Medigene AG: Market launch of Veregen® in the Netherlands started
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Medigene AG: Market launch of Veregen® in the Netherlands started
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Martinsried/Munich, 29 July 2013. Medigene AG (MDG, Frankfurt, Prime Standard)
announces that Will-Pharma has launched the drug Veregen(®) for the treatment of
genital warts in the Netherlands. Within the scope of the license agreement,
Medigene will receive a percentage share in the double-digit range of the sales
revenue achieved with Veregen(®), and will additionally receive sales milestone
payments.
Dr. Frank Mathias, Chief Executive Officer of Medigene AG, comments: "With the
launch of Veregen(®) in the Netherlands, we are opening another significant
European market. We are glad being in a position to provide patients suffering
from this extremely onerous sexually transmitted disease with our ointment as a
treatment option. We expect further increasing revenue from this drug which is
now marketed in seven countries in and outside Europe."
Veregen(®) is being marketed in the USA (by Fougera), in Germany, Austria and
Switzerland (by Abbott), in Spain (by Bial) as well as in Serbia (by
Pharmanova), and approved in further countries. Market approvals and the launch
in additional countries are pending in 2013. Medigene has entered into several
marketing partnerships for Veregen(®) across Europe, Asia, and America, and is
planning to continue this global licensing strategy to further leverage the
product's market potential.
About Veregen(®): Veregen(®), an ointment used in the topical treatment of
external genital warts, contains a catechin concentrate based on a defined
extract obtained from green tea leaves. Since 2010, Veregen(®) (Sinecatechins
15% ointment) has been recommended in the US Department of Health and Human
Services Center for Disease Control and Prevention's Sexually Transmitted
Diseases Treatment Guidelines as a possible option for treating genital warts.
Sinecatechins 10% & 15% ointment (Veregen(®)) was recently also included in the
European Guideline for the Management of Anogenital Warts.
About Will-Pharma: Will-Pharma markets and promotes its own ethical products,
food supplements and medical devices through its well trained sales force. With
its head offices in the three countries of Benelux, Will-Pharma has more than
85 years of experience in the development and sale of drugs, medical devices,
and food supplements. Moreover, Will-Pharma has a long standing distribution
agreement with Daiichi-Sankyo. More information on Will-Pharma:
www.willpharma.com.
Medigene AG (Frankfurt: MDG, Prime Standard) is a publicly listed biotech
company headquartered in Martinsried/Munich, Germany. Medigene focuses on
clinical research and development of novel drugs against cancer and autoimmune
diseases. Medigene is the first German biotech company to generate revenues from
a marketed product (Veregen(®)), which is distributed by partner companies.
Medigene also has two drug candidates undergoing clinical trials, EndoTAG(®)-1
und RhuDex(®), and is developing an innovative vaccine technology. For further
details, please visit www.medigene.com
This press release contains forward-looking statements representing the opinion
of Medigene as of the date of this release. The actual results achieved by
Medigene may differ significantly from the forward-looking statements made
herein. Medigene is not bound to update any of these forward-looking statements.
Medigene(®) and Veregen(®) are registered trademarks of Medigene AG. Polyphenon
E(® )is a trademark of Mitsui Norin Co., Ltd. These trademarks may be owned or
licensed in select locations only.
Contact
Julia Hofmann, Claudia Burmester
Investor & Public Relations
Tel.: +49 - 89 - 20 00 33 - 33 01
Email: investor(at)medigene.com
To unsubscribe from the press release distribution list, please go to
www.medigene.com/unsubscribe.
Press release as PDF:
http://hugin.info/132073/R/1718749/571844.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Medigene AG via Thomson Reuters ONE
[HUG#1718749]
Unternehmensinformation / Kurzprofil:
Datum: 29.07.2013 - 07:30 Uhr
Sprache: Deutsch
News-ID 282357
Anzahl Zeichen: 5184
contact information:
Town:
Martinsried / München
Kategorie:
Business News
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