Gedeon Richter shells out $196 million for Swiss women's fertility firm Finox

2 July 2016

Hungary’s largest drugmaker Gedeon Richter (RICHT: HB) says it has acquired Finox Holding, a privately held Swiss biotech company focused on development and commercialization of innovative and cost effective products addressing female fertility.

The purchase price for the shares in Finox amounts to 190 million Swiss francs (~$196 million).

Finox' product, Bemfola is a recombinant-human follicle stimulating hormone (r-hFSH) which was developed as a biosimilar to Gonal-f, an established reference product from Germany’s Merck KGaA (MRK: DE). Bemfolawas the first biosimilar r-hFSH launched in Europe. It is currently commercialized in the European Union, in Israel, in the Middle East and in Australia. The product gained significant market share since its initial introduction in second-quarter 2014.

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