Grifols’ Biotest to achieve USD 1 billion in US sales of Yimmugo® over next seven years
Biotest, a Grifols Group company, has projected USD 1 billion in U.S. sales of its FDA-approved intravenous immunoglobulin, Yimmugo®, over the next seven years. Expected to launch in Q1 2025, Yimmugo will be distributed by Kedrion in the U.S. This marks Grifols' expansion in the U.S. market for immunodeficiency treatments, leveraging its existing portfolio and new proteins like fibrinogen and trimodulin, both in late-stage development. Yimmugo is the first Biotest product from their new FDA-certified facility in Germany, enhancing Grifols' strategy to meet rising demand for immunoglobulins.
- Biotest forecasts USD 1 billion in U.S. sales for Yimmugo® over seven years.
- FDA approval for Yimmugo® to treat primary immunodeficiencies.
- Launch in Q1 2025 with distribution by Kedrion.
- Expansion of Grifols' U.S. portfolio in the immunodeficiency treatment market.
- New proteins, fibrinogen and trimodulin, in late-stage development.
- None.
Insights
Financial Outlook: The expected
The launch in early 2025 also signals a strategic timing, allowing for ample market preparation and positioning. Leveraging Kedrion's distribution network, Grifols enhances its capacity to reach a broader patient base, potentially increasing sales efficiency and market penetration.
However, it's important to consider the competitive landscape. The immunoglobulin market is highly competitive, with established players like CSL Behring and Takeda. Grifols’ ability to differentiate Yimmugo® and secure market share will be key to achieving its financial targets.
Rating:
Medical Significance: The FDA approval of Yimmugo® is a testament to its clinical efficacy and safety. This intravenous immunoglobulin addresses primary immunodeficiencies (PID), a condition where part of the immune system is either absent or malfunctioning. This approval provides an important new therapeutic option for patients.
The introduction of Yimmugo® as part of Grifols' broader portfolio highlights the company’s commitment to expanding its therapeutic offerings. The mention of other pipeline proteins, like fibrinogen and trimodulin, further emphasizes Grifols' strategy to diversify its product range to meet various medical needs.
Future Prospects: Fibrinogen being the first to potentially receive a U.S. indication for acquired fibrinogen deficiency would position Grifols as a pioneer in this niche. Trimodulin has significant potential given the medical burden of community-acquired pneumonia.
Rating:
- Biotest, a Grifols Group company, is expected to launch its recently FDA-approved intravenous immunoglobulin in the U.S. in first quarter 2025
- Yimmugo will be distributed by Kedrion in the U.S. as part of a broader Group channel strategy, with Grifols focusing on continued growth of its current portfolio for this market
- It adds to Grifols’ strong franchise of intravenous and subcutaneous immunoglobulins to meet growing patient demand for these therapeutics
- Yimmugo will be followed by other proteins in the pipeline, including fibrinogen and trimodulin, both in late-stage development
BARCELONA, Spain, July 01, 2024 (GLOBE NEWSWIRE) -- Grifols (MCE:GRF, MCE:GRF.P, NASDAQ:GRFS), one of the world’s leading producers of plasma-derived medicines, today announced that Biotest, a Grifols Group company, forecasts approximately USD 1 billion in revenue from sales in the United States of its intravenous immunoglobulin (Ig) Yimmugo® during the next seven years, following recent Food and Drug Administration (FDA) approval to treat primary immunodeficiencies (PID).
Yimmugo is the first Biotest medicine to be commercialized in the U.S. from its new FDA-certified “Next Level” production facility in Dreieich, Germany, which is already approved for production and marketing in Europe, where Yimmugo has been commercialized since late 2022. It will launch in the U.S. in the first quarter of 2025 and be distributed by Kedrion under a seven-year agreement with Biotest, part of an overarching Grifols Group channel strategy to ensure extensive reach and availability of its Ig therapeutics. Grifols Group and Kedrion have a longstanding collaborative relationship.
Grifols itself will focus on continuing the growth of its leading and well-established intravenous and subcutaneous Ig treatments. Now, with Yimmugo, the Group’s U.S. portfolio will have an additional option to address the growing demand for Ig to treat immunodeficiencies, in which part of the body’s immune system is missing or does not function properly, and other medical conditions.
“Ensuring that patients receive the best possible care is at the core of our mission,” said Roland Wandeler, President Grifols Biopharma Business Unit. “Our distribution strategy will enable us to maximize the availability of Grifols' top-tier intravenous and subcutaneous immunoglobulins across the U.S., offering patients a comprehensive range of effective treatment options.”
Yimmugo, a key driver of Grifols Group’s U.S. growth strategy, will be followed by other Group proteins in this market, including fibrinogen and trimodulin, both in late-stage development. Its fibrinogen concentrate would be the first to receive a U.S. indication to treat acquired fibrinogen deficiency, while trimodulin is a polyvalent antibody composition for community-acquired pneumonia (CAP) or severe community-acquired pneumonia (sCAP).
