If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHikma Pharmaceuticals Regulatory News (HIK)

Share Price Information for Hikma Pharmaceuticals (HIK)

Share Price is delayed by 15 minutes
Get Live Data
1,566.00    42.00 (2.76%)
Bid:
1,565.00
Ask:
1,567.00
Spread: 2.00 (0.128%)
Market Cap: £3.30b
HIK Live PriceLast checked at - London Stock Exchange

Intraday Hikma Pharmaceuticals Share Chart

Re Agreement

20 Nov 2013 07:00

RNS Number : 4481T
Hikma Pharmaceuticals Plc
20 November 2013
 



 

 

 

 

PRESS RELEASE

 

 

Hikma signs long term supply agreement with Unilife to enhance delivery of generic injectables

 

London, 20 November 2013 - Hikma Pharmaceuticals PLC (LSE: HIK) (NASDAQ Dubai: HIK) (OTC: HKMPY), the fast growing multinational pharmaceutical group, today announces that it has signed a long term commercial supply contract with Unilife Corporation ("Unilife") for the use of Unifill® prefilled syringes with a range of generic injectable drugs.

 

Under the 15-year global agreement, Unilife will supply Hikma with customised prefillable delivery systems from its Unifill® platform, including the Unifill syringe and the Unifill Nexus™ ("Unifill products"). For the exclusive global rights to use Unilife's Unifill products with a selection of Hikma's generic injectable products, Hikma will pay a total of $40 million, comprising an upfront payment of $5 million, an additional $15 million payment expected during 2014 and a further $20 million in milestone-based payments to be paid thereafter. Hikma has selected an initial list of around 20 of its generic injectable products to be used with Unifill products. Unilife will commence product sales to Hikma in early 2014.

 

Market demand for generic injectables is rapidly shifting from vials to prefilled syringes. However, conventional prefilled devices prevent universal attachment with any ISO standard needle hub or IV connector and are also associated with patient safety risks including spontaneous disconnection and the leakage or occlusion of medication. The superior design of Unilife's Unifill Nexus™ addresses these issues and Hikma believes this differentiated offering will become the preferred choice for delivering injectable drugs safely and effectively.

 

Said Darwazah, Chief Executive Officer of Hikma stated:

"This agreement supports our strategy of developing higher value products and we are extremely pleased to be partnering with Unilife to develop our generic injectables capabilities. We look forward to leveraging Unilife's innovative platform of Unifill syringes to differentiate our injectable products, strengthen our competitive position and increase our market share."

 

Mr Alan Shortall, Chief Executive Officer of Unilife said:

"Unilife has developed a full range of innovative and highly differentiated syringes under our Unifill platform to accommodate the needs of all prefilled biologics, drugs and vaccines. This strategic partnership with Hikma enables us to rapidly penetrate the large and fast growing market for generic injectables and supports our goal to become one of the largest suppliers of prefilled syringes in the world."

 

-- ENDS --

 

 

Enquiries

Hikma Pharmaceuticals PLC

Susan Ringdal, VP Corporate Strategy and Investor Relations +44 (0)20 7399 2760/ +44 7776 477050

Lucinda Henderson, Investor Relations Manager +44 (0)20 7399 2765/ +44 7818 060211

 

FTI Consulting

Ben Atwell/ Julia Phillips/ Matthew Cole +44 (0)20 7831 3113

 

About Hikma

Hikma Pharmaceuticals PLC is a fast growing multinational group focused on developing, manufacturing and marketing a broad range of both branded and non-branded generic and in-licensed products. Hikma operates through three businesses: "Branded", "Injectables" and "Generics", based principally in the Middle East and North Africa ("MENA"), where it is a market leader, the United States and Europe. In 2012, Hikma achieved revenues of $1,108.7 million and profit attributable to shareholders of $100.3 million.

 

About Unilife Corporation

Unilife Corporation (NASDAQ:UNIS / ASX: UNS) is a U.S. based developer and commercial supplier of injectable drug delivery systems. Unilife's broad portfolio includes prefilled syringes with automatic needle retraction, drug reconstitution delivery systems, auto-injectors, wearable injectors, intraocular delivery systems and novel devices. Each of these innovative, differentiated technology platforms can be customised to address specific customer, drug and patient requirements. Unilife's global headquarters and state-of-the-art manufacturing facilities are located in York, PA. For more information, please visit www.unilife.com or download the Unilife IRapp on your iPhone, iPad or Android device.

