PolyPeptide delivers strong revenue growth and marked improvement in profitability

PolyPeptide Group / Key word(s): Annual Results

PolyPeptide delivers strong revenue growth and marked improvement in profitability

12-March-2026 / 06:30 CET/CEST

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

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


Media release – ad hoc announcement pursuant to Art. 53 LR

PolyPeptide delivers strong revenue growth and marked improvement in profitability

Baar, 12 March 2026 – PolyPeptide Group AG (SIX: PPGN), a specialized global CDMO for peptide-based active pharmaceutical ingredients, today announced its annual results for 2025 and guidance for 2026:

  • Revenue of EUR 389.3 million, representing growth of 15.6% versus prior year; at constant currency rates, growth was slightly higher at 16.0%
  • EBITDA of EUR 46.8 million versus EUR 25.4 million in 2024 (+84.4%) with margin increase of 4.5 percentage points to 12.0% versus 7.5% in 2024, primarily reflecting higher production volumes, improved operational performance and product mix
  • Net cash flows from operating activities of EUR 77.5 million versus EUR 89.4 million in 2024, driven by increased profitability and preparations for future growth with customer support
  • Capital expenditures of EUR 110.0 million, 28.2% of revenue, versus EUR 87.8 million and 26.1% of revenue in 2024, reflecting investments across PolyPeptide’s global manufacturing site network to meet strong customer demand
  • The ramp-up of the new large-scale SPPS facility in Belgium was successfully completed in 2025, achieving target utilization rate at year-end
  • PolyPeptide remains well positioned to meet its mid-term outlook to double revenue reported for 2023 by 2028, with the EBITDA margin expected to approach 25% by 2028, and capital expenditures of 15% to 20% of revenue over the mid-term horizon and on average to ensure capacity also beyond 2028
  • Guidance 2026: Revenue growth of 20% to 25% versus 2025, at constant currency rates. EBITDA margin expected to continue to rise, reaching mid- to high-teens. Capital expenditures expected to be in line with the mid-term outlook of 15% to 20% of revenue
  • The audio webcast and conference call will take place today at 9:00 am CET (for access details, please see page 5)

Juan Jose Gonzalez, CEO of PolyPeptide: “In 2025, we delivered strong financial progress, with revenue increasing by 16% at constant currency rates and EBITDA rising by 84%. These improvements were driven by robust peptide metabolic demand, better operational execution, and disciplined investment across our global network. With strong customer demand and clear visibility into upcoming programs, we remain confident in our ability to continue advancing toward our midterm targets.”

Key figures1

 

kEUR 2025 2024 Change
Revenue 389,327 336,792 15.6%
EBITDA 46,755 25,350 84.4%
EBITDA in % of revenue 12.0% 7.5% 4.5 ppts
Operating result (EBIT) 8,689 -7,364 218.0%
Operating results (EBIT) in % of revenue 2.2% -2.2% 4.4 ppts
Result for the year -21,169 -19,564 -8.2%
Result for the year in % of revenue -5.4% -5.8% 0.4 ppts
Earnings per share (EUR), basic -0.64 -0.59 -8.2%
Return on net operating assets (RONOA) 1.6% -1.6% 3.3 ppts
Cash and cash equivalents (end of year) 74,589 68,277 9.2%
Net cash flow from operating activities 77,510 89,399 -13.3%
Capital expenditure 109,978 87,839 25.2%
Capital expenditure in % of revenue 28.2% 26.1% 2.2ppts
Total assets (end of year) 825,959 756,576 9.2%
Equity ratio (end of year) 41.2% 47.2% -6.0ppts
Employees (# of FTEs, average) 1,395 1,291 8.1%

Revenue

In 2025, PolyPeptide generated EUR 389.3 million in revenue, representing a 15.6% increase versus 2024 (+16.0% at constant currency rates).

Development revenue increased by 29.9% and commercial revenue increased by 7.9%, driven by the successful ramp-up of the new large-scale SPPS capacity in Braine l’Alleud, further improved utilization of existing assets, and continued strong demand for peptide-based therapeutics. The revenue share related to metabolics further increased to 57% (vs. 40% in 2024)2.

Throughout 2025, PolyPeptide remained committed to meeting the needs of its customers and maintaining a rich development pipeline. The active custom projects pipeline at the end of 2025 included 196 (201) projects, with 30 (32) projects for phase III. The number of commercial projects supported during 2025 increased to 68 (65).

Footnotes

1 This media release and key figures table include references to operational indicators and alternative financial performance measures (APM) that are not defined or specified by IFRS. These APM should be regarded as complementary information to and not as substitutes for the Group’s consolidated financial results based on IFRS. For the definitions of the main operational indicators and APM used, including related abbreviations, as well as for selected reconciliations to IFRS, please refer to the section “Definitions and reconciliations” of the Annual Report 2025.

2 The revenue share related to oncology declined to 10% (vs. 17% in 2024). Going forward, PolyPeptide will no longer separately disclose the revenue share related to oncology, as its external reporting will focus on metabolics as the main growth driver.

Profitability

In 2025, PolyPeptide delivered a marked improvement in profitability. Gross profit for 2025 was EUR 66.6 million versus EUR 39.3 million in 2024, and EBITDA was EUR 46.8 million (+84.4%) versus EUR 25.4 million in 2024. The EBITDA margin increased by 4.5 percentage points to 12.0% versus 7.5% in 2024.

The increase in EBITDA reflects an improvement of EUR 21.4 million, driven by higher production volumes, improved operational performance and product mix, as well as the ramp-up of the large-scale SPPS facility in Braine-l’Alleud (EUR +1.4 million), which was partially offset by exceptional costs from ERP-related investments (EUR -4.1 million). With an 8.1% increase in average full-time equivalents, personnel expenses were EUR 16.4 million (+13.4%) higher versus 2024, reflecting ongoing preparations for further growth, including the ramp-up of new assets and continued organizational development.

The operating result (EBIT) in 2025 was EUR 8.7 million versus EUR -7.4 million in 2024. The financial result was EUR -28.7 million versus EUR -10.8 million in 2024, driven mainly by an unfavorable revaluation of intercompany loans based on foreign exchange movements (unrealized) and non-cash financing components related to contract liabilities, while interest expense was broadly in line with prior year. The result for the year was EUR -21.2 million versus EUR -19.6 million in 2024.

Cash flow and financing

The increased profitability and preparations for growth with customer support contributed to a strong operating cash flow. Net cash flows from operating activities reached EUR 77.5 million in 2025 versus EUR 89.4 million in 2024. Inventories increased by EUR 7.9 million (+5.4% versus year-end 2024), reflecting an improved inventory turnover driven by disciplined working capital management and the Company’s procurement improvement initiative. Contract liabilities recorded further net inflows of EUR 27.4 million, bringing net proceeds from customer prepayments between 2023-2025 to EUR 156.2 million and reflecting continued customer support for capacity expansion initiatives.

Net cash flows from investing activities were EUR -111.7 million versus EUR -91.0 million in 2024, bringing free cash flow to EUR -31.4 million versus EUR 2.4 million in 2024. With net inflows from financing activities in the amount of EUR 33.8 million (2024: EUR -25.3 million), cash and cash equivalents at the end of 2025 were at EUR 74.6 million versus EUR 68.3 million at the end of 2024.

PolyPeptide announced the expansion of its existing credit facilities in May 2025. As at the end of 2025, EUR 20 million was outstanding under the unsecured short-term credit facility with the Group’s main shareholder. EUR 51 million remained available under the EUR 151 million committed revolving credit facility (RCF), with advanced negotiations for a further increase of the RCF ongoing. In addition, the capital band and conditional share capital for financing created at the general meeting held on 9 April 2025 (“AGM 2025”) provide the Group with further flexibility.

Capacity expansion

In 2025, capital expenditures reached EUR 110.0 million or 28.2% of revenue, in line with the Company’s revised guidance and reflecting investments across PolyPeptide’s manufacturing sites to meet strong customer demand.

