Gedeon Richter acquires Swiss peer Finox Holding
Image by LaMography/Móni Lázár
Hungarian drugmaker Gedeon Richter is acquiring Swiss biotech company Finox Holding for a purchase price of CHF 190 million, Richter announced today in a press release. Finox focuses on development and commercialization of innovative and cost effective products addressing female fertility.
(Photo: LaMography/Moni Lazar)
Following the acquisition, Richter is reportedly planning to integrate the Finox team focusing on female fertility as part of its growing specialized women’s healthcare business. “Finox’s senior management and commercial teams have extensive experience in women’s reproductive medicine from leading international pharmaceutical companies,” Richter said in the press statement.
With the acquisition, Richter obtains global rights for BEMFOLA® – a biosimilar r-hFSH, which stimulates the ovaries in order to treat infertility – for which marketing authorization was already granted in EU in May 2014 and is currently sold in more than 20 countries, the press statement noted.
The rights for r-hFSH containing product to be registered by the U.S. Food and Drug Administration and the distribution in the United States were excluded from the transaction, the statement added.
According to Richter, benefits of the purchase complements the company’s existing Women’s Healthcare franchise, further strengthens Richter’s presence in main European markets, and increases Richter’s exposure to biosimilar markets.
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