The FINANCIAL — Nycomed was on track in 2009, with strong growth in Key Products and most emerging markets.
Pantoprazole sales were resilient after the loss of exclusivity in May in 12 European countries, as a result of a tailored approach to each region. The pipeline portfolio progressed strongly. Daxas was submitted to EMEA and the FDA for approval, and positive Phase III trial data were presented in September and published in the medical journal The Lancet. Nycomed is working closely with Forest Laboratories on the US commercialisation of this key product. The launch of Instanyl in Europe for the treatment of breakthrough pain in cancer patients is progressing well.
Håkan Björklund, CEO Nycomed, commented on the company's results:
"Nycomed demonstrated its resilience in 2009 with net turnover reaching €3,228 million. Key Products and most emerging markets grew strongly despite the economic downturn. While the loss of exclusivity for pantoprazole in May showed the anticipated impact on sales, the post-expiry performance was robust.
Our key development project, roflumilast (Daxas), has been progressing well. It was submitted to European and U.S. regulatory authorities in mid-2009 and we are working closely with our partner Forest Laboratories on the US commercialisation of the product. In September, full results from four phase III trials were published in the medical journal The Lancet and presented at the European Respiratory Society meeting in Vienna. The results reinforce our confidence in the drug's strong commercial prospects.
Instanyl has been introduced to European markets since September for the treatment of breakthrough pain in cancer and we are seeing faster market penetration than for recent competitor launches.
We are also continuing to strengthen our position in emerging markets. With the acquisition of a portfolio of 20 branded generic products, Nycomed strengthened its position in the faster growing markets of Central and Eastern Europe. In Russia, we will build a new production facility by 2014.
For 2010, our focus will be on pantoprazole, roflumilast and the emerging markets. We expect further decreases in sales of pantoprazole, our best-selling product, which we continue to support. The launch of roflumilast will be crucial for the long-term, as will be our growth in emerging markets and we dedicate our efforts accordingly. We are continuously looking into managing our costs. Nycomed is in a good shape to take advantage of the opportunities lying ahead of us."
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