The large-scale solid-phase peptide synthesis (SPPS) asset in Braine-l’Alleud, Belgium achieved its target utilization rate at the end of 2025. During ramp-up, optimization measures were identified, raising potential revenues from the asset from ~EUR 100 million to EUR ~125 million. The newly added SPPS capacity at the site in Strasbourg, France, has become operational and is expected to ramp up production throughout 2026. In Malmö, Sweden, PolyPeptide achieved a significant milestone for its SPPS capacity expansion, where the pre-built modules were successfully delivered and installed in September 2025. The modules are currently undergoing mechanical completion and are on track to start ramp-up in 2027. In Torrance, plans were made in late 2025 to expand downstream capacity.

Throughout 2025, PolyPeptide engaged with customers to discuss their mid- and long-term capacity requirements as well as the evaluation of optimal manufacturing locations within the Group’s network. With geopolitical uncertainty remaining an important consideration, PolyPeptide’s manufacturing network across three continents puts the Group in a strong position to serve customers locally, as needed.

The Group continued to advance the specialization of its network as it transitions from laboratory-scale production to an industrialized manufacturing model. This increased focus on allocating activities to the sites best equipped to meet specific customer needs involved shifting projects between locations, supported by the necessary technology transfers, regulatory documentation and filings. Over time, these measures are expected to enhance operational efficiency, increase output, and contribute to revenue growth.

As part of its large-scale capacity expansion, PolyPeptide uses proprietary manufacturing technology with an integrated engineering design, advanced automation, and process control to ensure high productivity, safety, and sustainability. The Company also strives to leverage the potential for modularity and optimize the SPPS reactor size to reduce project complexity, while shortening time to market and enhancing flexibility.

Organizational progress

In 2025, the talent agenda has been further focused on enhancing the organization with industrial-scale manufacturing and supply chain capabilities, while strengthening competences for strategic growth readiness. To enhance PolyPeptide’s scalability, a new provider has been selected for the future enterprise resource planning system (ERP) to bolster the Group’s control mechanisms. To mobilize the program, technical experts were hired in 2025 to drive the ERP implementation and to support a seamless rollout across all sites.

After the successful close of the 2025 financial year, the Company announces a transition within the financial leadership of the Group. Marc Augustin has resigned as Chief Financial Officer and member of the Executive Committee for personal reasons effective 31 March 2026. During his tenure, Mr. Augustin successfully led the transformation of PolyPeptide’s global finance function, including the launch of the Group’s strategic ERP upgrade. The Board of Directors thanks him very much for his valuable contributions and wishes him well in his future endeavors. To ensure continuity, Tim Brandl, currently Director Financial Planning & Analysis and Investor Relations, will assume the role of Interim Chief Financial Officer effective 1 April 2026. Mr. Brandl joined PolyPeptide in May 2024, with broad experience in corporate finance and strategy at Lonza, and in venture capital investment management at Mountain Partners AG. In this interim role, Mr. Brandl will report directly to CEO Juan Jose Gonzalez, who will represent the finance function on the Executive Committee. The Board of Directors, together with Mr. Gonzalez, has initiated a structured search process to appoint a permanent Chief Financial Officer.

Mid-term outlook and guidance for 2026

The progress made in 2025 positions PolyPeptide well to meet its mid-term outlook. PolyPeptide targets doubling revenue reported for 2023 by 2028, with profitability approaching an EBITDA margin of 25% by 2028. Over the mid-term horizon and on average, PolyPeptide expects capital expenditures of 15% to 20% of revenue to ensure capacity also beyond 2028.

For 2026, PolyPeptide’s priority is to meet the strong and increasing customer demand. The ramp-up at the new large-scale SPPS facility in Belgium was completed successfully in 2025, providing a strong foundation for continued growth in 2026. PolyPeptide expects revenue to grow 20-25% in 2026 versus 2025, at constant currency rates. The EBITDA margin is expected to continue to rise, reaching mid- to high-teens based on top-line growth and further progress in operations, which will be partially offset by preparations for future growth as well as the ERP implementation previously announced. Growth is expected to be balanced across the year, with both the first and second halves contributing meaningfully to revenue and EBITDA development. Capex is expected to be in line with the Group’s mid-term outlook of 15-20% of revenue.

From a financing perspective, PolyPeptide expects further improvements in profitability and cash flow, customer funding support for large capacity expansion projects, and the utilization of its credit facilities.

As PolyPeptide continues to invest for growth, it will not be proposing the payment of a dividend to the AGM 2026.

Results documentation, audio webcast and conference call

PolyPeptide Group will hold an audio webcast today at 9:00 am CET, where CEO Juan Jose Gonzalez and CFO Marc Augustin will present a business update and annual results for 2025. Please click here to join the audio webcast. To ask questions during the Q&A session, you must dial in to the moderated telephone conference. Participants may pre-register here and will receive dedicated dial-in details to easily access the call. Please dial in 5 to 10 minutes prior to the start.

A replay of the event will be available in the Results Center after the results presentation.

All results documents, including the media release, the results presentation, the Annual Report 2025 as well as the updated time series, will be available from around 6:30 am CET in the PolyPeptide Results Center.

Contact

PolyPeptide Group AG
Tim Brandl
Director FP&A and Investor Relations
tim.brandl@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 through to commercial stages. Its broad portfolio reflects the opportunities in drug therapies across areas and with a large 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 includes forward-looking information and statements concerning the outlook for the Group’s business. These statements are based on current expectations, estimates and projections about the factors that may affect the Group’s future performance. These expectations, estimates and projections are generally identifiable by statements containing words such as ‘expects’, ‘believes’, ‘estimates’, ‘targets’, ‘plans’, ‘projects’, ‘outlook’ or similar expressions. There are numerous risks, uncertainties and other factors, many of which are beyond PolyPeptide Group AG’s control, that could cause the Group’s actual results to differ materially from the forward-looking information and statements made in this media release and that could affect the Group’s ability to achieve its stated targets. The important factors that could cause such differences include, among others: timing and strength of its customer’s product offerings, relationships with employees, customers and other business partners; strategies and initiatives of competitors; manufacturing capacity and utilization; quality issues; supply chain matters; the ability to continue to obtain sufficient financing to meet growth initiatives and liquidity needs; legal, tax or regulatory disputes; and changes in the political, social and regulatory framework in which the Group operates, or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. Although PolyPeptide Group AG believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.

In particular, the statements related to the mid-term outlook and guidance for 2026 constitute forward-looking statements and are not guarantees of future financial performance. The Group’s actual results of operations could deviate materially from those set forth in the mid-term outlook and guidance for 2026 as a result of the factors described above or other factors. As such, investors should not place undue reliance on the statements related to the mid-term outlook and guidance for 2026.

Except as otherwise required by law, PolyPeptide Group AG disclaims any intention or obligation to update any forward-looking statements as a result of developments.

Alternative financial performance measures (APM)

This media release contains references to operational indicators, such as active custom projects and commercial projects, and APM that are not defined or specified by IFRS, including revenue at constant currency rates, EBITDA, EBITDA margin, net operating assets, return on net operating assets (RONOA), capital expenditures (Capex), free cash flow, net cash, and headcount. These APM should be regarded as complementary information to and not as substitutes for the Group’s consolidated financial results based on IFRS. These APM may not be comparable to similarly titled measures disclosed by other companies. For the definitions of the main operational indicators and APM used, including related abbreviations, as well as for selected reconciliations to IFRS, refer to the section “Definitions and reconciliations” in PolyPeptide Group AG’s Annual Report 2025.

For the purposes of this media release, unless the context otherwise requires, the term ‘the Company’ means PolyPeptide Group AG, and the terms ‘PolyPeptide’, ‘the Group’, ‘we’, ‘us’ and ‘our’ mean PolyPeptide Group AG and its consolidated subsidiaries.

