces for health and personal care products in Southern Europe. With its broad range of products and services, DocMorris is pursuing its vision of becoming the leading digital health companion for everyone to manage their health in one click. Around 1,600 employees in Germany, the Netherlands, Spain, France, Portugal and Switzerland generated an external revenue of CHF 1,186 million serving over 12 million active customers in 2025. The shares of DocMorris AG are listed on the SIX Swiss Exchange (securities number 4261528, ISIN CH0042615283, ticker DOCM). For further information, please visit corporate.docmorris.com.

 

 


End of Media Release


Language: English
Company: DocMorris AG
Walzmühlestrasse 49
8500 Frauenfeld
Switzerland
ISIN: CH0042615283
Listed: SIX Swiss Exchange
EQS News ID: 2293996

 
End of News EQS News Service

2293996  19.03.2026 CET/CEST

MindMaze Therapeutics Announces Initiation of Coverage by Baader Bank 

MindMaze Therapeutics Holding SA

/ Key word(s): Miscellaneous

MindMaze Therapeutics Announces Initiation of Coverage by Baader Bank 

19.03.2026 / 07:00 CET/CEST


MindMaze Therapeutics Announces Initiation of Coverage by Baader Bank 

Geneva, Switzerland – March 19, 2026 – MindMaze Therapeutics Holding SA (SIX: MMTX) (the Company), a global leader in brain technology and precision neurotherapeutics, today announced that Baader Bank has initiated equity research coverage on the Company’s shares.

Baader Bank has initiated coverage with a Buy recommendation and a target price of CHF 1.80 per share. This new coverage complements the existing research coverage provided by Edison Group, which currently values the Company at CHF 3.56 per share.

About MindMaze Therapeutics
MindMaze Therapeutics (SIX: MMTX) is a global leader in brain technology, dedicated to redefining the recovery trajectory for patients with neurological platform-based digital treatments. By integrating advanced software, proprietary sensors, and AI-driven data analytics, MindMaze Therapeutics provides a seamless continuum of care from the acute hospital phase to outpatient treatment to the home-based therapy. The Company’s FDA-cleared and CE-marked neurotherapeutics are designed to address the systemic shortage of specialized clinicians, offering scalable, reimbursable solutions for stroke, Parkinson’s disease, and other brain disorders. With a commitment to rigorous clinical validation and a robust R&D pipeline, MindMaze Therapeutics is operationalizing the future of neurorestorative medicine.

For more information, visit www.mindmazetherapeutics.com.

Media & Investor Contacts
Investor Relations:

Jeremy Meinen, Chief Financial Officer
ir@mindmazetherapeutics.com
Media Inquiries:
VSC for MindMaze Therapeutics
mindmazetherapeutics@vsc.com

DISCLAIMER
This press release contains forward-looking statements, which may be identified by words such as “believe,” “assume,” “expect,” “intend,” “may,” “could,” “will,” or similar expressions. These statements are based on current plans and assumptions and are subject to risks and uncertainties that could cause actual results, financial condition, performance, or achievements to differ materially from those expressed or implied. Such factors include, among others, business, economic, financial, regulatory, and competitive factors, as well as the Company’s ability to execute its strategy. This communication is provided as of the date hereof, and MindMaze Therapeutics undertakes no obligation to update any forward-looking statements contained herein as a result of new information, future events or otherwise.


Additional features:

File: Press release_MindMaze_Coverage Initiation Baader


End of Media Release


Language: English
Company: MindMaze Therapeutics Holding SA
Avenue de Secheron 15
1202 Geneva
Switzerland
Phone: +41 22 545 11 16
Fax: +41 22 545 11 17
E-mail: contact@relieftherapeutics.com
Internet: www.mindmazetherapeutics.com
ISIN: CH1251125998
Listed: SIX Swiss Exchange
EQS News ID: 2293948

 
End of News EQS News Service

2293948  19.03.2026 CET/CEST

Newron announces agreement with the European Investment Bank (EIB) to extend the near-term tranche repayment dates of its 2018 Finance Contract

Newron Pharmaceuticals S.p.A.

/ Key word(s): Financing/Agreement

Newron announces agreement with the European Investment Bank (EIB) to extend the near-term tranche repayment dates of its 2018 Finance Contract

19.03.2026 / 07:00 CET/CEST

The issuer is solely responsible for the content of this announcement.


