Ad-hoc | 15 September 2005 14:55
Eckert & Ziegler AG Purchases Rights to a Radiopharmaceutical Rheumatism Drug
Ad hoc announcement §15 WpHG
Sonstiges
Eckert & Ziegler AG Purchases Rights to a Radiopharmaceutical Rheumatism Drug
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Berlin, 15. September 2005 – Eckert & Ziegler AG (ISIN DE 0005659700), a
specialist for radioactive medical applications, will acquire the worldwide
rights and the production know-how for the rheumatism drug SpondylAT(R) for up
to EUR 1.6 million from Salzgitter-based Altmann Therapie GmbH & Co. KG. A
contract to that effect, which imposes a number of milestones on Altmann
Therapie through year’s end, is to be signed within the next few days.
SpondylAT(R) which is based on the active agent radium-224 chloride, is
authorized for treatment of Bechterew’s disease, a chronic ailment of the
joints which afflicts approx. 800,000 patients in Germany. Their treatment
generates medicinal costs of approx. EUR 640 million every year nationwide.
SpondylAT(R) has up to date been only a niche product, despite its
authorization by the German Federal Institute for Drugs and Medical Devices.
This is primarily due to the fact that there has yet been no demonstration of
its effectiveness under formal, stringent clinical conditions. The numerous
reports of good treatment results have been obtained only from so-called open
clinical tests or retrospective studies with formally low standards of
evidence. One reason for this is the weak capital base of Altmann Therapie,
which has been unable to finance expensive prospective studies. Eckert &
Ziegler wants to close this gap during the coming years by investing approx.
EUR 2.4 mio. into the marketing of SpondylAT(R) and in concomitantly obtaining
the proof of its effectiveness. It will also acquire some debt of Altmann
Therapie, and thus support the resurrection of that company.
Since the sixties, radium 224 chloride has been successfully used for the
treatment of Bechterew’s disease by nuclear medicine practitioners, a major
customer group of Eckert & Ziegler AG. However, it has been available as a
prescription drug in its highly purified form for only about five years.
Compared with TNF blockers, SpondylAT(R) has the advantage that with the same
basic level of effectiveness, it has considerably fewer side effects, is
cheaper, and does not have to be taken by the patient lifelong.
For further questions please contact:
Eckert & Ziegler AG, Karolin Riehle, Investor Relations
Robert-Rössle-Str. 10, 13125 Berlin, Germany
Phone: +49 (0) 30 / 94 10 84-138
http://www.ezag.de
ECKERT & ZIEGLER Strahlen- und Medizintechnik AG
Robert-Rössle-Str. 10
13125 Berlin
Deutschland
ISIN: DE0005659700
WKN: 565970
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart
End of ad hoc announcement (c)DGAP 15.09.2005
151455 Sep 05