Ad-hoc | 12 December 2005 14:59
STADA: Product acquisitions(e.g. Mobilat) strengthen European brand business
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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STADA Arzneimittel AG has concluded today, December 12, 2005, through
agreements between various STADA subsidiaries and the SANKYO PHARMA Group
Europe the purchase of a package of eleven European branded products. These
products, which are positioned in various areas of indication and, mainly, in
the OTC area, achieved Europe-wide sales in 2004 in a total amount of approx.
EUR 38 million. Among the best known of these brands are Mobilat(R), with
sales of approx. EUR 18 million and Hirudoid(R), with sales of approx. EUR 14
million – both of which are products for the treatment of blunt injuries such
as contusions or sports injuries. The expenses for the acquisition of the
entire product package amount to a total of EUR 82.0 million.
Sales focuses of the acquired product package are in Germany, Italy, the
United Kingdom and Belgium. In these countries, the acquired products can,
following the transfer of the drug approvals to the individual STADA sales
companies, be directly integrated into the existing sales structures. A
further sales focus is Finland. There, STADA is taking over the existing sales
organization with nine employees who sell the products via pharmacies from
2006.
The agreements call for a staggered takeover of the various approvals and
trade-marks until April, 2007. Over the course of the first half year of 2006,
STADA will successively take over sales responsibility for the products in
the individual national markets as soon as the drug approvals have been
transferred there. The consolidation of the product sales in the Group will be
staggered accordingly. It has, however, been secured in the contract that
STADA can draw economic benefit from the entire product package from the time
the agreements are signed.
Further information:
STADA Arzneimittel AG / Corporate Communications / Stadastrasse 2-18 / 61118
Bad Vilbel / Germany / Phone: +49(0) 6101 603-113 /
Fax: +49(0) 6101 603-506 / E-mail: communications@stada.de
Or visit our website at http://www.stada.com
ISIN: DE0007251803 (MDAX); (MDAX); DE0007251845; DE0001069540; DE0001069557
WKN: 725180; 725184; 106954; 106955
Listed: Amtlicher Markt in Düsseldorf und Frankfurt
End of ad hoc announcement (c)DGAP 12.12.2005