Newron announces agreement with the European Investment Bank (EIB) to extend the near-term tranche repayment dates of its 2018 Finance Contract

Parties agreed to extend the maturity date of all outstanding tranches under the Finance Contract to June 28, 2028

Amendments subject to execution of definitive agreements

Milan, Italy, and Morristown, NJ, USA, March 19, 2026, 07:00 am CET – Newron Pharmaceuticals S.p.A. (“Newron”) (SIX: NWRN, XETRA: NP5), a biopharmaceutical company focused on the development of novel therapies for patients with diseases of the central and peripheral nervous system (CNS), today reported that EIB and Newron have agreed to amend certain terms of the 2018 Finance Contract and Options Rights Agreement, as previously amended in 2024.

In particular, the parties agreed to extend the maturity date of all outstanding tranches under the Finance Contract to June 28, 2028. The agreement contains further terms and conditions. The agreed amendments are subject to execution by the parties of definitive agreements. Details of the 2018 Finance Contract, as amended in 2024, can be found in Newron’s 2024 Annual Report, which is posted on the Company’s website here.

Roberto Galli, Newron’s CFO, commented: “We appreciate the support of the EIB in helping us align the contractual obligations of our loan agreement to the potential timing of certain upcoming significant value inflection points presented by our lead drug candidate evenamide, which is currently developed in the global pivotal ENIGMA-TRS Phase III program for the treatment of patients suffering from treatment-resistant schizophrenia.”
 

About Newron Pharmaceuticals
Newron (SIX: NWRN, XETRA: NP5) is a biopharmaceutical company focused on the development of innovative therapies for patients with diseases of the central and peripheral nervous system. Headquartered in Bresso near Milan, Italy, the Company has a strong track record of advancing neuroscience-based treatments from discovery to market. Newron’s lead compound, evenamide, is a first-in-class glutamate modulator and has the potential to be the first add-on therapy for treatment-resistant schizophrenia (TRS) and for poorly responding patients with schizophrenia. Evenamide is currently developed in the global pivotal ENIGMA-TRS Phase III development program. Clinical trial results to date demonstrate the benefits of this drug candidate in the TRS as well as poorly responding patient population, with significant improvements across key efficacy measures increasing over time, as well as a favorable safety profile, which is uncommon for available antipsychotic medications. Newron has signed development and commercialization agreements for evenamide with EA Pharma (a subsidiary of Eisai) for Japan and other Asian territories, as well as Myung In Pharm for South Korea. Newron’s first marketed product, Xadago®/safinamide has received marketing authorization for the treatment of Parkinson’s disease in the European Union, Switzerland, the UK, the USA, Australia, Canada, Latin America, Israel, the United Arab Emirates, Japan and South Korea. The product is commercialized by Newron’s partner Zambon, with Supernus Pharmaceuticals holding marketing rights in the U.S., and Meiji Seika responsible for development and commercialization in Japan and other key Asian territories. For more information, please visit: www.newron.com

For more information, please contact:

Newron
Stefan Weber – CEO; +39 02 6103 46 26, pr@newron.com

UK/Europe
Simon Conway / Ciara Martin / Natalie Garland-Collins, FTI Consulting; +44 20 3727 1000, SCnewron@fticonsulting.com  

Switzerland
Valentin Handschin, IRF; +41 43 244 81 54, handschin@irf-reputation.ch

Germany/Europe
Anne Hennecke / Maximilian Schur, MC Services; +49 211 52925227, newron@mc-services.eu

USA
Paul Sagan, LaVoieHealthScience; +1 617 865 0041, psagan@lavoiehealthscience.com
 

