UCB looks to new approvals to push past patent losses
Belgium’s largest pharma company UCB (Euronext: UCB) has posted a downbeat set of financials for the first half of 2023, with revenues falling 11% to 2.6 billion euros ($2.9 billion).
Despite the drop, with net sales falling 12% to 2.4 billion euros, the company confirmed its financial guidance for the year, with expected revenues of between 5.15 billion euros and 5.35 billion euros.
The company is weathering the impact of encroaching generic competition, with the period of exclusivity for seizure meds Keppra (levetiracetam) and Vimpat (lacosamide) coming to an end.
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