ASX Announcement and Media Release
Monday 16 January 2012
SciGen Ltd
SCIGEN SECURES RECOMBINANT HUMAN INSULIN MARKETING LICENCE FOR ADDITIONAL TERRITORIES
SciGen Limited (ASX:SIE) announced today that the Company has
renegotiated the terms of its licensing agreement with
Ferring S.A. and Bio-Technology General (Israel) Ltd. for the
manufacture and sale of recombinant human insulin resulting
in an expansion of rights.
The key changes to the licence agreements are:
SciGen will have access to 40 countries divided in the
following groups:
(i) 21 countries on an exclusive basis and
(ii) 19 countries on a semi-exclusive basis
The scope of the transaction is as follows:
(i) SciGen will maintain exclusive rights to 9 countries
(ii) SciGen will obtain additional 12 countries on an
exclusive basis
(iii) SciGen will obtain additional 8 countries on a
semi-exclusive basis
(iv) SciGen will obtain 50% of royalties receivable by
Ferring from 11 countries for which SciGen will convert its
exclusive license into a semi-exclusive license
This is a significant commercial transaction as it will
enable SciGen to enter into the growing recombinant human
insulin markets in the Middle East and Africa.
SciGen Ltd is a progressive biopharmaceutical company
involved in co-developing and marketing genetically
engineered biopharmaceutical products for human healthcare.
SciGen focuses in the areas of gastroenterology,
endocrinology and immunology. Its product portfolio includes
a third generation Hepatitis B Vaccine and therapeutics such
as rhuman Growth Hormone, rhuman Insulin, GCSF and Interferon
Alpha 2b.
SciGen has acquired the rights to manufacture, distribute and
market biopharmaceutical
products under exclusive licensing arrangements. SciGen's
portfolio currently includes
Telephone : + 61 2 9485 1800 Facsimile : + 61 2 9485 1888
Website: www.scigenltd.com
proprietary biotechnology-derived products, and biosimilar
products, which allows for faster entry into the market, as
the biogeneric products have undergone much of the clinical
development and trials required to bring new drugs to market.
This minimises the risks associated with early stage product
development.
SciGen currently undertakes R&D activities in collaboration
with strategic partners and institutions.
SciGen's major strength lies in its ability to recognise the
potential of new products in their early stages of
development. Through joint collaboration with its strategic
partners, SciGen uses its extensive expertise in regulatory
and clinical environments, in conjunction with marketing and
promotional infrastructure, to bring to market products which
will have significant long-term benefit.
SciGen's business was established in 1988. SciGen is a
Singapore biotechnology company, publicly listed on the
Australian Stock Exchange (ASX code SIE). SciGen's
headquarters is in Singapore and it also has subsidiary
companies and offices in Australia, South Korea, Vietnam,
China, India, Israel and Philippines, distribution channels
in Taiwan, China, India, Pakistan, Thailand and Indonesia,
manufacturing facilities in Israel, India and China and a
contract manufacturer in Poland, Bioton S.A.
For further information: Company - Investor Relations | Company |
Ms. Gillian Dunlop SciGen (Australia) Pty Ltd +61 2 9485 1800 Email: gdunlop@scigen.com.au | Slawomir Ziegert CEO SciGen Ltd +65 6779 6638 |
Telephone : + 61 2 9485 1800 Facsimile : + 61 2 9485 1888 Website: www.scigenltd.com
distribué par | Ce noodl a été diffusé par SciGen Limited et initialement mise en ligne sur le site http://www.scigenltd.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-16 11:39:42 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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