ROVI announces the agreement with Hikma to distribute and market its Enoxaparin biosimilar
2018-04-24 · Rovi Pharmaceuticals Laboratories · original rovi.es ↗
ROVI –Agreement with Hikma to distribute and market its Enoxaparin biosimilar across MENA countries 1 For further information: Investor Relations (Tel: +34 91 244 44 22) Marta Campos Martínez [email protected] ROVI announces the agreement with Hikma to distribute and market its Enoxaparin biosimilar Madrid, 24th April 2018 – Laboratorios Farmaceúticos Rovi SA (ROVI:SM) announces that it has signed a licensing agreement with the multinational pharmaceutical group Hikma Pharmaceuticals PLC (Hikma, Group) (LSE: HIK) (NASDAQ Dubai: HIK) (OTC: HKMPY) (rated Ba1 Moody’s / BB+ S&P, both stable) for the exclusive distribution and marketing of its Enoxaparin biosimilar across 17 MENA1 (Middle East and North Africa) countries: Kingdom of Saudi Arabia, Jordan, Algeria, Egypt, Tunisia, Sudan, Syria, Yemen, Iraq, Oman, United Arab Emirates, Kuwait, Qatar, Bahrain, Libya, Palestine and Lebanon. Rovi’s Enoxaparin sodium is a biosimilar to Sanofi’s Lovenox® and Clexane®, which is an anticoagulant medication that belongs to low molecular weight heparin class. It is used to treat and prevent deep vein thrombosis and pulmonary embolism. As of March 2018, Rovi had achieved national authorization for their biosimilar of E noxaparin in 16 European markets, and has commence marketing in Germany and UK. Juan López -Belmonte Encina, ROVI’s Chief Executive Officer has said, “ we are very excited to announce our recent agreement with Hikma, a global pharmaceutical company, with a strong presence across the MENA region. By leveraging Hikma’s strong local presence, patients across the region will be able to access our Enoxaparin biosimilar. In this new phase, together with Hikma, we aim to expand Rovi’s global footprint and become a leader in the low-molecular-weight heparin field” 1 The agreement does not include Morocco and Lebanon has a semi-exclusive agreement. ROVI –Agreement with Hikma to distribute and market its Enoxaparin biosimilar across MENA countries 2 Mazen Darwazah, Vice Chairman a nd CEO of Hikma in MENA and Emerging Markets has said, “we are very pleased to be expanding our partnership with Rovi, adding this important cardiovascular product to our product portfolio in the MENA region. This partnership demonstrates the successful execution of ou r strategy to grow our biosimilar portfolio and improve patients' access to high-quality, affordable medicines.” About ROVI ROVI is a fully integrated Spanish specialty pharmaceutical company engaged in the research, development, in -licensing, manufacturing and marketing of small molecule and specialty biologic drugs. The Company has a diversified portfolio of products that it markets in Spain through its specialized sales force, calling on specialist physicians, hospitals and pharmacies. ROVI’s portfolio of 30 principal marketed products is currently anchored by the internally -developed, second generation low molecular weight heparin, Bemiparin. ROVI’s research and development pipeline is focused primarily on the expansion of applications, indications and alternative mechanisms of action for the heparin -derived products and other glycosaminoglycans and on the development of new controlled release mechanisms based on ISM® technology, with the aim of obtaining new pharmaceutical products that enable the regu lar administration of formulations which are administered daily in chronic and prolonged treatments. ROVI manufactures the active biological ingredient (Bemiparin) for its principal proprietary products and for injectable pharmaceutical products developed by its in -house research team, and utilizes its state -of-the-art filling and packaging capabilities to provide a broad array of toll manufacturing services to leading international pharmaceutical companies, primarily in the area of pre -filled syringes. In addition, ROVI provides contract manufacturing and packaging services of solid oral pharmaceutical dosage forms, using the most enhanced technology, Roller Compaction. Additional information about ROVI is available on the company’s website: www.rovi.es. About Hikma Hikma helps puts better health within reach every day for millions of people in more than 50 countries around the world. For 40 years, we’ve been creating high -quality medicines and making them accessible to the people who need them. We're a global ROVI –Agreement with Hikma to distribute and market its Enoxaparin biosimilar across MENA countries 3 company wi th a local presence across the United States (US), the Middle East and North Africa (MENA) and Europe, and we use our unique insight and expertise to transform cutting-edge science into innovative solutions that transform people's lives. We're committed to our customers, and the people they care for, and by thinking creatively and acting practically, we provide them with a broad range of branded and non-branded generic medicines. Together, our 8,500 colleagues are helping to shape a healthier world that enriches all our communities. We are a leading licensing partner in the MENA region, and through our venture capital arm, are helping bring innovative health technologies to people around the world. For more information, please visit www.hikma.com.
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