Additional features:

File: PolyPeptide_FY-2025_Media release


End of Inside Information


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: 2289898

 
End of Announcement EQS News Service

2289898  12-March-2026 CET/CEST

Results of the 2026 Annual General Meeting for the 2024/25 financial year of BRAIN Biotech AG

BRAIN Biotech AG

/ Key word(s): AGM/EGM

Results of the 2026 Annual General Meeting for the 2024/25 financial year of BRAIN Biotech AG

11.03.2026 / 17:05 CET/CEST

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


Results of the 2026 Annual General Meeting for the 2024/25 financial year of BRAIN Biotech AG
 

ZWINGENBERG, Germany, March 11, 2026 – At today’s Annual General Meeting of BRAIN Biotech AG (Frankfurt Stock Exchange / BNN / ISIN DE0005203947 / WKN 5203949), shareholders approved all agenda items with a broad majority.

Dr. Ursula La Cognata of Berlin, the managing partner of ybe (Your Biotech Experts Partnership), was elected to the Supervisory Board by the Annual General Meeting for a term of four years. She had already been appointed by the Darmstadt Local Court as a new member of the Supervisory Board, effective 11 July 2025, until the next Annual General Meeting.

In his statement to shareholders, Supervisory Board Chairman Dr. Michael Majerus said: “We remain convinced that BRAIN Biotech AG has many positive development opportunities thanks to its successful product business, its strong market position in contract research, the expected revenues from the monetization initiatives as well as licensing of pharmaceutical projects, and further product innovations from the BRAINBioIncubator.”

Agile organizational structure enables fast and flexible customer solutions

In his speech, CEO Adriaan Moelker commented on the company’s strategy, stating: “We remain convinced that our two-pillar strategy, with the product-oriented BRAINBiocatalysts segment on the one hand and the BRAINBioIncubator segment on the other, is the right strategy. This approach enables us to continue to monetize our investments, achieve scientifically based breakthroughs, and organically expand a profitable, scalable, enzyme-focused business. Here we can offer our customers truly unique selling points.

According to Moelker, one of the group’s unique selling points is that, due to its relatively small size, it can respond quickly and flexibly to customer needs with short communication channels and offer innovative biotechnological solutions. The CEO emphasized the importance of maintaining this advantage, even when the company experiences stronger growth in the future.

Moelker also reported on the consolidation of the production and sales for enzymes and food ingredients for the baking and beverage industries at the new location in the Netherlands. The new building, which will house a modern baking application center, a laboratory, and production areas, is nearing completion.

A total of 61.82 % of the share capital, including postal votes, was represented at the time of voting. The detailed voting results and all other documents relating to the 2026 Annual General Meeting are available on the BRAIN Biotech AG website:

https://www.brain-biotech-group.com/en/investors/annual-general-meeting/annual-general-meeting-2026/

 

Contact Media

Dr. Stephanie Konle, PR & Corporate Communications

Phone: +49 6251 9331-70

Email: stk@brain-biotech.com

Contact Investor Relations

Martina Schuster, Investor Relations

Phone: +49 6251 9331-69

Email: ms@brain-biotech.com

 

BRAIN Biotech

The BRAIN Biotech Group is a leader in researching, developing, and producing specialty enzymes, focusing on the food and life sciences industries. In addition, the group develops microbial production strains and scalable bioprocesses for the economic production of specialty enzymes and other proteins. BRAIN Biotech also offers customized biological solutions to the industry for more sustainable products and efficient processes.

BRAIN Biotech AG is the parent company of the BRAIN Biotech Group. The company´s activities are divided into two business segments: BRAINBiocatalysts (development, production, and distribution of specialty enzymes, microorganisms, and ingredients) and BRAINBioIncubator (research-intensive development projects and pharmaceuticals).

BRAIN Biotech operates its own fermentation facilities in the UK and has additional production sites in continental Europe and the US. BRAIN Biotech AG has been listed on the Frankfurt Stock Exchange since February 9, 2016 (Ticker symbol: BNN; ISIN: DE0005203947 / WKN: 520394). In the 2024/25 fiscal year, the group generated revenue of € 49.6 million with around 280 employees. For more information, visit: www.brain-biotech-group.com.

 

The BRAIN Biotech Group on social media and on the internet:

BRAIN Biotech Gruppe

Web: www.brain-biotech-group.com

LinkedIn: https://www.linkedin.com/company/brainbiotech

Threads: https://www.threads.net/@brainbiotechag

Bluesky: https://bsky.app/profile/brain-biotech-group.com

X: https://x.com/BRAINbiotech

Youtube: https://www.youtube.com/channel/UCS33HJqku674X22UQ8QIsyg

 

Biocatalysts Ltd (Production, Distribution)

Website: https://www.biocatalysts.com/

LinkedIn: Biocatalysts Ltd on LinkedIn / BRAIN-Biocatalysts Life Science Solutions on LinkedIn

 

BRAIN Biotech Zwingenberg (Technologies & R&D Services)

Website: www.brain-biotech.com

LinkedIn: BRAIN Biotech Technologies & Services

 

AnalyticonDiscovery (R&D)

Web: https://ac-discovery.com/

LinkedIn: https://www.linkedin.com/company/analyticon-discovery/

 

Disclaimer

This press release contains forward-looking statements. These statements reflect the current views, expectations, and assumptions of the management of BRAIN Biotech AG, and are based on information currently available to the management.

Forward-looking statements are no guarantees of future performance, and entail both known and unknown risks as well as uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Numerous factors exist that could influence the future performance of and future developments at BRAIN Biotech AG and the BRAIN Biotech Group. Such factors include, but are not limited to, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, as well as other factors.

BRAIN Biotech AG does not undertake any obligation to update or revise any forward-looking statements.

 

 


11.03.2026 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: BRAIN Biotech AG
Darmstädter Straße 34-36
64673 Zwingenberg
Germany
Phone: +49 (0) 62 51 / 9331-0
Fax: +49 (0) 62 51 / 9331-11
E-mail: ir@brain-biotech.com
Internet: www.brain-biotech.com
ISIN: DE0005203947
WKN: 520394
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate BSX
EQS News ID: 2289868

 
End of News EQS News Service

2289868  11.03.2026 CET/CEST

Curatis and Neupharma announce exclusive licensing agreement to develop and market corticorelin (C-PTBE-01) for the treatment of peritumoral brain edema in Japan

  • Japan is one of the world’s most important pharmaceutical markets after the US and Europe.

  • Neupharma’s team has extensive experience in developing and successfully commercialising orphan drugs as well as speciality care medicines in Japan, including a blockbuster drug.

  • The agreement with Neupharma includes upfront and milestone payments of up to CHF 83.5 million as well as royalties of up to 20% on sales.

  • The population of available patients eligible for corticorelin treatment associated with peritumoral brain edema is estimated at 60,000 in Japan and 500,000 worldwide. Global market potential is forecasted to exceed USD 1 billion annually.

Liestal, Switzerland, and Tokyo, Japan, 11 March 2026: Curatis Holding AG (SIX: CURN) and Neupharma Co., Ltd. (“Neupharma”), a Japanese pharmaceutical company specializing in oncology, immunology, pulmonology and cardiology disorders, today announce an exclusive license and development agreement for corticorelin (C-PTBE-01) in Japan.

Under the terms of the agreement, Neupharma will receive exclusive rights to develop and commercialize corticorelin for the treatment of peritumoral brain edema (PTBE) in Japan. PTBE is a tumor-associated condition for which no approved targeted therapies currently exist. Neupharma will finance and conduct a pivotal clinical trial in Japan to support filing for approval in Japan. Curatis will receive upfront and milestone payments for the achievement of regulatory and commercial targets totaling up to CHF 83.5 million, as well as royalties on future sales in Japan of up to 20%.

The agreement stipulates that corticorelin is planned to be introduced in Japan initially for children and adolescents. A meeting with the Japanese drug regulatory authority PMDA to discuss the registration enabling study is planned for summer 2026, and the clinical study is expected to start in 2027.

