[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_PartialOrCompleteSuspensionOrImposssibilityOfOperationsAbstract|
Partial Or Complete Suspension Or Imposssibility Of Operations
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfSituationOccured|
Nature Of Situation Occured
The ceasing of production and packaging activities, and the closure of the Oncolytic Production Unit of our affiliated company Gensenta İlaç Sanayi ve Ticaret AŞ located in Yenibosna
oda_InformationAboutOperationsSupendedOrBecameImpossible|
Information About Operations Suspended Or Became Impossible
Permanent and continuous cessation of production and packaging activities at the Oncolytic Production Unit
oda_ReasonOfSuspensionOrImpossibilityOfOperations|
Reason Of Suspension Or Impossibility Of Operations
Due to the fact that the efficiency, capacity utilization performance, and profitability at the Oncolytic Production Unit do not meet the desired levels according to Gensenta's targets, a decision has been made to cease production and packaging activities and to close the Oncolytic Production Unit.
oda_DecisionDateOfAuthorizedBodyIfExits|
Decision Date Of Authorized Body If Exits
-
oda_ValidityDateOfSuspensionOrImpossibilityOfOperations|
Validity Date Of Suspension Or Impossibility Of Operations
13.09.2024
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalProductionOfCompany|
Effect of Suspension or Impossibility of Operations on Total Production of Company
Oncolytic Production Unit is a secondary facility operating near Gensenta's main production facility in Yenibosna, where finished drug production is carried out. The production conducted here constitutes a limited portion of Gensenta's total production capacity and sales. Therefore, it is not expected that ceasing production will have a significant impact on Gensenta's operations, production capacity, or the financial results of Gensenta and our company on a consolidated basis.
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalSalesOfCompany|
Effect of Suspension or Impossibility of Operations on Total Sales of Company
It is not expected to have a significant impact on Gensenta's total sales.
oda_ShareOfPartiallySuspendedOperationsInTotalProductionAndSalesOfCompany|
Share Of Partially Suspended Operations In Total Production And Sales Of Company
-
oda_NumberOfPersonnelWhoseEmploymentContractsWereOrWillBeTerminated|
Number Of Personnel Whose Employment Contracts Were Or Will Be Terminated
Currently, 27 employees are working at the Production Unit and some of these employees will be reassigned to positions at Gensenta's other production facilities, while the employment contracts of others will be terminated.
oda_TotalAmountOfSeveranceAndTerminationPaysThatWasOrWillBePaid|
Total Amount Of Severance And Termination Pays That Was Or Will Be Paid
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oda_PrecautionsTookIntoConsiderationByCompanyManagement|
Precautions Took Into Consideration By Company Management
Following the cessation of production, the dismantling of the machinery and equipment in the Oncolytic Production Unit, which are close to the end of their economic life and the cleaning and emptying of the facility will be started. It is foreseen that the complete closure of the Oncolytic Production Unit will take at least 6 months.
oda_ConditionsRequiredForGoingIntoOperationAgain|
Conditions Required For Going Into Operation Again
-
oda_ExpectedDateToBeginOperations|
Expected Date To Begin Operations
-
oda_EffectsOnContinuityAssumptionOfCompany|
Effects On Continuity Assumption Of Company
The impact is not expected.
oda_ExplanationSection|
Explanations
oda_AdditionalExplanationTextBlock|

Due to the fact that the efficiency, capacity utilization performance, and profitability of the Oncolytic Production Unit (Production Unit) located in Yenibosna, which is engaged in sterile oncology production, do not meet the desired levels within the framework of Gensenta's targets, a decision has been made by our affiliated company Gensenta İlaç Sanayi ve Ticaret A.Ş. (Gensenta) to cease production and packaging activities as of 13.09.2024 and to close the Production Unit. In this context, the process of applying to the relevant public authorities will be initiated.

The Production Unit is a secondary facility operating near Gensenta's main production facility in Yenibosna, where finished drug production is carried out. The production conducted here constitutes a limited portion of Gensenta's total production capacity and sales. Therefore, it is not expected that ceasing production will have a significant impact on Gensenta's operations, production capacity, or the financial results of Gensenta and our company on a consolidated basis.

Currently, 27 employees are working at the Production Unit and some of these employees will be reassigned to positions at Gensenta's other production facilities, while the employment contracts of others will be terminated.

Following the cessation of production, the dismantling of the machinery and equipment in the Production Unit, which are close to the end of their economic life and the cleaning and emptying of the facility will be started. It is foreseen that the complete closure of the Production Unit will take at least 6 months.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement,  the Turkish version shall prevail.