28 Jul 2020 07:00
Tuesday, 28 July 2020
Dechra® Pharmaceuticals PLC
(Dechra, Group, Company)
Completion of Acquisition
Dechra acquires worldwide rights to the Osurnia product portfolio
Further to the announcement on 6 January 2020, Dechra is pleased to announce that the acquisition of the worldwide rights of the Osurnia product portfolio (Osurnia) from Elanco Animal Health Incorporated (Elanco) has completed for a total consideration of USD135.0 million (£104.7 million)1 (the Purchase Price). The addition of Osurnia to the Dechra dermatology portfolio will significantly enhance its presence in this key therapeutic area.
Osurnia is a long acting treatment for otitis externa (inflammation of the outer ear) in dogs. Osurnia was launched in 2014 and is currently approved in a number of countries including major markets, USA (2014), Europe (2014), Japan (2014), Canada (2015), Australia (2016) and New Zealand (2017). There are further submissions awaiting approval in Argentina, Thailand, Malaysia, South Korea and planned submissions in Venezuela (2021), Israel (2022), China (2024).
For the year ended 31 December 2018, the reported revenues for Osurnia were USD 31.2 million (£24.2 million) 1.
Ian Page, Dechra's Chief Executive Officer commented:
"We are delighted to complete the acquisition of the worldwide rights to Osurnia. The addition of Osurnia will allow us to offer an extended range of solutions for veterinarians to manage otitis externa and offer the best treatment for the pet taking into consideration the veterinarians clinical preference and the owners' lifestyle."
Enquiries: | |
Dechra Pharmaceuticals PLC | Office: +44 (0) 1606 814 730 |
Ian Page, Chief Executive Officer | |
Paul Sandland, Chief Financial Officer e-mail: corporate.enquiries@dechra.com |
|
Investec Bank plc (Stockbroker and Financial Advisers) | Tel: +44 (0) 20 7597 5970 |
Chris Treneman / Daniel Adams | |
TooleyStreet Communications Ltd | Mobile: +44 (0) 7785 703 523 |
Fiona Tooley, Director e-mail: fiona@tooleystreet.com | |
Note
Translated at USD 1.2896: GBP 1.0000 (closing rate on 27 July 2020)
About Dechra
Dechra is global specialist veterinary pharmaceuticals and related products business. Our expertise is in the development, manufacture and sales and marketing of high quality products exclusively for veterinarians worldwide. Dechra's business is unique as the majority of its products are used to treat medical conditions for which there is no other effective solution or have a clinical or dosing advantage over competitor products.
For more information, please visit: www.dechra.com.
Stock Code: Full Listing (Pharmaceuticals): DPH
LEI: 213800J4UVB5OWG8VX82
Trademarks
Dechra and the Dechra "D" logo are registered trademarks of Dechra Pharmaceuticals PLC.
Forward Looking Statement
This document may contain certain forward-looking statements. The forward-looking statements reflect the knowledge and information available to the Company during the preparation and up to the publication of this document. By their very nature, these statements depend upon circumstances and relate to events that may occur in the future thereby involve a degree of uncertainty. Therefore, nothing in this document should be construed as a profit forecast by the Company.