At the same time, preparatory work for the pivotal Phase 3 study for approval in the US and Europe as well as global partnering activities are proceeding as planned.

Corticorelin / C-PTBE-01

Curatis’ lead product candidate, C-PTBE-01 (corticorelin), is being developed to treat peritumoral brain edema (PTBE). PTBE occurs in association with many primary and metastatic (secondary) brain tumors, often in connection with metastases caused by lung cancer, breast cancer, melanoma and colorectal cancer. PTBE results in impairment of brain function due to the accumulation of extracellular fluid around the tumor and can cause symptoms such as headaches, vomiting and neurological dysfunction such as paralysis, speech disorders, visual problems and altered mental status. Standard of care treatment for PTBE is the use of corticosteroids which frequently have serious side effects such as severe myopathy, impaired glucose metabolism, muscle wasting, abnormal weight gain, osteoporosis, gastritis, gastrointestinal bleeding, hypertension and personality changes. Additionally, corticosteroids can also counteract certain cancer therapies such as chemotherapy or emerging immunotherapies that rely on adequate T-cell functionality which is impaired by corticosteroids.

Corticorelin (hCRH), a 41 amino acid endogenous polypeptide, has demonstrated preclinically (in vivo) the ability to positively impact the blood-brain barrier after a disruption due to the underlying malignant tumor. In two clinical studies in patients with PTBE, corticorelin demonstrated the potential to substantially reduce, or in some cases completely replace, steroid use, which may reduce or avoid the severe glucocorticoid-related side effects and subsequently improve quality of life. In the US alone, more than 150,000 patients suffer from PTBE. The estimate for the potential market opportunities for corticorelin is therefore over USD 1 billion per year. Corticorelin is an investigational drug not approved for therapeutic use in the United States or outside the United States.

AEVIS VICTORIA SA – Infracore SA publishes audited 2025 consolidated results and AGM proposals

AEVIS VICTORIA SA

/ Key word(s): Annual Results

AEVIS VICTORIA SA – Infracore SA publishes audited 2025 consolidated results and AGM proposals

11.03.2026 / 07:00 CET/CEST


Press release

Fribourg, 11 March 2026

Infracore SA publishes audited 2025 consolidated results and AGM proposals

Dr. Stephan Thaler and Céline Amaudruz will be proposed for election to the Board of Directors

Infracore SA («Infracore»), a leading Swiss healthcare real estate company, today publishes its audited consolidated results for the financial year 2025 and outlines the proposals to be submitted to the Annual General Meeting («AGM») to be held on 25 March 2026, including the proposal to elect two new independent members to the Board of Directors.

In 2025, Infracore generated rental income of CHF 66.1 million and total revenue including revaluation gains of CHF 82.5 million. The Group recorded EBITDA of CHF 76.7 million, corresponding to an EBITDA margin of 93.0% of total revenue including revaluation. Profit for the period amounted to CHF 55.8 million, representing 67.6% of total revenue including revaluation.

At year-end, the market value of investment properties (including properties under construction and development projects) stood at CHF 1.412 billion, reflecting the continued strengthening of the portfolio. The portfolio is valued by the independent appraiser Wüest Partner AG, using the discounted cash flow (DCF) method.

Infracore’s portfolio continues to stand out for its exceptionally high occupancy: the investment portfolio achieved an occupancy rate of 98.7% in 2025, implying a very low vacancy rate of approximately 1.3%. 

Infracore also highlights its recurring cash-generation capacity: cash flow from operating activities before changes in working capital amounted to CHF 42.2 million (a commonly used proxy for Funds From Operations, “FFO”), representing 51.2% of total revenue including revaluation.

In terms of balance sheet strength, shareholders’ equity amounted to CHF 688.7 million. In addition, Infracore reports a conservative leverage profile. Net debt amounted to CHF 627.8 million. Relative to the market value of the property portfolio of CHF 1.412 billion, this corresponds to a Net Loan-to-Value (Net LTV) of 44.5%.  

Based on these results, the Board of Directors will propose to the AGM a dividend corresponding to a payout ratio of 95% of Infracore’s profit excluding result from revaluation.

Infracore also announces a strengthening of its Board’s independent representation, planning to have a majority of independent Board members. Two new independent candidates — Dr. Stephan Thaler and Céline Amaudruz — will be proposed for election to the Board of Directors at the AGM. Subject to their election, the Board will comprise three independent members, including Chairman Martin Gafner, alongside Dr. Stephan Thaler and Céline Amaudruz, in addition to one representative of Medical Properties Trust, Inc., Edward K. Aldag, and one representative of AEVIS VICTORIA SA, Antoine Hubert. The five board members with varied backgrounds, expertise and perspectives, whereof a majority is independent, align with best practice corporate governance. 

Infracore sees growing demand for efficient capital allocation and modern infrastructure solutions among public and private healthcare institutions. As Switzerland’s leading hospital real estate specialist and development partner, Infracore is well positioned to expand its sale-and-leaseback activities, leveraging its know-how in structuring long-term partnerships with hospitals.

The consolidated financial statements have been prepared in accordance with Swiss GAAP FER and were authorized for issue by the Board of Directors on 18 February 2026.  The statutory auditor concludes that the consolidated financial statements present a true and fair view in accordance with Swiss GAAP FER and comply with Swiss law. 

For more information:  Media and investor relations: c/o Dynamics Group, Zurich
Alexandre Müller, amu@dynamicsgroup.ch, +41 79 635 64 13

About Infracore SA
Infracore SA is a Swiss healthcare real estate company that owns, develops and manages hospital and clinic properties under long-term leases. Headquartered in Fribourg, the Group’s portfolio comprises 47 properties across 19 prime locations in Switzerland, totaling 221’157 sqm and a market value of CHF 1.41 billion. The assets are almost fully let under long-duration, inflation-indexed leases, predominantly to entities of Swiss Medical Network. Infracore generates recurring income from its stabilized portfolio and pursues growth through campus optimizations, extensions and selective developments, supported by a pipeline of about 42’053 sqm development potential. Infracore is jointly controlled by Medical Properties Trust, Inc. and AEVIS VICTORIA SA. www.infracore.ch.

About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world’s largest owners of hospital real estate with 384 facilities and approximately 39,000 licensed beds in nine countries and across three continents as of December 31, 2025. MPT’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. www.medicalpropertiestrust.com.

About AEVIS VICTORIA SA
AEVIS VICTORIA SA invests in healthcare, hospitality & lifestyle and infrastructure. AEVIS′s main shareholdings are Swiss Medical Network Holding SA (76.3%, directly and indirectly), the only Swiss private network of hospitals present in the country’s three main language regions, MRH Switzerland AG, a luxury hotel group managing eleven hotels in Switzerland and abroad, Infracore SA (30%, directly and indirectly), a real estate company dedicated to healthcare-related infrastructure, Swiss Hotel Properties SA, a hospitality real estate division, and NESCENS SA, a brand dedicated to better aging. AEVIS is listed on the Swiss Reporting Standard of the SIX Swiss Exchange (AEVS.SW). www.aevis.com.

Biography of the proposed new Board Members
Céline Amaudruz is a Swiss citizen born in 1979. Subject to her election, she will be an independent member of the Board of Directors within the meaning of the Swiss Code of Best Practice. She holds a M.A. in Law from the University of Geneva. She currently serves as managing director and relationship manager at Reyl Intesa Sanpaolo. She is president and board member of various companies and foundations, including President of Groupe Minoteries SA, board member of Genève Aéroport and former president of TP Publicité SA. She previously served as Senior Expert Business Development and Head of Sustainability at Hirslanden AG. Céline Amaudruz has been vice-president of the Swiss People’s Party (SVP) since 2016 and a member of the Swiss National Council since 2011. She is an experienced leader with extensive experience in management and business development across public and private sectors. 