Important Notices
This document contains forward-looking statements, including (without limitation) about (1) Newron’s ability to develop and expand its business, successfully complete development of its current product candidates, the timing of commencement of various clinical trials and receipt of data and current and future collaborations for the development and commercialization of its product candidates, (2) the market for drugs to treat CNS diseases and pain conditions, (3) Newron’s financial resources, and (4) assumptions underlying any such statements. In some cases, these statements and assumptions can be identified by the fact that they use words such as “will”, “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, “target”, and other words and terms of similar meaning. All statements, other than historical facts, contained herein regarding Newron’s strategy, goals, plans, future financial position, projected revenues and costs and prospects are forward-looking statements. By their very nature, such statements and assumptions involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described, assumed or implied therein will not be achieved. Future events and actual results could differ materially from those set out in, contemplated by or underlying the forward-looking statements due to a number of important factors. These factors include (without limitation) (1) uncertainties in the discovery, development or marketing of products, including without limitation difficulties in enrolling clinical trials, negative results of clinical trials or research projects or unexpected side effects, (2) delay or inability in obtaining regulatory approvals or bringing products to market, (3) future market acceptance of products, (4) loss of or inability to obtain adequate protection for intellectual property rights, (5) inability to raise additional funds, (6) success of existing and entry into future collaborations and licensing agreements, (7) litigation, (8) loss of key executive or other employees, (9) adverse publicity and news coverage, and (10) competition, regulatory, legislative and judicial developments or changes in market and/or overall economic conditions. Newron may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements and assumptions underlying any such statements may prove wrong. Investors should therefore not place undue reliance on them. There can be no assurance that actual results of Newron’s research programs, development activities, commercialization plans, collaborations and operations will not differ materially from the expectations set out in such forward-looking statements or underlying assumptions. Newron does not undertake any obligation to publicly update or revise forward-looking statements except as may be required by applicable regulations of the SIX Swiss Exchange or the Dusseldorf Stock Exchange where the shares of Newron are listed. This document does not contain or constitute an offer or invitation to purchase or subscribe for any securities of Newron and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.


19.03.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.


Language: English
Company: Newron Pharmaceuticals S.p.A.
via Antonio Meucci 3
20091 Bresso
Italy
Phone: +39 02 610 3461
Fax: +39 02 610 34654
E-mail: pr@newron.com
Internet: www.newron.com
ISIN: IT0004147952
WKN: A0LF18
Listed: Regulated Unofficial Market in Dusseldorf (Primärmarkt); SIX
EQS News ID: 2294008

 
End of News EQS News Service

2294008  19.03.2026 CET/CEST

DocMorris achieves 2025 targets – focus on profitability, growth and expansion of digital health platform

DocMorris AG / Key word(s): Annual Results

DocMorris achieves 2025 targets – focus on profitability, growth and expansion of digital health platform

19-March-2026 / 06:58 CET/CEST

Release of an ad hoc announcement pursuant to Art. 53 LR

The issuer is solely responsible for the content of this announcement.


Frauenfeld, 19 March 2026

Press release
Ad hoc announcement pursuant to Art. 53 LR

DocMorris achieves 2025 targets – focus on profitability, growth and expansion of digital health platform

  • Revenue and earnings targets for 2025 met with growth across all business units
  • Continued structural EBITDA improvement in the second half of 2025
  • Cash and cash equivalents of CHF 160 million
  • Partnership with Google to accelerate the implementation of the “AI First” platform strategy
  • Closure of the logistics site in Ludwigshafen and integration into Heerlen
  • Outlook: Management reaffirms EBITDA breakeven in the course of 2026

CEO Walter Hess says: “In the 2025 financial year, we deliberately concentrated on qualitative growth, increasing our operational efficiency, and technological differentiation. The evolution from a transaction-oriented online pharmacy business to a digital, AI-powered health platform is being further accelerated by our partnership with Google. With our AI health companion and the use of Gemini models as well as Google for Health assets, we can increase customer loyalty and address their health needs in a more personalised way. This solidifies our role as a driver of innovation and reinforces the technological foundation for sustainable profitability.”

CFO Daniel Wüest adds: “We achieved our revenue and earnings targets for 2025 and have a strong liquidity position. Particularly pleasing is the continuous structural improvement of our EBITDA in recent months, driven among other factors by the increase in marketing efficiency to support healthy Rx growth. We remain committed to our clear objective of reaching EBITDA break-even in the course of 2026 and positive free cash flow in the course of 2027.”

Structural earnings improvement in 2025

  • External revenue[1] increased by 11.1 per cent in local currency to CHF 1,185.7 million. Consolidated revenue rose by 12.4 per cent in local currency to CHF 1,124.5 million.
  • All segments and business units contributed to the revenue growth.
  • Despite additional marketing expenses of over CHF 11 million for Rx in the first three quarters, adjusted EBITDA improved slightly from minus CHF 48.6 million to minus CHF 48.2 million, with a continuous structural improvement throughout the year. Simultaneously, the gross margin increased by 0.9 percentage points to 22.2 per cent.
  • The number of active customers rose to 12.2 million in 2025, including an increase from 10.3 million to 11.0 million in the online pharmacy[2] and from 0.9 million to 1.2 million at TeleClinic.

