Medigene AG: Market launch of Veregen® in the Netherlands started
July 29 2013 - 1:30AM
Medigene AG / Medigene AG: Market launch of Veregen® in the
Netherlands started . Ad hoc announcement according to § 15 WpHG.
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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@medigene.com
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(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Medigene AG via Thomson Reuters ONE
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