Press release

Galenica strengthens its market position in Spain. It acquires all shares of Vifor Uriach Pharma as well as Grupo Uriach’s Primary Care Business.

Tuesday, 15 November 2011

Galenica has acquired all of the outstanding shares of Vifor Uriach Pharma SL, a joint venture with its Spanish partner Grupo Uriach, as well as Grupo Uriach’s Primary Care Business (dealing with medical practices). This will improve the ability of Galenica to commercialise the intravenous iron products Ferinject® and Venofer® as well as several in-licensed products. This acquisition is a further example of Galenica’s strategy to build a strong presence in key European markets and provides Vifor Pharma with additional sales capability in hospitals and medical practices in Spain.

_Vifor Uriach Pharma SL, a joint venture controlled by Galenica, was established in 2009 between Galenica and its longstanding local partner Grupo Uriach, to commercialise Vifor Pharma’s intravenous (i.v) iron products Ferinject® and Venofer®.

_Galenica has acquired all of the outstanding shares of the company and will rename it Vifor Pharma España SL. The Spanish venture of Galenica incorporates Vifor Uriach Pharma SL and Grupo Uriach’s Primary Care Business (dealing with medical practices) including their medical, marketing and sales organisation. The company is based in Barcelona and will help capitalise on the full market potential of Ferinject® by offering the product to a broader group of physicians and patients.

_Along with Ferinject® and Venofer®, Vifor Pharma España SL will commercialise a broad portfolio of well established products and several new innovative in-licensed products such as Copalia® (hypertension), Vimovo® (inflammation, pain management) and Alvesco® (asthma).

_The acquisition was effective on 14 November 2011. Financial terms of the agreement will not be disclosed. 

_Galenica is a diversified Group active throughout the health care market which, among other things, develops, manufactures and markets pharmaceutical products, runs pharmacies, provides logistical and database services and sets up networks. The Galenica Group enjoys a leading position in all its business sectors – Vifor Pharma, Logistics and Retail. A large part of the Group’s income is generated by international operations.

_Galenica is listed on the Swiss Stock Exchange (SIX Swiss Exchange, GALN, security number 1,553,646).

_Vifor Pharma, a company of the Galenica Group, is a world leader in the discovery, development, manufacturing and marketing of pharmaceutical products for the treatment of iron deficiency. The company also offers a diversified portfolio of prescription medicines as well as over-the-counter (OTC) products. Vifor Pharma, headquartered in Zurich, Switzerland, has an increasingly global presence and a broad network of affiliates and partners around the world.
Venofer® (iron sucrose injection) is the leading intravenous (i.v.) iron product for the treatment of iron deficiency anaemia in renal patients. Ferinject® (ferric carboxymaltose) is a novel i.v. iron replacement therapy, also a non-dextran iron that can be rapidly administered in large i.v. doses. Ferinject® is currently registered for use in 37 countries worldwide.

_For more information please visit the company’s website at www.viforpharma.com.

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ContaCt

Fritz Hirsbrunner

Fritz Hirsbrunner

Head of Investor Relations

Galenica Ltd.

Investor Relations
Untermattweg 8
CH-3027 Bern

Phone:
+41 58 852 81 11
Fax:
+41 58 852 81 12

 

Christina Hertig

Christina Hertig

Head of Corporate Communications

Galenica Ltd.

Corp. Communications
Untermattweg 8
CH-3027 Bern

Phone:
+41 58 852 85 17
Fax:
+41 58 852 85 58

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