Segment Germany grows double-digit

  • External revenue in the segment Germany grew by 11.7 per cent in local currency to CHF 1,122.5 million.
  • The significant revenue drivers were Rx and Digital Services.
  • Rx rose by 33.2 per cent in local currency, representing a 1.8-fold increase compared to the period before the CardLink introduction in April 2024.
  • The OTC business grew by 4.8 per cent in local currency – despite the discontinuation of the Zur Rose brand in Germany at the end of 2024.
  • Revenue with the core brand DocMorris increased disproportionately by more than 20 per cent.
  • Digital Services, including TeleClinic, Retail Media, and Marketplace, achieved a significant positive earnings contribution with revenue growth of 110 per cent in local currency.
  • Adjusted EBITDA in the segment Germany improved to minus CHF 46.3 million (previous year: minus CHF 47.2 million).
  • In 2026, growth in local currency of around 20 per cent for Rx, in the mid-single-digit percentage range for OTC, and in the mid-double-digit percentage range for Digital Services is targeted.

TeleClinic achieves dynamic, profitable growth

  • As Germany’s leading telemedicine platform, TeleClinic also recorded dynamic growth in 2025 with an increase of 124 per cent in local currency to CHF 25 million.
  • Over 6,500 established doctors in Germany use the platform. To date, over 4 million treatments have been carried out – 2 million of which were in 2025 alone, representing an increase of over 50 per cent compared to the previous year.
  • Given a telemedicine market penetration in Germany of still under 0.5 per cent, there remains substantial growth potential.
  • For 2026, revenue growth in the mid-double-digit percentage range and an increase in the EBITDA margin are expected for TeleClinic.

Successful Retail Media

  • With its subsidiary dmr Advertising, DocMorris has established itself as the leading healthcare retail media platform.
  • In 2025, the retail media business recorded revenue in the double-digit million range with a high EBITDA margin.
  • DocMorris expects continued strong, profitable growth dynamics for the coming years.

Focus on profitability and growth in the segment Europe

  • DocMorris increased its revenue in the Southern European marketplace business by 1.7 per cent in local currency to CHF 63.1 million.
  • Despite an increase in gross margin of 0.4 percentage points, adjusted EBITDA amounted to minus CHF 1.9 million.
  • Marketing mix was further optimised, and direct procurement for more than 950 brands on the platform was consolidated.

Partnership with Google to accelerate the implementation of the “AI First” platform strategy

  • DocMorris is accelerating the expansion of its AI-powered health platform through the partnership with Google (cf. press releases from DocMorris and Google dated 19 March 2026).
  • The partnership focuses on four core areas: AI health companion, AI-enhanced online pharmacy, operational efficiency, as well as cloud and data security.
  • In doing so, DocMorris is setting new standards for the patient journey and significantly enhancing operational performance.

Digital health and AI expert Angeli Möller joins DocMorris

  • David Masó, who has been with DocMorris since 2018 and most recently served as Chief AI Health Officer, is leaving the company in April 2026 to pursue a new professional challenge. The Board of Directors and the Executive Committee thank him sincerely for his many years of valuable contribution. The Executive Committee will be reduced from six to five members.
  • His duties will be assumed by Dr Angeli Möller as Chief Digital Health Officer and member of the extended Executive Committee. The PhD molecular biologist and AI expert brings extensive leadership experience from Roche and Bayer and is a co-founder of the “Alliance for Artificial Intelligence in Healthcare”.

Closure of Ludwigshafen site

  • DocMorris will close the Ludwigshafen site by the end of June 2026. Logistics will be integrated into the highly automated facility in Heerlen.
  • This relocation will increase efficiency, leading to a sustainable annual EBITDA improvement of over EUR 2 million from 2027 onwards.
  • The closure will result in one-off, extraordinary costs of EUR 3-4 million in 2026.
  • DocMorris is voluntarily making individual redundancy offers to the approximately 100 employees affected by the closure.

CO2e emissions reduced by 49 per cent

  • In 2025, DocMorris reduced CO2e emissions by 49 per cent (Scopes 1 and 2) through several measures.
  • Since 2022 (base year), the total CO2e reduction amounts to 87.5 per cent, meaning the medium-term target of 85 per cent by 2030 has already been exceeded.
  • Further measures to reduce CO2e emissions until Net Zero is achieved are planned (see TCFD report in the annual report).

