BioGaia signs agreement with Ferring Pharmaceuticals in Argentina

(Thomson Reuters ONE) -


The agreement refers to sales of BioGaia Probiotic drops and tablets in
Argentina under the BioGaia brand. Launch is estimated during the first half of
2011.

BioGaia AB already has agreements with Ferring Pharmaceuticals covering some ten
countries in Latin America, where Mexico was the first country to launch the
products. In Argentina the regulatory process will now be initiated. The other
countries in the region will follow as the regulatory processes in respective
countries are finished.

- Latin America is a relatively new market for us and we are looking forward to
launching our products in yet another country in this region, says Peter
Rothschild, President, BioGaia AB.

Discontinues the cooperation in Egypt

At the same time as the agreement with Ferring Pharmaceuticals for Argentina is
signed BioGaia discontinues the agreement relating to Egypt. This agreement was
signed in 2008 but due to regulatory difficulties no products have been
launched. BioGaia now therefore chooses to discontinue the agreement with
Ferring for Egypt.



[HUG#1395211]





Press release BioGaia March 18th 2010 (pdf): http://hugin.info/86913/R/1395211/352072.pdf

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Datum: 18.03.2010 - 10:15 Uhr
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