28.05.2015
amp biosimilars AG DE000A0SMU87
DGAP-News: amp biosimilars AG successfully out-licenses first biosimilar
DGAP-News: amp biosimilars AG / Key word(s): Agreement/Miscellaneous
amp biosimilars AG successfully out-licenses first biosimilar
28.05.2015 / 08:00
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amp biosimilars AG successfully out-licenses first biosimilar
- First out-licensing of an oncology biosimilar from the ampb product
pipeline
- Partner to finance development and market authorization
- Partner to receive rights for China; rights for the rest of the world
remain with ampb
Hamburg, Germany, May 28, 2015 - amp biosimilars AG (ISIN: DE000A0SMU87), a
company specializing in the development of high-quality biosimilars, today
announced its first successful out-licensing of a biosimilar. The first
biosimilar to be out-licensed from the product pipeline is ABY-018, a
humanized monoclonal antibody. At present, there are four biosimilars in
the ampb product pipeline.
amp biosimilars licensed the biosimilar to a leading mid-sized Chinese
pharmaceutical corporation, with a portfolio of more than 50 pharmaceutical
products, a GMP-certified production capacity of two billion tablets and
one billion capsules per year as well as a national sales network that puts
it in an excellent position to pursue commercialization in China.
The partner will assume all financing for the development and market
approval processes starting from Clinical Phase I through to production and
marketing of the biosimilar in China. The partner will have the right to
unlimited marketing in China and shall pay a percentage of the proceeds to
amp biosimilars (royalties). amp biosimilars retains the global rights
outside of China. This arrangement allows amp biosimilars to conclude
additional out-licensing agreements for the biosimilar, for example in the
US, Europe and other Asian countries, or to develop the relevant markets
independently and thus generate greater potential revenues. By way of
reciprocation, ampb will pay the Chinese partner royalties in the same
amount.
"Our team is very happy with this outcome. We have just cleared a decisive
hurdle, validating the strength of our business model," says Dr. Marc W.
Hentz, Chief Executive Officer of amp biosimilars AG. "By out-licensing to
China, we are not only tapping into the potential represented by this
rapidly expanding market, but also have the opportunity of forming
partnerships with companies in other markets outside of China. This
represents a great step forward - with others soon to follow."
This out-licensing of its first biosimilar also marks amp biosimilar's
successful market launch in China. In the course of this, the company
benefits from the intensive work and the extensive network that was set up
in recent years. The Chinese pharmaceutical market is currently the second
largest in the world and has been growing in the past by up to 25 percent
per year. By 2020 the pharmaceutical market is expected to have a volume of
1 trillion US dollars. The Chinese biosimilar market may actually be the
largest in the world by 2017, surpassing Europe.
About amp biosimilars AG:
amp biosimilars AG develops high quality biosimilars to meet growing demand
on global therapeutic markets and is one of the most innovative and dynamic
biosimilar companies in Europe. The company is headquartered in Hamburg and
run by a team of leading industry experts. The development of a wide
variety of biosimilars will provide patients around the world with access
to life-improving and life-saving therapies. The combination of a research
platform with state-of-the-art analytics, process technology and clinical
expertise as well as regulatory know-how, makes amp biosimilars AG one of
the leading companies for biosimilar development and marketing. Thanks to
an international network of leading pharmaceutical companies, amp
biosimilars AG also has direct access to the strongest growing markets in
the world. With this approach amp biosimilars AG has a key position in one
of the fastest growing life science markets in the near future. amp
biosimilars AG has been listed on the Munich Stock Exchange since April 1,
2015. For more information please go to www.ampbiosimilars.com.
Contact:
MC Services AG
Fabian Lorenz
T +49 211 529252-28
Email: [email protected]
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28.05.2015 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.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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