"With Yimmugo we are very excited to enter this important market for our industry and are committed to developing and delivering more therapies to patients in the U.S. in the coming years," said Peter Janssen, CEO of Biotest AG. "I am confident that Yimmugo will be a commercial success in the U.S. and provide an additional meaningful treatment option to patients."
About Yimmugo® (IgG Next Generation)
Yimmugo is a newly developed polyvalent immunoglobulin G preparation from human blood plasma for intravenous administration (IVIg). The sugar-free ready-to-use solution is approved in the US for substitution therapy in primary antibody deficiency syndromes. Yimmugo is the first approved product from the new Biotest Next Level production facility. The modern production process stands for the highest product quality and an extremely responsible use of resources.
IMPORTANT SAFETY INFORMATION
WARNING: THROMBOSIS, RENAL DYSFUNCTION and ACUTE RENAL FAILURE
See full Prescribing Information for YIMMUGO.
- Thrombosis may occur with immune globulin intravenous (IGIV) products, including YIMMUGO. (5.3)
- Renal dysfunction, acute renal failure, osmotic nephrosis, and death may occur with the administration of IGIV products in predisposed patients. Renal dysfunction and acute renal failure occur more commonly in patients receiving IGIV products containing sucrose. YIMMUGO does not contain sucrose. (5.4)
For patients at risk of thrombosis, renal dysfunction or renal failure, administer YIMMUGO at the minimum dose and infusion rate practicable. Ensure adequate hydration in patients before administration. Monitor for signs and symptoms of thrombosis and assess blood viscosity in patients at risk for hyperviscosity. (2.1, 2.3, 5.3)
About Grifols
Grifols is a global healthcare company founded in Barcelona in 1909 committed to improving the health and well-being of people around the world. A leader in essential plasma-derived medicines and transfusion medicine, the company develops, produces, and provides innovative healthcare services and solutions in more than 110 countries.
Patient needs and Grifols’ ever-growing knowledge of many chronic, rare and prevalent conditions, at times life-threatening, drive the company’s innovation in both plasma and other biopharmaceuticals to enhance quality of life. Grifols is focused on treating conditions across a broad range of therapeutic areas: immunology, hepatology and intensive care, pulmonology, hematology, neurology, and infectious diseases.
A pioneer in the plasma industry, Grifols continues to grow its network of donation centers, the world’s largest with over 390 across North America, Europe, Africa and the Middle East, and China.
As a recognized leader in transfusion medicine, Grifols offers a comprehensive portfolio of solutions designed to enhance safety from donation to transfusion, in addition to clinical diagnostic technologies. It provides high-quality biological supplies for life-science research, clinical trials, and for manufacturing pharmaceutical and diagnostic products. The company also supplies tools, information and services that enable hospitals, pharmacies and healthcare professionals to efficiently deliver expert medical care.
Grifols, with more than 23,000 employees in more than 30 countries and regions, is committed to a sustainable business model that sets the standard for continuous innovation, quality, safety, and ethical leadership.
The company’s class A shares are listed on the Spanish Stock Exchange, where they are part of the Ibex-35 (MCE:GRF). Grifols non-voting class B shares are listed on the Mercado Continuo (MCE:GRF.P) and on the U.S. NASDAQ through ADRs (NASDAQ:GRFS). For more information about Grifols, please visit www.grifols.com
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LEGAL DISCLAIMER
The facts and figures contained in this report that do not refer to historical data are “future projections and assumptions”. Words and expressions such as “believe”, “hope”, “anticipate”, “predict”, “expect”, “intend”, “should”, “will seek to achieve”, “it is estimated”, “future” and similar expressions, in so far as they relate to the Grifols group, are used to identify future projections and assumptions. These expressions reflect the assumptions, hypotheses, expectations and predictions of the management team at the time of writing this report, and these are subject to a number of factors that mean that the actual results may be materially different. The future results of the Grifols group could be affected by events relating to its own activities, such as a shortage of supplies of raw materials for the manufacture of its products, the appearance of competitor products on the market, or changes to the regulatory framework of the markets in which it operates, among others. At the date of compiling this report, the Grifols group has adopted the necessary measures to mitigate the potential impact of these events. Grifols, S.A. does not accept any obligation to publicly report, revise or update future projections or assumptions to adapt them to events or circumstances subsequent to the date of writing this report, except where expressly required by the applicable legislation. This document does not constitute an offer or invitation to buy or subscribe shares in accordance with the provisions of the following Spanish legislation: Royal Legislative Decree 4/2015, of 23 October, approving recast text of Securities Market Law; Royal Decree Law 5/2005, of 11 March and/or Royal Decree 1310/2005, of 4 November, and any regulations developing this legislation. In addition, this document does not constitute an offer of purchase, sale or exchange, or a request for an offer of purchase, sale or exchange of securities, or a request for any vote or approval in any other jurisdiction. The information included in this document has not been verified nor reviewed by the external auditors of the Grifols group.
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