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EQS-Adhoc: APONTIS PHARMA: Co-promotion contract with AstraZeneca not to be continued in 2024
EQS-Ad-hoc: APONTIS PHARMA AG / Key word(s): Contract
APONTIS PHARMA: Co-promotion contract with AstraZeneca not to be continued in 2024
31-Jul-2023 / 18:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of inside information pursuant to Article 17 of the Regulation (EU) No. 596/2014
APONTIS PHARMA: Co-promotion contract with AstraZeneca not to be continued in 2024
Monheim am Rhein, 31 July 2023. APONTIS PHARMA AG („APONTIS PHARMA“ or the „Company“, Ticker APPH / ISIN DE000A3CMGM5) has been informed by AstraZeneca that the co-promotion agreement for the product Trixeo will be terminated in 2023 and not continued in 2024. Co-promotion activities by APONTIS PHARMA will be discontinued by the end of October 2023. This cooperation has been in place since April 2021 and was extended annually in each case. The impact on earnings in fiscal 2023 is expected to be minor, as the contractually agreed cap on sales force visits and thus the applicable revenues cap is expected to be only narrowly missed. The expected total revenue for 2023 is approximately EUR 3.0 million.
APONTIS PHARMA is currently in negotiations with several pharmaceutical companies regarding the marketing of corresponding medicinal products within the scope of cooperation 2024 respectively a multi-year cooperation starting 2024. If successfully concluded, the Company expects to generate a comparable earnings contribution in 2024.
APONTIS PHARMA AG
Investor Relations
ir@apontis-pharma.de
T: +49 2173 89 55 4900
F: +49 2173 89 55 1521
Alfred-Nobel-Str. 10
40789 Monheim am Rhein
Germany
apontis-pharma.de
APONTIS PHARMA press contact
CROSS ALLIANCE communication GmbH
Sven Pauly
ir@apontis-pharma.de
T: +49 89 125 09 0330
End of Inside Information
31-Jul-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | APONTIS PHARMA AG |
| Alfred-Nobel-Str. 10 | |
| 40789 Monheim | |
| Germany | |
| E-mail: | ir@apontis-pharma.de |
| Internet: | https://apontis-pharma.de/ |
| ISIN: | DE000A3CMGM5 |
| WKN: | A3CMGM |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1692365 |
| End of Announcement | EQS News Service |
1692365 31-Jul-2023 CET/CEST