Ad-hoc | 12 May 2005 11:11
bmp AG: bmp acquires majority of Revotar AG
Ad hoc announcement §15 WpHG
Investment
bmp AG: bmp acquires majority of Revotar AG
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Berlin, 12 May 2005
Following a subscription for shares in Revotar Biopharmaceuticals AG and
within the framework of a financing round and the accompanying reorganisation
of the shareholders, bmp announces today that it has taken the opportunity to
significantly increase its stake in Revotar Biopharmaceuticals AG, the most
important biotechnology holding in its portfolio, from 22.4% to 59.96%.
Revotar has very propitious clinical phase II data on psoriasis and asthma.
Another phase II pilot study on COPD (chronic bronchitis) is also currently
underway. Thus the company has an extremely promising product pipeline in
strong-growing blockbuster markets and is one of the few biotech companies
with positive clinical phase II results.
The financial means made available within the framework of the capital
increase will aid further clinical development as well as the establishment of
partnerships with the biotechnology and/or pharmaceuitcals industry. The
company is aiming to achieve a trade sale or IPO within the next two to three
years.
Contact:
Corinna Riewe
criewe@bmp.com
bmp AG
Alt-Moabit 59-61
10555 Berlin
Deutschland
ISIN: DE0003304200
WKN: 330420
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, München und Stuttgart; Warschau
End of ad hoc announcement (c)DGAP 12.05.2005
121111 Mai 05