Dr. Stephan P. Thaler is a Swiss citizen born in 1962. Subject to his election, he will be an independent member of the Board of Directors within the meaning of the Swiss Code of Best Practice. He holds a PhD in Business Economics and is a Certified Board Member (HSG). Dr. Stephan P. Thaler currently serves as senior advisor (since 2025) and former CEO (until 2025) of Swiss Life Investment Foundation, where he was responsible for a real estate portfolio of CHF 9 billion. He served as chair of the Real Estate Investment Committee of Swiss Life Investment Foundation. His prior board and committee experience includes positions as independent board member and audit committee member of leading FINMA-regulated banks, including American Express Bank SA, Standard Chartered Bank (Switzerland) and Habib Bank Zurich. He also has board member experience in the health insurance and IT sectors serving as chair of the board of Taggeldkasse für Schweizerische Bildende Künstler and as board member of aXenta. Dr. Stephan P. Thaler is an executive and leader with extensive experience in the areas of real estate, institutional asset and risk management, and governance.


End of Media Release


2289132  11.03.2026 CET/CEST

Sandoz issues CHF 550 million in bonds and extends its USD  2 billion revolving credit facility by one year

  • Dual-tranche CHF bond issuance with total principal amount of CHF 550 million
     
  • Proceeds from bond issuance will be used for general corporate purposes including refinancing of maturing debt
     
  • USD 2.0 billion multi-currency revolving credit facility (RCF) maturity extended by one year until March 2031

Basel, March 11, 2026 – Sandoz (SIX:SDZ/OTCQX:SDZNY), the global leader in affordable medicines, today announced the issuance of a 1.1875% coupon CHF 275 million bond with a six-year maturity and a 1.55% coupon CHF 275 million bond with a 10-year maturity, for general corporate purposes including the refinancing of maturing debt.

Additionally, Sandoz successfully extended the maturity of the USD 2.0 billion multi-currency revolving credit facility (RCF) by one year to March 31, 2031. The facility remains unutilized and includes an option to extend the maturity by an additional year.

Sandoz CFO Remco Steenbergen said: “The successful bond issuance and the extended RCF maturity will further strengthen our balance sheet, giving us significant financial leeway going forward. Over the past years we have built a balanced maturity profile and substantially reduced our financing costs.”

With these latest transactions, the Sandoz annual interest rate on gross debt is expected to remain below 4% and the debt-maturity profile is extended to 2036, whereas the Company is on track to prolonging its average debt-maturity towards six to seven years.

The transaction was supported by a bank syndicate consisting of Deutsche Bank, BNP Paribas and UBS. Advestra acted as Sandoz legal advisor.

Sandoz aims to maintain an investment grade credit rating and is rated Baa2 (stable outlook) by Moody’s and BBB (stable outlook) by S&P.

DISCLAIMER
This Media Release contains forward-looking statements, which offer no guarantee with regard to future performance. These statements are made on the basis of management’s views and assumptions regarding future events and business performance at the time the statements are made. They are subject to risks and uncertainties including, but not confined to, future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside of the control of Sandoz.

Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. Each forward-looking statement speaks only as of the date of this Media Release, and Sandoz undertakes no obligation to publicly revise any forward-looking statements, except as required by law. Accordingly, undue reliance should not be placed on the forward-looking statements. 

The distribution of this Media Release may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with applicable securities laws in such jurisdiction may constitute a violation of the securities laws of such jurisdiction.

This Media Release and the information contained herein does not constitute or form part of an offer, invitation or recommendation to purchase, sell or subscribe for any securities of Sandoz Group AG or the solicitation of any offer, invitation or recommendation to purchase, sell or subscribe for any  securities of Sandoz Group AG, to any person in Australia, Canada, Japan or the United States, or in any jurisdiction to whom or in which offer or solicitation is unlawful.

THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION. THE BONDS HAVE NOT BEEN AND WILL NOT BE REGISTERED IN THE UNITED STATES AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO ANY U.S. PERSON, AND THIS MEDIA RELEASE MAY NOT BE DISTRIBUTED IN THE UNITED STATES.

EEA MiFID II / UK MiFIR professionals/ECPs-only / No EEA or UK PRIIPS KID Manufacturer target market (MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK.

ABOUT SANDOZ
Sandoz (SIX: SDZ; OTCQX: SDZNY) is the global leader in affordable medicines, with a growth strategy driven by its Purpose: pioneering access for patients. More than 20,000 colleagues of 100 nationalities work together to ensure over one billion patients are reached by Sandoz, generating substantial global healthcare savings and an even larger social impact. Its leading portfolio of approximately 1,300 medicines addresses diseases from the common cold to cancer. Headquartered in Basel, Switzerland, Sandoz traces its heritage back to 1886. In 2026, Sandoz celebrates 20 years of pioneering biosimilars, 80 years of antibiotics manufacturing and 140 years of heritage. In 2025, Sandoz recorded net sales of USD 11.1 billion.

 

CONTACTS

Global Media Relations contacts

Investor Relations contacts

Global.MediaRelations@sandoz.com

Investor.Relations@sandoz.com

Alexis Kalomparis
+41 792 790285

Craig Marks
+44 7818 942 383

Chris Lewis
+49 174 244 9501

Tamara Hackl
+41 79 790 5217

Gregor Rodehueser
+49 170 574 3200

Silvia Siegfried
+41 79 795 9061

Gerresheimer AG: Publication of the 2025 annual and consolidated financial statements only after March 31, 2026, exclusion from the SDAX, postponement of the Annual General Meeting

Gerresheimer AG / Key word(s): Annual Report / Postponement of the publication

Gerresheimer AG: Publication of the 2025 annual and consolidated financial statements only after March 31, 2026, exclusion from the SDAX, postponement of the Annual General Meeting

10-March-2026 / 21:33 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group.

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


Gerresheimer AG: Publication of the 2025 annual and consolidated financial statements only after March 31, 2026, exclusion from the SDAX, postponement of the Annual General Meeting

Duesseldorf, March 10, 2026. Following today’s consultation with its auditor, Gerresheimer AG (ISIN: DE000A0LD6E6, “Gerresheimer”) has concluded that the audited annual and consolidated financial statements for the 2025 financial year will not be published by March 31, 2026, but later.

The preparation of the 2025 annual and consolidated financial statements is delayed because the ongoing investigations by a second external auditing firm into business transactions in financial years 2024 and 2025 and the preparation of the documents required for the audit are taking longer than expected. The Management Board aims to publish the audited annual and consolidated financial statements for the 2025 financial year in June 2026.

The delay in the publication of the 2025 annual and consolidated financial statements is expected to result in the exclusion of Gerresheimer shares from the SDAX index of Deutsche Börse AG.

As a result of the later publication of the 2025 annual and consolidated financial statements, the publication of the Quarterly Statement for the first quarter of 2026, which was announced for April 16, 2026, will also be postponed. The Company will announce a new date as soon as possible.

As a result of the later disclosure of the audited annual and consolidated financial statements, the Company’s Annual General Meeting cannot take place on June 3, 2026, as originally scheduled. The Company will announce a new date as soon as possible.

The Company has entered into discussions with its creditors to agree on an extension of the submission requirements for the audited annual and consolidated financial statements for the 2025 financial year as specified in the financing agreements.

_______________________

End of inside information
 

Contact Gerresheimer AG

Investor Relations

Guido Pickert
Vice President Investor Relations

T +49 211 6181 220
gerresheimer.ir@gerresheimer.com

 

Media

Jutta Lorberg
Head of Corporate Communication
T +49 211 6181 264

jutta.lorberg@gerresheimer.com

End of Inside Information


10-March-2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.