Outlook

  • DocMorris has started according to plan into the new financial year.
  • Management reaffirms the EBITDA break-even in the course of 2026 and the free cash flow break-even in the course of 2027, as communicated last year.
  • Against this background, DocMorris provides the following guidance for 2026:
    • External revenue growth in the mid-single-digit to low teens percentage range;
    • Adjusted EBITDA of minus CHF 10 million to minus CHF 25 million;
    • Capital expenditure of around CHF 30 million.
  • Medium-term targets:
    • External revenue growth rate of around 15 per cent[3] (previously 20 per cent);
    • Capital expenditure of around CHF 30 million per year (previously around CHF 35 million);
    • EBITDA margin of around 8 per cent (as before).

The annual report published today, including the integrated sustainability report, can be downloaded here.

 

Key financials, in million CHF 2025 2024
External revenue) 1,185.7 1,085.0
Year-on-year-change of external revenue in % in local currency 11.1% 6.7%
Year-on-year change of external revenue in % 9.3% 4.6%
Net revenue 1,124.5 1,017.0
Year-on-year change of net revenue in % 10.6% 4.9%
Gross margin in % of net revenue 22.2% 21.3%
 
Earnings before interest, taxes, depreciation and amortisation adjusted (EBITDA adjusted)
-48.2 -48.6
in % of net revenue -4.3% -4.8%
Earnings before interest, taxes, depreciation and amortisation (EBITDA) -49.8 -43.9
in % of net revenue -4.4% -4.3%
Earnings before interest and taxes (EBIT) -96.9 -89.8
in % of net revenue -8.6% -8.8%
Net income / (loss) -134.4 -97.3
in % of net revenue -12.0% -9.6%
Equity 409.1 340.1
in % of total assets 49.6% 43.7%
Capital expenditure 27.3 28.6
Cash and cash equivalents (including current financial assets) 159.5 95.4
Number of employees in full-time equivalents 1’418 1’454

 

Conference call for analysts and the media at 11 am
Speakers: Walter Hess (CEO) and Daniel Wüest (CFO)

To register for the conference call, please use this link:
https://webcast.meetyoo.de/reg/oG1Cfib5tEMM
After registration, participants will receive a confirmation e-mail with personal dial-in details.
Please dial in approx. 5 minutes before the conference call begins.

To follow the livestream, please use this link:
https://www.webcast-eqs.com/docmorris-2025-fy
Sound and presentation in the web browser. Participants on the phone please mute the browser sound.
The playback can be viewed after the conference under the same link.

 

Investors and analyst contact
Moritz Stahlhut, Investor Relations Manager
Email: ir@docmorris.com, phone: +41 52 560 58 10

Media contact
Torben Bonnke, Director Communications
Email: media@docmorris.com, phone: +49 171 864 888 1

Agenda

16 April 2026 Q1/2026 Trading update
12 May 2026 Annual General Meeting, Zurich
19 August 2026 2026 Half-year results (conference call/webcast)
15 October 2026 Q3/2026 Trading update
4th quarter 2026 Capital Markets Day

 

DocMorris
The Swiss-based DocMorris AG is a leading company in the fields of online pharmacy, telemedicine and marketplace with strong brands in Germany and other European countries. Deliveries are mainly from the highly automated logistics centre in Heerlen, the Netherlands. TeleClinic is Germany’s largest telemedicine platform, connecting patients with more than 6,000 doctors. DocMorris operates leading marketplaces for health and personal care products in Southern Europe. With its broad range of products and services, DocMorris is pursuing its vision of becoming the leading digital health companion for everyone to manage their health in one click. Around 1,600 employees in Germany, the Netherlands, Spain, France, Portugal and Switzerland generated an external revenue of CHF 1,186 million serving over 12 million active customers in 2025. The shares of DocMorris AG are listed on the SIX Swiss Exchange (securities number 4261528, ISIN CH0042615283, ticker DOCM). For further information, please visit corporate.docmorris.com.
 

Disclaimer
This announcement contains certain forward-looking statements about DocMorris AG and its business, either explicitly or implicitly. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results, financial position, performance or achievements of DocMorris AG to differ materially from the future results, performance or achievements expressed or implied by such forward-looking statements. DocMorris AG is making this announcement available as of today’s date and undertakes no obligation to update the forward-looking statements contained herein as a result of new information, future events or for any other reason.

