Ad-hoc announcement pursuant to art. 53 SIX Swiss Exchange Listing Rules MEDIA RELEASE Proposed transaction would seamlessly align with Sandoz strategic objective of capitalizing on projected USD 300 billion biosimilar market opportunity over next 10 years[1]Intended acquisition would reinforce in-house biosimilar development and manufacturing capabilities, while creating additional strategic flexibilitySandoz would acquire Just-Evotec Biologics (JEB) activities in Toulouse, France, including proprietary pl ...

Amneal Pharmaceuticals (AMRX) FY Conference Summary Industry Overview - The generics pharmaceuticals industry is crucial, with 92% of prescriptions filled by generics, referred to as the "affordable medicines group" which includes biosimilars and certain hospital injectables [3][4] - The industry is vital for national security and patient affordability, preventing high costs and shortages [4] Company Vision and Strategy - Amneal Pharmaceuticals aims to expand its core business and focus on biosimilars, targeting to be among the top five players globally in the next five to seven years [5][6] - The biosimilars market presents a significant opportunity, with an estimated annual revenue potential of $500 million to $4 billion from currently underdeveloped molecules [5][6] - The company plans to develop a robust pipeline of 15 to 25 assets annually, emphasizing the complexity of manufacturing and R&D in this space [7] Growth Areas - Amneal is focusing on the GLP-1 diabetes and weight management therapy market, with a significant potential customer base in India, estimated at 55 million people who can afford the therapy [9][10] - The company has secured marketing rights for 20 countries and is positioned as a major supplier for the Metsera product, which is expected to drive growth [8][9] Market Dynamics - The generics market is experiencing typical price erosion of 4-6%, but volume increases from a large portfolio can offset this [15] - The company anticipates a doubling of opportunities in the next five years due to an increase in loss of exclusivity (LOE) products [15][16] - Government incentives are expected to support the affordable medicines industry, leading to growth in both small and large molecule biosimilars [16] Regulatory and Policy Considerations - Amneal is actively lobbying against potential tariffs on the generic industry, arguing that such measures would not bring manufacturing back to the U.S. and could jeopardize national health security [20][22] - The company maintains that 70% of its production value is based in the U.S., which positions it well to handle potential tariff impacts [28] Financial Outlook - The EBITDA margin is currently at 22% and is expected to grow over time, with a focus on maintaining cash generation and reducing leverage [63][99] - Amneal is exploring vertical integration through potential acquisitions, such as Kashiv Bioscience, to enhance its biosimilars business [89][90] Product Development and Launches - The company is confident in the trajectory of its branded products, particularly Crexon, which is expected to achieve peak revenues of $300 million to $500 million [75][81] - Amneal is also preparing to launch a new migraine treatment device, which is anticipated to enhance patient convenience and market presence [85][86] Conclusion - Amneal Pharmaceuticals is strategically positioned to leverage growth in the generics and biosimilars markets, with a strong focus on R&D, partnerships, and navigating regulatory challenges to enhance its market share and financial performance [12][13][31]

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