06.08.2018
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DGAP-News: STADA Arzneimittel AG: STADA becomes Majority Shareholder of BIOCEUTICALS Arzneimittel AG
DGAP-News: STADA Arzneimittel AG / Key word(s): Miscellaneous
STADA Arzneimittel AG: STADA becomes Majority Shareholder of BIOCEUTICALS
Arzneimittel AG
06.08.2018 / 09:00
The issuer is solely responsible for the content of this announcement.
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CEO Claudio Albrecht: "Excellent basis for further strong growth in the
biosimilar segment"
Bad Vilbel, August 6, 2018 - After repurchasing the rights to Hedrin(R) from
Sanofi, the rights to APO-go(R) from Grünenthal and the rights to Ladival
from Ladival GmbH & Co KG, STADA Arzneimittel AG is also increasing its
presence in the important biosimilar sector. Subject to approval by the
antitrust authorities, STADA is acquiring an additional 35.48 percent of the
shares from its co-shareholders, which - combined with the shares already
held - means that it now has a 51.34 percent stake in BIOCEUTICALS
Arzneimittel AG. The parties agreed to maintain confidentiality with regard
to the financial conditions of the transaction. BIOCEUTICALS Arzneimittel AG
manufactures the active ingredient erythropoietin and markets it
particularly by issuing sales licenses to STADAPHARM and other third
parties.
The biosimilar epoetin zeta, which is sold by STADAPHARM in Germany with the
brand name Silapo(R), is approved for the treatment of anemia resulting from
chronic kidney failure and in chemotherapy.
CEO Claudio Albrecht is particularly pleased about this transaction,
"because it is an excellent fit with STADA's three-pillar strategy, in which
biosimilars in the Specialties segment play a key role. This will enormously
strengthen our Specialties group and forms an excellent basis for further
strong growth in this segment." Albrecht thanks the former co-shareholders
who have supported the company for many years. "It is also thanks to them
that we are among the leaders in this biosimilar segment in Germany with
Silapo(R)."
Since 2008, STADA has been selling the biosimilar with the active ingredient
epoetin zeta in Germany with the brand name Silapo(R) under a sales license
issued by BIOCEUTICALS Arzneimittel AG. This makes STADA one of the first
companies in the world to put a biosimilar on the market. Sales of this
medication have been rising steadily since it was first launched.
Based on further license agreements with BIOCEUTICALS Arzneimittel AG, the
product is sold by companies including the hospital specialist Hospira
(Pfizer), which sells it under the brand name RetacritTM in various
countries and was recently granted approval for this in the USA. The
medication is produced by Norbitec GmbH in Uetersen, which is majority owned
by BIOCEUTICALS Arzneimittel AG.
About STADA Arzneimittel AG
STADA Arzneimittel AG is a publicly-listed company with headquarters in Bad
Vilbel, Germany. The company focuses on a three-pillar strategy consisting
of generics, non-prescription OTC products and specialty pharmaceuticals,
biosimilars in particular. Worldwide, STADA is represented in about 30
countries with roughly 50 subsidiaries. Branded products such as Grippostad
and Ladival are among the highest selling in their product categories in
Germany. In financial year 2017, STADA achieved adjusted Group sales of Euro
2,255.3 million, adjusted earnings before interest, taxes, depreciation and
amortization (EBITDA) of Euro 433.9 million and adjusted net income of Euro
195.6 million. As of December 31, 2017, STADA employed 10,176 people
worldwide.
Additional information for journalists:
STADA Arzneimittel AG / Media Relations / Stadastrasse 2-18 / 61118 Bad
Vilbel - Germany /
Phone: +49 (0) 6101 603-165 / Fax: +49 (0) 6101 603-215 / E-Mail:
[email protected]
Or visit us on the Internet at www.stada.com/press
Additional information for capital market participants:
STADA Arzneimittel AG / Investor & Creditor Relations / Stadastrasse 2-18 /
61118 Bad Vilbel - Germany /
Phone: +49 (0) 6101 603-113 / Fax: +49 (0) 6101 603-215 / E-mail:
[email protected]
Or visit us on the Internet at www.stada.com/investor-relations
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06.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: STADA Arzneimittel AG
Stadastraße 2-18
61118 Bad Vilbel
Germany
Phone: +49 (0)6101 603- 113
Fax: +49 (0)6101 603- 506
E-mail: [email protected]
Internet: www.stada.de
ISIN: DE0007251803
WKN: 725180
Listed: Regulated Market in Dusseldorf, Frankfurt (General
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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710923 06.08.2018
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