Language: English
Company: Gerresheimer AG
Peter-Müller-Str. 3
40468 Duesseldorf
Germany
Phone: +49-(0)211/61 81-00
Fax: +49-(0)211/61 81-121
E-mail: gerresheimer.ir@gerresheimer.com
Internet: http://www.gerresheimer.com
ISIN: DE000A0LD6E6
WKN: A0LD6E
Indices: SDAX (Aktie)
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX
EQS News ID: 2289182

 
End of Announcement EQS News Service

2289182  10-March-2026 CET/CEST

Immunic Announces Grant of Key European Patent Protecting Relevant Dosing Regimens for Vidofludimus Calcium

Issuer: Immunic AG

/ Key word(s): Patent

Immunic Announces Grant of Key European Patent Protecting Relevant Dosing Regimens for Vidofludimus Calcium

10.03.2026 / 11:30 CET/CEST

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


Immunic Announces Grant of Key European Patent
Protecting Relevant Dosing Regimens for Vidofludimus Calcium 

– Patent Covers Label-Mandated Dosing Scheme Across All Indications, Including Multiple Sclerosis; Previously Granted by the USPTO in 2023 –

– Broad Protection Extends to All Forms of Vidofludimus, Including Its Salts, Solvates and Free Acid –

– Multi-Layered Intellectual Property Strategy Expected to Provide Protection at Least Into 2041 in the United States and Into 2039 in Europe –

NEW YORK, March 10, 2026 – Immunic, Inc. (Nasdaq: IMUX), a late-stage biotechnology company pioneering the development of novel oral therapies for neurologic and gastrointestinal diseases, today announced that the European Patent Office (EPO) has granted a key European patent, EP3713554, directed to label-relevant dosing regimens of lead asset, nuclear receptor-related 1 (Nurr1) activator, vidofludimus calcium (IMU-838). The patent is expected to provide protection for vidofludimus calcium in Europe into 2038, and may be eligible for a Supplementary Protection Certificate (SPC), which could extend market exclusivity potentially into 2043. This patent was previously granted by the United States Patent and Trademark Office (USPTO) in 2023.

The claims broadly protect vidofludimus and its salt, solvate and free acid forms, in all label-relevant dosing regimens. This protection extends beyond a specific salt form, meaning that even alternative salts or forms will fall within the scope of the patent if used according to the label.

“Receiving this key patent in Europe represents a highly important advancement in our global intellectual property strategy for vidofludimus calcium and further reinforces the durability of our exclusivity position,” stated Daniel Vitt, Ph.D., Chief Executive Officer of Immunic. “This patent creates a particularly robust layer of protection that is difficult to design around, independent of indication or formulation. Together with our existing composition-of-matter, indication, method-of-treatment, dosing, process of production and formulation patents, this European patent significantly strengthens the multi-layered protection we have built around vidofludimus calcium. We will continue to expand this portfolio with the goal of maximizing long-term exclusivity following potential regulatory approval.”

Vidofludimus calcium is protected by several layers of granted patents in the United States, Europe and other jurisdictions around the world. These patents are directed towards composition-of-matter for forms of vidofludimus calcium; the treatment of relapsing-remitting multiple sclerosis with a specific dose strength used in the clinical trials; the treatment of progressive multiple sclerosis with specific dose strengths used in the clinical trials; the dosing regimens, including those used in clinical trials for the treatment of multiple sclerosis, as well as composition-of-matter of a specific polymorph of vidofludimus calcium and a related method of production of the material. In the United States, these patents provide protection into 2041, unless extended further. In addition, pending applications are directed towards the use of vidofludimus calcium and other salt forms as well as free acid forms for treating neurodegenerative diseases, which, if granted, could provide protection up to 2044, unless extended further, and the pharmaceutical product (formulation, production process and impurity profile), which, if granted, could provide protection up to 2045, unless extended further. Further undisclosed patent applications dedicated to strengthening the exclusivity period are currently in process. In addition to patent exclusivity, vidofludimus calcium, as a new chemical entity, is expected to benefit from regulatory data protection.

About Vidofludimus Calcium (IMU-838)

Vidofludimus calcium is an orally administered investigational small molecule drug being developed for chronic inflammatory and autoimmune diseases, currently in late-stage clinical trials for multiple sclerosis (MS). Vidofludimus calcium’s unique mode of action combines neuroprotective, anti-inflammatory and anti-viral effects to target the complex pathophysiology of MS. As a selective immune modulator, it activates the neuroprotective transcription factor, nuclear receptor-related 1 (Nurr1), which provides direct and indirect neuroprotective effects. Additionally, vidofludimus calcium achieves anti-inflammatory and anti-viral effects through highly selective inhibition of the enzyme dihydroorotate dehydrogenase (DHODH). Vidofludimus calcium is currently being evaluated in phase 3 clinical trials for the treatment of relapsing MS. In a phase 2 clinical trial, it showed therapeutic activity in relapsing-remitting MS patients, significantly reducing brain lesions and demonstrating encouraging results in reducing confirmed disability worsening. Additionally, vidofludimus calcium demonstrated clinical benefits in progressive MS patients by showing substantial reductions in confirmed disability progression and statistically significant confirmed disability improvement in a phase 2 clinical trial. To date, vidofludimus calcium has been exposed to more than 3,400 individuals and has shown an attractive pharmacokinetic, safety and tolerability profile. Vidofludimus calcium is not yet licensed or approved in any country.

About Immunic, Inc.

Immunic, Inc. (Nasdaq: IMUX) is a late-stage biotechnology company pioneering the development of novel oral therapies for neurologic and gastrointestinal diseases. The company’s lead development program, vidofludimus calcium (IMU-838), is currently in phase 3 clinical trials for the treatment of relapsing multiple sclerosis, for which top-line data is expected to be available by the end of 2026. It has already shown therapeutic activity in phase 2 clinical trials in relapsing-remitting multiple sclerosis, progressive multiple sclerosis and other diseases. Vidofludimus calcium combines neuroprotective effects, through its mechanism as a first-in-class nuclear receptor-related 1 (Nurr1) activator, with additional anti-inflammatory and anti-viral effects, by selectively inhibiting the enzyme dihydroorotate dehydrogenase (DHODH). IMU-856, which targets the protein Sirtuin 6 (SIRT6), is intended to restore intestinal barrier function and regenerate bowel epithelium, which could potentially be applicable in numerous gastrointestinal diseases such as celiac disease, inflammatory bowel disease, and graft-versus-host disease. IMU-381 comprises next-generation molecules in preclinical testing for neurologic, gastrointestinal and other autoimmune diseases leveraging the company’s Nurr1 platform. For further information, please visit: www.imux.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, future revenue, projected expenses, sufficiency of cash and cash runway, expected timing, development and results of clinical trials, prospects, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to Immunic’s development programs and the targeted diseases; the potential for vidofludimus calcium to safely and effectively target diseases; preclinical and clinical data for vidofludimus calcium; the feasibility of advancing vidofludimus calcium to a confirmatory phase 3 clinical trial in progressive multiple sclerosis; the timing of current and future clinical trials, anticipated clinical milestones and regulatory approvals; the nature, strategy and focus of the company and further updates with respect thereto; and the development and commercial potential of any product candidates of the company. Immunic may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Such statements are based on management’s current expectations and involve substantial risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, increasing inflation, tariffs and macroeconomics trends, impacts of the Ukraine – Russia conflict and the conflict in the Middle East on planned and ongoing clinical trials, risks and uncertainties associated with the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient financial and other resources to meet business objectives and operational requirements, and the ability to raise sufficient capital to continue as a going concern, the fact that the results of earlier preclinical studies and clinical trials may not be predictive of future clinical trial results, any changes to the size of the target markets for the company’s products or product candidates, the protection and market exclusivity provided by Immunic’s intellectual property, risks related to the drug development and the regulatory approval process and the impact of competitive products and technological changes. A further list and descriptions of these risks, uncertainties and other factors can be found in the section captioned “Risk Factors,” in the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 26, 2026, and in the company’s subsequent filings with the SEC. Copies of these filings are available online at www.sec.gov or ir.imux.com/sec-filings. Any forward-looking statement made in this release speaks only as of the date of this release. Immunic disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made. Immunic expressly disclaims all liability in respect to actions taken or not taken based on any or all of the contents of this press release.

