RECORDATI OBTAINS TRANSACT LAT(R) LICENSE FROM AMDIPHARM
MILAN, ITALY, Jul 13 (MARKET WIRE) --
Recordati announces the signature of an agreement with Amdipharm, an
international pharmaceutical group based in the U.K., for the marketing
and sales in Italy and Portugal of TransAct LAT(R) (local action
transcutaneous), a transdermal patch containing 40 mg of flurbiprofen
indicated for the symptomatic relief of localized pain involving the
musculoskeletal system. The product is already on the market in Italy and
in Portugal with overall annual sales of approximately EUR 13 million.
TransAct LAT(R) is an original system for the administration of
flurbiprofen, a well known and widely prescribed non steroidal anti-
inflammatory drug (NSAID), which improves its tolerability profile.
Recordati has an established franchise in pain and inflammation management
and the addition of this product provides a valid further choice for the
medical practitioner.
Amdipharm is an International pharmaceutical company. Recognised for its
young, dynamic and entrepreneurial image, Amdipharm has garnered a
significant level of growth and success since its inception in 2002 and is
now widely considered a partner of choice with respect to both the
acquisition and management of established brands. Already the company
boasts a portfolio of over 60 products which generate sales in over 100
countries. Sales in 2009 are projected to exceed EUR 185 million.
Recordati, established in 1926, is a European pharmaceutical group, listed
on the Italian Stock Exchange (Reuters RECI.MI, Bloomberg REC IM, ISIN IT
0003828271),with a total staff of over 2,900, dedicated to the research,
development, manufacturing and marketing of pharmaceuticals. It has
headquarters in Milan, Italy, operations in the main European countries,
and a growing presence in the new markets of Central and Eastern Europe. A
European field force of over 1,400 medical representatives promotes a wide
range of innovative pharmaceuticals, both proprietary and under license,
in a number of therapeutic areas including a specialized business
dedicated to treatments for rare diseases. Recordati's current and
growing coverage of the European pharmaceutical market makes it a partner
of choice for new product licenses from companies which do not have
European marketing organizations. Recordati is committed to the research
and development of new drug entities within the cardiovascular and
urogenital therapeutic areas and of treatments for rare diseases.
Consolidated revenue for 2008 was EUR 689.6 million, operating income was
EUR 144.7 million and net income was EUR 100.4 million.
For further information:
Recordati website: www.recordati.com
Investor Relations
Marianne Tatschke
(39)0248787393
e-mail: inver@recordati.it
Media Relations
Claudio Rossetti (Echo Comunicazione d'Impresa)
(39)02 62694736
e-mail: crossetti@echocom.it
Statements contained in this release, other than historical facts, are
"forward-looking statements" (as such term is defined in the Private
Securities Litigation Reform Act of 1995). These statements are based on
currently available information, on current best estimates, and on
assumptions believed to be reasonable. This information, these estimates
and assumptions may prove to be incomplete or erroneous, and involve
numerous risks and uncertainties, beyond the Company's control. Hence,
actual results may differ materially from those expressed or implied by
such forward-looking statements. All mentions and descriptions of
Recordati products are intended solely as information on the general
nature of the company's activities and are not intended to indicate the
advisability of administering any product in any particular instance.
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