Novartis Strongly Extends its Leading Presence in Women's Health / Key Hormone Replacement Products Sublicensed From Rhone-Poulenc Rorer
5.10.1999, 14:07
BASEL, Switzerland, and ANTONY, France, and COLLEGEVILLE, Pa.
(PROTEXT) - Novartis Pharma AG, the global pharmaceutical sector
of the life sciences company Novartis, and Rhone-Poulenc Rorer
Inc. (RPR), the global pharmaceutical subsidiary of Rhone-Poulenc
S.A. (NYSE: RP) announce their signing of sublicensing agreements
for the marketing of Estalis(R) (estradiol/norethisterone acetate
transdermal system) and Menorest(R) (transdermal 17-beta-
estradiol), two hormone replacement systems for the treatment of
menopausal symptoms and for the prevention of osteoporosis.
Financial terms of the agreements are not disclosed.
"This transaction is strategic for Novartis on two counts,"
said Jerry Karabelas, Head of Novartis Healthcare and CEO of
Novartis Pharma AG. "First, it significantly builds our leading
franchise in women's health with an excellent product fit that
extends the versatility of our offer to doctors and patients
across a broad spectrum of hormone replacement therapy needs.
Secondly, it reflects our stated aim of adding to top line growth
through greater emphasis on licensing activity."
Under the terms of the agreements Novartis will acquire
exclusive marketing rights to the products in Europe and other
world markets, and assume ownership of the products and related
assets, in these territories. RPR will continue to market
Estalis(R) under the registered trade name CombiPatch(R)
(estradiol/norethindrone acetate transdermal system) in the US,
and will continue the development of Estalis(R) and Menorest(R)
in Japan. Both hormone replacement systems were originally
developed by Noven Pharmaceuticals (Nasdaq: NOVN) who licensed
them exclusively to RPR, and who will continue to supply both
Novartis and RPR.
Novartis pioneered the transdermal hormone replacement therapy
market in the 1980s, especially in combination therapy products,
meeting the needs of peri and post menopausal women. By the year
2005, it is conservatively estimated that 36% of women worldwide
will be aged over 50 with a potential need for alleviation of
distressing menopausal symptoms that compromise quality of life.
Such symptoms include disturbed sleep, memory loss, skin atrophy,
and brittle bones.
Novartis is a world leader in Life Sciences with core
businesses in Healthcare, Agribusiness and Consumer Health
(Nutrition and Self-Medication). In 1998, Novartis Group sales
were CHF 31.7 billion, of which CHF 17.5 billion were in
Healthcare, CHF 8.4 billion in Agribusiness and CHF 5.8 billion
in Consumer Health. The group annually invests more than CHF 3.7
billion in R&D. Headquartered in Basel, Switzerland, Novartis
employs about 82,000 people and operates in over 140 countries
around the world.
Rhone-Poulenc Rorer is a global pharmaceutical company
dedicated to improving human health. Rhone-Poulenc S.A. (NYSE:
RP) is a leading life sciences company, growing through
innovations in human, plant and animal health and through its
specialty chemicals subsidiary, Rhodia. With sales in 1998 of
FF86.8 billion (US$14.8 billion; Euros 13.2 billion), the company
employs 65,000 people in 160 countries worldwide. The RPR
Internet web site is at http://www.rp-rorer.com. ots Original
Text Service: Rhone-Poulenc Rorer Inc. Internet:
http://www.newsaktuell.de Contact: Nerys Wadham of Novartis, 41
61 324 2440; or Terri Pedone, 610-454-8284, or Karen Scott, 33-1-
55-71-7622, both of Rhone-Poulenc Rorer Web site: http://www.rp-
rorer.com
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