 

Contact Information

Immunic, Inc.
Jessica Breu
Vice President Investor Relations and Communications
+49 89 2080 477 09
jessica.breu@imux.com

US IR Contact
Rx Communications Group
Paula Schwartz
+1 917 633 7790
immunic@rxir.com

US Media Contact
KCSA Strategic Communications
Caitlin Kasunich
+1 212 896 1241
ckasunich@kcsa.com


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.


Dermapharm Holding SE resolves public share buyback offer for up to 4,300,000 shares

Dermapharm Holding SE / Key word(s): Capital measures / Share buybacks/Capital measures / Share buybacks

Dermapharm Holding SE resolves public share buyback offer for up to 4,300,000 shares

10-March-2026 / 09:11 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group.

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


NOT TO BE TRANSMITTED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, TO OR WITHIN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTIONS IN WHICH SUCH TRANSMISSION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER RESTRICTIONS APPLY. PLEASE REFER TO THE IMPORTANT NOTES AT THE END OF THIS AD-HOC NOTIFICATION.

 

  

Publication of inside information pursuant to Article 17 (1) of Regulation (EU) 596/2014 on market abuse (Market Abuse Regulation – MAR)

 

 

Dermapharm Holding SE resolves public share buyback offer for up to 4,300,000 shares

 

Grünwald, Germany, 10 March 2026 – The Management Board of Dermapharm Holding SE (the “Company“) (ISIN DE000A2GS5D8 / WKN A2GS5D) resolved today, with the approval of the Supervisory Board of the Company and on the basis of the authorization granted by the Annual General Meeting of the Company on 14 June 2023, to make a public share buyback offer to the shareholders of Dermapharm Holding SE for a total of up to 4,300,000 shares (representing approximately 7.99% of the share capital of the Company) at an offer price of EUR 42.00 per share. The repurchased shares are intended to be cancelled.

The acceptance period commences on 11 March 2026 at 00:00 hours (CET) and ends, subject to an extension by the Company, on 24 March 2026 at 24:00 hours (CET). If more than 4,300,000 shares are tendered for repurchase into the offer, acceptances will be taken into account on a pro-rata basis in the ratio of 4,300,000 shares to the total number of shares tendered for repurchase by the shareholders. Further details of the public share buyback offer are included in the offer document, which will be published on the website of Dermapharm Holding SE (https://ir.dermapharm.de) under the heading “Investor Relations – Share – Share Buyback – 2026” and, thereafter, in the Federal Gazette (Bundesanzeiger) at www.bundesanzeiger.de.

 

 

Contact

Investor Relations & Corporate Communications
Britta Hamberger
Tel.: +49 (0)89 – 64186-233
E-mail: ir@dermapharm.com

 

Disclaimer

This notification may not be published, distributed or transmitted in the United States of America, Canada, Australia or Japan. This notification is not directed at, or intended to be transmitted to or used by, any person who is a national or resident of, or located in, any state, country or other jurisdiction where the transmission, publication, use or making available of this notification would violate applicable law or would require a registration or license within such jurisdiction.

Neither this notification nor its content may be published, sent, distributed or disseminated in the United States of America by use of any postal service or by any other means or instrument of interstate commerce or of foreign trade or of the facilities of any national stock exchange of the United States of America. This includes, but is not limited to, fax transmission, electronic mail, telex, telephone and the Internet. Copies of this notification and other related documents may not be sent or transmitted to or within the United States of America either.

This notification does not constitute an offer for the purchase of securities, or a solicitation to make an offer for the purchase of securities, of the Company in the United States of America, Germany or any other jurisdiction.

This notification contains forward-looking statements. These statements are based on the current views, expectations and assumptions of Dermapharm Holding SE’s management and entail known and unknown risks and uncertainties that may cause the actual results, performance or events to differ materially from those expressed or implied by the forward-looking statements. The actual results, performance or events may differ materially from those described therein due to, among other things, changes in the general economic environment or competitive situation, risks associated with capital markets, foreign exchange rate fluctuations and competition from other companies, changes in a foreign or domestic legal system, particularly with respect to the tax environment, or other factors. Dermapharm Holding SE assumes no obligation to update forward-looking statements.

 

End of Inside Information


10-March-2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.


Language: English
Company: Dermapharm Holding SE
Lil-Dagover-Ring 7
82031 Grünwald
Germany
Phone: +49 (0)89 64 86-0
E-mail: ir@dermapharm.com
Internet: ir.dermapharm.de
ISIN: DE000A2GS5D8
WKN: A2GS5D
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX
EQS News ID: 2288356

 
End of Announcement EQS News Service

2288356  10-March-2026 CET/CEST

Galenica achieves strong annual result and increases mid-term guidance

Galenica consistently pursued its growth strategy throughout 2025 and reported a strong result. Adjusted1 EBIT grew significantly, with an increase of 11.3% to CHF 234.8 million. This performance was driven by strong sales growth of 5.5% to CHF 4,135.6 million, to which all business areas contributed. Adjusted1 net profit from continuing operations increased by 3.0% to CHF 188.7 million. Commenting on the pleasing annual result, Marc Werner, CEO of Galenica, says: “In 2025, we consistently implemented our strategic objectives and further strengthened our established position in the Swiss healthcare market. We have successfully developed our network and are focusing on customer focus, efficiency and digitalisation.”

The Group’s adjusted1 ROS increased to 5.7% (previous year: 5.4%), bolstered by an improved gross margin combined with optimisation of personnel costs. The acquisition of Labor Team in September as well as special factors of CHF 6.2 million also had a positive impact on EBIT. At CHF 245.7 million, adjusted1 operating cashflow in the 2025 financial year was well above the previous year’s level. The positive cash flow performance was due to a combination of the strong operating result and a targeted focus on managing net working capital.

Consultation services enhance basic care

Galenica further expanded its role in basic care in 2025. Pharmacies in the Galenica network provided more than 368,000 fee-based healthcare and consultation services, including almost 93,000 vaccinations. Thanks to new partnerships with KPT and Helsana, the costs of these services have been covered under certain insurance models since 1 January 2026. Over the course of 2026, the “Consultation plus” offer will become available nationwide in all pharmacies in the network. The company is also growing in the digital sector: the use of Click & Collect is steadily increasing, and the Prescription Manager, launched in early 2025, simplifies the management of prescriptions and ordering of medications. In addition, with the majority takeover of the online drugstore Puravita, Galenica is strengthening its presence in the digital drugstore and over-the-counter range and expanding its online offering.

Wholesale systems modernised for greater efficiency

In 2025, Galexis reached an important milestone in its long-term investments in efficiency and digitalisation, as its distribution centre in Western Switzerland underwent comprehensive modernisation. Thanks to the introduction of the new warehouse management system at the Lausanne-Ecublens site, the level of automation is now over 70%. The next step will follow in the third quarter of 2026, with plans to transition the systems at the Niederbipp site to SAP too. In doing so, Galexis is laying the foundations for even more efficient logistics and creating new opportunities for innovation, particularly in combination with artificial intelligence.

Foundation laid for further growth

Another key milestone was the entry into the diagnostics business by acquiring the Labor Team Group. In doing so, Galenica expanded its offering, in particular for doctors, while at the same time tapping new potential for innovation and growth. In the year under review, Galenica also laid important foundations for sustainable growth in the home care sector. The common market presence of Bichsel and Lifestage Solutions combines many years of experience in clinical nutrition with a modern, digital ordering and billing platform. In future, Bichsel is to focus on home care services, which already account for around two-thirds of the business. As part of this strategic focus, Galenica announced in February 2026 that it aims to cease manufacturing of pharmaceutical products at Bichsel at the end of 2026. The consultation process is expected to conclude in mid-March 2026. 

