UCB to Enter Into An Asset Purchasing Agreement With Exemed Pharmaceuticals for Its Indian Manufacturing Facility
Brussels, November 23, 2012 - UCB announced today that Exemed Pharmaceuticals (Exemed), a fast-growing Indian company manufacturing and marketing high-quality active ingredients, will acquire UCB’s Indian production facility in Vapi. The deal includes a multi-year supply agreement between UCB and Exemed as well as the transfer of UCB Vapi’s ~80 members of staff to Exemed. The financial details regarding the deal are not disclosed.
The agreement is in line with UCB’s strategy to focus on bringing new innovative drugs to patients and less on mass manufacturing for which UCB increasingly relies on a network of trusted partners. By choosing Exemed as its Indian partner, UCB is confidently transferring its production to a fast-growing manufacturing company that has the highest quality standards and growth ambitions for the site.
UCB’s Vapi plant currently focuses on the production, packaging and distribution of some of UCB mature drugs mainly for the Indian market; it produces ~2% of total UCB volumes. Exemed Pharmaceuticals will continue with these activities while also planning to bring new business to the site.
The UCB-Exemed agreement and the long-term growth prospects it brings to the Vapi facility make the deal a win-win agreement for Exemed, UCB and UCB Vapi’s employees. This transaction does not impact UCB's financial guidance for 2012
For further information
France Nivelle, Global Communications, UCB
T +32 2 559 9178, email@example.com
Laurent Schots, Media Relations, UCB
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Antje Witte, Investor Relations UCB
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Notes to the editor
UCB, Brussels, Belgium (www.ucb.com) is a global biopharmaceutical company focused on the discovery and development of innovative medicines and solutions to transform the lives of people living with severe diseases of the immune system or of the central nervous system. With more than 8,000 people in about 40 countries, the company generated revenue of EUR 3.2 billion in 2011. UCB is listed on Euronext Brussels (symbol: UCB).
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Posted: November 2012