 

About the Unifill® Platform

Unilife has developed an extensive proprietary platform of prefilled syringes under its Unifill® brand. Unifill is the world's first and only known platform of prefilled syringes with automatic and fully integrated needle retraction. Designed for intuitive use by healthcare workers or self-injecting patients, an audible, tactile click signals the injection of the full dose and the automatic activation of the needle retraction mechanism. Users can control the speed of needle retraction directly from the body into the syringe barrel by relieving thumb or finger pressure on the plunger to eliminate the risk of needlestick injuries or the aerosolisation (splatter) of blood or tissue residue. Unifill syringes are compatible with standard filling and packaging processes, with USP compliant materials in the primary drug container.

 

About Unifill Nexus™

The Unifill Nexus is a glass prefilled syringe that can be universally attached to ISO standard needleless luer access devices (NLADs). The Unifill Nexus is designed to address patient safety concerns relating to the reported malfunction, breaking or clogging of some conventional glass prefilled syringes when attached to NLADs. Unlike some other needleless prefilled syringes, it features an ISO standard luer lock tip that is designed for universal attachment onto standard needle hubs and IV connectors and prevents the risk of spontaneous disconnection or leakage of medication. Like other syringes within the Unifill platform, the Unifill Nexus is compatible with standard filling and packaging processes and has USP compliant materials in the primary drug container.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGRNKCDQABDDQDD
Date   Source Headline
19th Nov 20093:07 pmRNSDirector/PDMR Shareholding
18th Nov 20094:37 pmRNSDirector/PDMR Shareholding
18th Nov 20094:29 pmRNSDirector/PDMR Shareholding
12th Nov 20097:00 amRNSInterim Management Statement
2nd Nov 200912:35 pmRNSTotal Voting Rights
20th Oct 200912:21 pmRNSBlocklisting Interim Review
16th Oct 200912:30 pmRNSDirector/PDMR Shareholding
1st Oct 200910:10 amRNSAdditional Listing
1st Oct 200910:04 amRNSTotal Voting Rights
27th Aug 20097:00 amRNSHalf Yearly Report
5th Aug 200911:51 amRNSTotal Voting Rights
17th Jul 20097:00 amRNSHikma signs licensing agreement
29th Jun 200911:58 amRNSDirector/PDMR Shareholding
19th May 200910:42 amRNSDirector/PDMR Shareholding
14th May 20096:12 pmRNSResult of AGM
14th May 20097:00 amRNSInterim Management Statement
12th May 20095:37 pmRNSAnnual Information Update
11th May 20092:08 pmRNSTotal Voting Rights
11th May 20091:57 pmRNSDirector/PDMR Shareholding
16th Apr 20094:00 pmRNSDirector/PDMR Shareholding
9th Apr 20093:59 pmRNSAnnual Financial Report
19th Mar 20095:02 pmRNSDirector/PDMR Shareholding
18th Mar 20094:39 pmRNSDirector/PDMR Shareholding
17th Mar 20097:00 amRNSFinal Results
26th Jan 200911:14 amRNSHolding(s) in Company
15th Jan 20093:58 pmRNSDirector/PDMR Shareholding
14th Jan 20097:00 amRNSTrading Statement
2nd Jan 200910:07 amRNSTotal Voting Rights
3rd Dec 20083:10 pmRNSTotal Voting Rights
25th Nov 20087:00 amRNSStatement re Injectables Presentation
5th Nov 20087:00 amRNSInterim Management Statement
3rd Nov 200810:40 amRNSTotal Voting Rights
22nd Oct 20089:42 amRNSBlocklisting Interim Review
17th Oct 20085:26 pmRNSDirector/PDMR Shareholding
13th Oct 20082:26 pmRNSDirector/PDMR Shareholding
3rd Oct 20084:51 pmRNSTotal Voting Rights
15th Sep 20085:21 pmRNSDirector/PDMR Shareholding
2nd Sep 20085:30 pmRNSTotal Voting Rights
28th Aug 20087:00 amRNSInterim Results
6th Aug 20089:25 amRNSTotal Voting Rights
21st Jul 20087:00 amRNSTrading Statement
2nd Jul 200811:53 amRNSTotal Voting Rights
25th Jun 20084:31 pmRNSDirector/PDMR Shareholding
25th Jun 200811:43 amRNSHolding(s) in Company
15th May 20085:18 pmRNSResults of Annual General Mee
15th May 200811:00 amRNSAGM and IMS
15th May 20089:07 amRNSTR-1: Notifications of Major
12th May 20082:37 pmRNSAnnual Information Update
30th Apr 20083:22 pmRNSLTIP Awards
15th Apr 20082:40 pmRNSNotice of Annual Report

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.