Galenica increases mid-term EBIT guidance

In light of the strong result, Galenica is clearly on track to meet both its sales and EBIT forecast for 2025. The Board of Directors will therefore propose to the General Meeting that the dividend be increased to CHF 2.50 per share, which corresponds to an increase of 8.7%. For 2026, Galenica expects sales growth of between 5% and 7%. Galenica expects adjusted1 EBIT to increase by 6% to 8%. Excluding the extraordinary special factors of CHF 6.2 million in 2025, this corresponds to an increase in adjusted1 EBIT of 9% to 11%. The costs of the planned closure of Bichsel’s production division will mainly be incurred in the first half of 2026 and are not reflected in the adjusted1 EBIT. Galenica is pursuing a sustainable dividend policy and plans a dividend for 2026 at least at the previous year’s level.

Galenica is also updating its profitability targets in both segments and raises its mid-term guidance for adjusted1 EBIT for the period up to 2027. The previous target of CHF 250 million has been increased to CHF 270 million. In doing so, Galenica is highlighting its ambitious growth targets as well as the positive development of the company and is now also factoring the successful acquisition of Labor Team into its mid-term guidance.

Key figures for the Galenica Group 2025

(in million CHF)

2025

2024

Change

Net sales

 

 

 

Products & Care segment

1,816.4

1,700.2

6.8%

Pharmacies Omni-Channel

1,473.3

1,404.3

4.9%

Products & Brands

 194.2

190.2

2.1%

Services & Production

119.9

115.2

4.0%

Diagnostics

 40.7

0

 

Logistics & IT segment

3,332.6

3,180.5

4.8%

Wholesale

3,255.3

3,105.2

4.8%

Logistics & IT Services

79.6

77.5

2.8%

 

 

 

 

Corporate and eliminations

-1,013.4

-959.6

 

Galenica Group

4,135.6

3,921.1

5.5%

 

 

 

 

EBIT adjusted1

 

 

 

Products & Care segment1

175.2

160.1

9.4%

Logistics & IT segment1

61.7

53.8

14.8%

 

 

 

 

Corporate and eliminations

-2.1

-2.9

 

Galenica Group1

234.8

211.0

11.3%

 

 

 

 

Net profit from ongoing business activities adjusted1

188.7

183.2

3.0%

1See definition as per section “Alternative performance measures” in the Annual Report 2025.

Further information can be found in the Annual Report 2025.

Media and analyst conference at 10.30 a.m.

Galenica will host its media and analyst conference on the 2025 annual results today, Tuesday, 10 March 2026, at 10.30 a.m. (Central European Time, CET).

 

The conference will be held as a hybrid event.

 

Physical location: National Museum Zurich, Auditorium Willy G.S. Hirzel, Museumstrasse 2, 8021 CH-Zurich

 

Online: Live webcast

 

If you are unable to attend in person, you can follow the conference via webcast in German or English and also submit questions.

 

The conference will be held in German with simultaneous translation into English. The documentation will be available on the website from 7 a.m. on 10  March 2026.

 

The recording will be published after the conference on www.galenica.com. 

Sandoz creates new global biosimilar development, manufacturing and supply unit, appoints industry veteran Armin Metzger to lead next phase of growth

Ad hoc announcement pursuant to art. 53 SIX Swiss Exchange Listing Rules

  • Key move to drive organizational focus ahead of coming ‘golden decade’ of loss of exclusivity opportunities
  • Supports unique strategic positioning as global leader across both biosimilars and generics
  • Enables Sandoz to unlock significant biosimilar market potential while strengthening high-volume generics business to ensure sustainable competitive edge 

Basel, March 10, 2026 – Sandoz (SIX:SDZ/OTCQX:SDZNY), the global leader in affordable medicines, today announces the creation of a new biosimilar development, manufacturing and supply unit. The global unit will be headed by industry veteran Armin Metzger, who will join Sandoz on April 1, 2026, as President, Biosimilar Development, Manufacturing & Supply and become a member of the Sandoz Executive Committee (SEC).

 

Sandoz CEO Richard Saynor says: “We stand today at the start of an unprecedented ‘golden decade’ for patient access, with medicines worth more than USD 650 billion dollars set to lose exclusivity over the next 10 years. As the global leader in affordable medicines and the pioneer of biosimilars, Sandoz is determined to capture this opportunity and deliver strong, sustainable growth.

 

“Today’s announcement marks a concrete step towards achieving that goal. Sandoz is uniquely positioned for success thanks to its leading position across both biosimilar and generic medicines. However, despite their many synergies, the two parts of the business have different development, manufacturing and supply requirements, as well as increasingly divergent market dynamics. This change will enable us to focus our efforts more sharply on accelerating biosimilar growth while further strengthening our generic operations to increase our competitive edge.”

 

Consolidating biosimilar development, manufacturing and supply under one SEC leader will enable clear ownership, fast decision-making and stronger alignment. It will also help to accelerate full vertical integration of biosimilar development, manufacturing and supply at Sandoz.

 

Mr. Metzger joins Sandoz from Swiss-based Ferring Pharmaceuticals, where he has served in senior technological leadership roles since 2016, most recently as Executive Vice President, Chief Technical Operations Officer. Prior to that, he spent nearly 20 years in technological and scientific leadership roles at Merck KGaA and Merck Serono. He holds an MSc and PhD in Biochemistry from the University of Bayreuth.

 

Under the new organizational set-up, Claire D’Abreu-Hayling, currently Chief Scientific Officer, becomes President, Generics Development and Chief Scientific Officer. Glenn Gerecke, currently Chief Manufacturing & Supply Officer, is appointed President, Generics Manufacturing & Supply. Both remain as members of the SEC.

 

Dedicated generics capabilities will enable more tailored approaches and clearer focus on the needs of the lower-cost, higher-volume business. The success of the core generics business remains central to the long-term Sandoz strategy, as the only ‘pure-play’ biosimilars and generics company with a strong leadership position and strategic commitment to the synergies in both segments. Generic medicines represent 70% of Sandoz net sales globally in 2025 and an even higher proportion by volume.

 

Additionally, in a move to simplify and align the overall organizational structure, Thomas Weigold, Country Head, Sandoz Germany, will in future report into Christophe Delenta, President Europe. As of April 1, 2026, Germany’s interests will therefore be represented on the SEC at a European regional level. 

 

These changes have no impact on the Company’s 2026 financial guidance, the medium-term outlook or financial reporting.

 

A portrait of Armin Metzger is available via this link: www.sandoz.com/sandoz-creates-new-global-biosimilar-development-manufacturing-and-supply-unit-appoints-industry

 

DISCLAIMER
This Media Release contains forward-looking statements, which offer no guarantee with regard to future performance. These statements are made on the basis of management’s views and assumptions regarding future events and business performance at the time the statements are made. They are subject to risks and uncertainties including, but not confined to, future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside of the control of Sandoz. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. Each forward-looking statement speaks only as of the date of the particular statement, and Sandoz undertakes no obligation to publicly revise any forward-looking statements, except as required by law.

ABOUT SANDOZ
Sandoz (SIX: SDZ; OTCQX: SDZNY) is the global leader in affordable medicines, with a growth strategy driven by its Purpose: pioneering access for patients. More than 20,000 people of 100 nationalities work together to ensure Sandoz reaches one billion patients annually, generating substantial global healthcare savings and an even larger social impact. Its leading portfolio of approximately 1,300 products addresses diseases from the common cold to cancer. Headquartered in Basel, Switzerland, Sandoz traces its heritage back to 1886. In 2026, Sandoz celebrates 20 years of pioneering biosimilars, 80 years of antibiotics manufacturing and 140 years of heritage. In 2025, Sandoz recorded net sales of USD 11.1 billion.   

 

 

CONTACTS

Global Media Relations contacts

Investor Relations contacts

Global.MediaRelations@sandoz.com

Investor.Relations@sandoz.com

Alexis Kalomparis
+41 79 279 0285

Craig Marks

+44 78 1894 2383

Chris Lewis

+49 174 244 9501

Tamara Hackl

+41 79 790 5217

Gregor Rodehueser

+49 170 574 3200

Silvia Siegfried

+41 79 795 90 61