Regulatory Filings • Mar 8, 2012
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Download Source FileALK, the world leader in allergy immunotherapy, invests 18 million EUR in
expansion of production facilities in France. The expansion will support an
increasing demand for ALK´s existing products in France and facilitate the
introduction of a new, improved European drop based SLIT product.
Copenhagen, 2012-03-08 08:29 CET (GLOBE NEWSWIRE) --
Today, ALK announces that it has decided to invest in expanding the existing
production facilities in France to support an increasing demand for ALK´s
existing products in the French allergy immunotherapy market which is the
second-largest market in Europe and one that has become increasingly important
to ALK.
The expansion in France will furthermore support the introduction of a new,
improved sublingual immunotherapy (SLIT) product called SLIToneULTRA®. The new
SLIT product upgrades and consolidates ALK’s drop based product portfolio. The
product will initially be introduced as a so-called named patient product and
is expected to be launched in a series of European countries outside France.
SLIToneULTRA® will have several distinct improvements over existing therapies
and will cover the most relevant allergies. The product is expected to further
strengthen ALK’s market position in Europe. The expanded facilities in France
will become ALK’s centre of excellence for the sublingual product supply,
including that of SLIToneULTRA®.
“We have been present in France since 2005 and are very pleased with the market
development. To reinforce our growth opportunities and profitability, we have
decided to invest further in serving this important market and at the same time
to consolidate our European drop based SLIT production. The investment
highlights our long term commitment to further develop allergy immunotherapy to
the benefits of the many allergy sufferers” says President and CEO at ALK, Jens
Bager.
The investment of 18 million EUR is expected to be completed by 2014. In 2012,
ALK consequently expects an increased level of capital expenditure, however,
the decision does not change ALK’s financial outlook for 2012. ALK continues to
expect total revenue of up to DKK 2.4 billion and operating profit (EBITDA) to
exceed DKK 300 million.
ALK-Abelló A/S
Jens Bager
For further information please contact:
Jens Bager, President and CEO, tel. +45 4574 7576
Investor Relations: Per Plotnikof, mobile +45 2261 2525
Press: Martin Barlebo, tel. +45 4574 7901, mobile +45 2064 1143
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