 

[1] External revenue consists of the consolidated revenue of DocMorris plus online revenues of pharmacies supplied by DocMorris, less the consolidated revenue from supplying them.

[2] Customers supplied by DocMorris, either directly or through its partners.

[3] Back-end loaded due to increasing relative weight of Rx and Digital Services


End of Inside Information


Language: English
Company: DocMorris AG
Walzmühlestrasse 49
8500 Frauenfeld
Switzerland
ISIN: CH0042615283
Listed: SIX Swiss Exchange
EQS News ID: 2294036

 
End of Announcement EQS News Service

2294036  19-March-2026 CET/CEST

Innate Pharma Announces Conference Call and Webcast for Full Year 2025 Financial Results

Innate Pharma Announces Conference Call and Webcast for Full Year 2025 Financial Results




Innate Pharma Announces Conference Call and Webcast for Full Year 2025 Financial Results

MARSEILLE, France–(BUSINESS WIRE)–#Biotech–Regulatory News:


Innate Pharma SA (Euronext Paris: IPH; Nasdaq: IPHA) (“Innate” or the “Company”), today announces that the Company will hold a conference call on Thursday, March 26, 2026 at 2 p.m. CET / 9 a.m. EDT, following the release of its financial results for the full year ending December 31, 2025.

Participants during the call will be:

  • Jonathan Dickinson, Chief Executive Officer
  • Sonia Quaratino, Executive Vice President, Chief Medical Officer
  • Yannis Morel, Executive Vice President, Chief Operating Officer
  • Stéphanie Cornen, Vice President, Investor Relations, Communication and Commercial Strategy
  • Frédéric Lombard, Senior Vice President, Chief Financial Officer

Details for the Virtual Event

The live webcast will be available at the following link:

https://events.q4inc.com/attendee/704730270

Participants may also join via telephone using the following registration link: https://events.q4inc.com/analyst/704730270?pwd=usHLLD39

This information can also be found on the Investors section of the Innate Pharma website, www.innate-pharma.com. A replay of the webcast will be available on the Company website for 90 days following the event.

About Innate Pharma

Innate Pharma S.A. is a global, clinical-stage biotechnology company developing immunotherapies for cancer patients. Leveraging its expertise on antibody-engineering and innovative target identification, Innate Pharma is developing innovative and differentiated next-generation antibody therapeutics.

Innate Pharma is advancing a portfolio of differentiated potential first and/or best-in-class assets, focused on areas of high unmet medical need, including IPH4502, a differentiated Nectin-4 ADC developed in solid tumors, lacutamab, an anti-KIR3DL2 antibody developed in cutaneous T cell lymphomas and peripheral T cell lymphomas, and monalizumab, an anti-NKG2A antibody developed in collaboration with AstraZeneca in non-small cell lung cancer.

Innate Pharma has established collaborations with leading biopharmaceutical companies, including Sanofi and AstraZeneca, as well as renowned academic and research institutions, to advance innovation in immuno-oncology.

Headquartered in Marseille, France with a US office in Rockville, MD, Innate Pharma is listed on Euronext Paris and Nasdaq in the US.

Learn more about Innate Pharma at www.innate-pharma.com and follow us on LinkedIn and X.

Information about Innate Pharma shares

ISIN code
Ticker code
LEI

FR0010331421

Euronext: IPH Nasdaq: IPHA

9695002Y8420ZB8HJE29

Disclaimer on forward-looking information and risk factors

For a discussion of risks and uncertainties, please refer to the Risk Factors (“Facteurs de Risque”) section of the Universal Registration Document filed with the French Financial Markets Authority (“AMF”), which is available on the AMF website http://www.amf-france.org or on Innate Pharma’s website, and public filings and reports filed with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 20-F for the year ended December 31, 2024, and subsequent filings and reports filed with the AMF or SEC, or otherwise made public by the Company. References to the Company’s website and the AMF website are included for information only and the content contained therein, or that can be accessed through them, are not incorporated by reference into, and do not constitute a part of, this press release.

This press release and the information contained herein do not constitute an offer to sell or a solicitation of an offer to buy or subscribe to shares in Innate Pharma in any country.

Contacts

For additional information, please contact:
Investors & Media Relations
Innate Pharma
Stéphanie Cornen

stephanie.cornen@innate-pharma.fr

Investor Relations
investors@innate-pharma.fr

Media
communication@innate-pharma.fr