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AFT Pharmaceuticals Limited — Capital/Financing Update 2021
Apr 6, 2021
66146_rns_2021-04-07_c7a777ae-73c2-4b4c-b68d-9c1bb3993629.pdf
Capital/Financing Update
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7 April 2021
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AFT secures new partners in Poland and Greece
AFT Pharmaceuticals (NZX.AFT, ASX.AFP) today announces an extension to its Maxigesic[®] commercialisation agreements, adding the Polish Company Mercapharm Sp.z.o.o (‘Mercapharm’) and the Greek Company Vianex S.A. (“Vianex”) as partners for the patented combination pain killer.
These agreements cover territories with a total population of more than 48.5 million people[1] .
Vianex has licensed the rights to the Maxigesic IV [®] intravenous product in the Greek market while Mercapharm’s new distribution agreement covers the tablet, oral liquid, hot drink, fast-dissolve and dry powder sachets as well as Maxigesic IV.
With the addition of Poland to the oral Maxigesic line AFT has now secured partners in 23 out of the 27 EU member states, while Maxigesic IV now has partners for 22 member states.
AFT Pharmaceutical’s Managing Director Dr Hartley Atkinson says: “Mercapharm has an excellent understanding of the Polish market and with a population of 37.9 million (2019) we believe the country offers great potential for Maxigesic.”
Dr Atkinson said the new partner in Greece was well placed to drive the adoption of Maxigesic.
“Vianex is a strong local partner with excellent knowledge of the Greek hospital pharmaceutical sector and their strong sales reflect this,” Dr Atkinson said.
Mercapharm CEO, Rafal Barski, commented “Mercapharm is excited about taking on the opportunity to distribute the Maxigesic pipeline in Poland. It is a novel painkiller that offers an effective alternative to traditional ibuprofen and paracetamol (acetaminophen) painkillers alone.”
Maxigesic IV is expected to receive regulatory approval in Poland and Greece in mid2022 with sales expected to begin shortly thereafter.
Maxigesic IV (Paracetamol 1000mg+ Ibuprofen 300mg solution for infusion) is an intravenous formulation developed as a line extension to Maxigesic tablets, for use post-operatively in hospitals when patients cannot take a medicine orally.
A major Phase 3 clinical trial conducted in the USA found that Maxigesic IV provided significantly better pain relief than either paracetamol (acetaminophen) IV or ibuprofen IV alone in the same doses.[2]
AFT Pharmaceuticals Limited, Level 1, 129 Hurstmere Road, Takapuna, Auckland 0622, New Zealand Incorporated in New Zealand ARBN: ARBN 609 017 969 [email protected]
Following on from the registration of Maxigesic IV in Australia and New Zealand in mid2019, AFT has now licensed the medication in more than 90 countries. Meanwhile, the tablet form of Maxigesic has been licensed in more than 125 countries.
For and on behalf of AFT Pharmaceuticals limited by Malcolm Tubby, Chief Financial Officer.
For more information:
Investors
Dr Hartley Atkinson Managing Director AFT Pharmaceuticals Tel: +64 9488 0232
Media
Richard Inder The Project Tel: +64 21 645 643
About AFT Pharmaceuticals
AFT is a growing multinational pharmaceutical business with a broad range of products, both developed itself and in-licensed from third parties. AFT’s products cover all major pharmaceutical distribution channels: over-the-counter, prescription and hospital. Historically, AFT’s home markets have been Australia, New Zealand and South-East Asia. However, the company is out-licensing its own products to licensees and distributors to sell in an increasing number of countries around the world. The company’s intensive Research and Development programme forms the basis of its international sales strategy. For more information about the company, visit our website www.aftpharm.com.
About Mercapharm Sp. z.o.o
Mercapharm Sp. z.o.o., a company incorporated in Poland, founded in 2010 and having its registered office at ul. Swietopelka 39, 81-524 Gdynia, Poland.
References
1 Worldbank Population data 2019
2Daniels, S.E, Playne, R., Stanescu, I., Zhang, J., Gottlieb, I.J, Atkinson, H.C. (2019). Efficacy and safety of an intravenous acetaminophen/ibuprofen fixed-dose combination after bunionectomy: A randomized, double-blind, factorial, placebocontrolled trial. Clinical Therapeutics 41 (10): 1982-1995. Research sponsored by AFT Pharmaceuticals.
AFT Pharmaceuticals Limited, Level 1, 129 Hurstmere Road, Takapuna, Auckland 0622, New Zealand Incorporated in New Zealand ARBN: ARBN 609 017 969 [email protected]