Belgian drugmaker UCB says that it plans to accelerate its US transition to a purely specialty-focused biopharmaceutical company and will exit the American primary care market, effective March 1.
This strategic decision impacts the reported 2009 net profit with one-time restructuring charges of about 70 million euros ($98.28 million), while freeing more resources for core products, says UCB, Belgium's remaining significant drug firm following the sale of Solvay's pharmaceutical business to the USA's Abbott Laboratories for some $6.6 billion last year. 'This transition is part of the company's long-term strategy to become the patient-centric global biopharmaceutical leader focused on immunology and neurology,' the company said.
"Following the successful US launches of our core products Cimzia (certolizumab pegol) and Vimpat (lacosamide) and awaiting Food and Drug Administration approval for the US launch of Neupro (rotigotine transdermal patch), we are focusing the resources of the total US organization and strengthening the foundation for the company's focus on immunology and neurology. After the exit of the primary care market in most of Western Europe 18 months ago, UCB will now exit the US primary care market, and focus its resources on providing solutions to patients who suffer from severe diseases with Cimzia, Vimpat as well as prepare for Neupro," said Roch Doliveux, UCB's chief executive.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze