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| Investor News | Fresenius Medical Care AG & Co. KGaA |
| Investor Relations | |
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| Contact: | |
| Oliver Maier | |
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| Fax: + 49 6172 609 2301 | |
| E-mail: ir@fmc-ag.com | |
| North America: | |
| Terry L. Morris | |
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| Fax: + 1 615 345 5605 | |
| E-mail: ir@fmc-ag.com | |
| Internet: www.fmc-ag.com | |
| September 16, 2008 |
Medical Care Announces Closing of the
License Agreement for Intravenous Iron Products
Germany Fresenius Medical Care AG & Co. KGaA, the world s
largest provider of dialysis products and services, today announced the closing of an exclusive
license agreement with Luitpold Pharmaceuticals, Inc., and its subsidiary
American Regent, Inc. for the manufacture and distribution of intravenous
(I.V.) iron products in the USA.
follows completion of the US Federal Trade Commission s (FTC) review of the
license agreement under the Hart-Scott-Rodino Act and the issuance of a consent
order to permit the closing.
Fresenius Medical Care entered into a separate and independent license and
distribution agreement with Galenica Ltd. and its subsidiary Vifor Pharma, for
certain countries in Europe and the Middle East, to market and distribute
intravenous Iron products, such as Venofer and Ferinject for dialysis treatment.
license agreement among Fresenius USA Manufacturing, Inc. (FUSA), Luitpold
Pharmaceuticals Inc., and American Regent, Inc. provides FUSA with exclusive
rights to manufacture and distribute Venofer to freestanding (non-hospital
based) US dialysis facilities. Luitpold Pharmaceuticals will continue to sell Venofer
for use in treating chronic kidney disease patients not yet on dialysis and in
treating patients with renal failure in hospitals.
Ben Lipps, Chief Executive Officer of Fresenius Medical Care, commented:
are pleased to be able to complete this agreement which strengthens our ability
to improve the treatment of Iron Deficiency Anemia experienced by dialysis
patients. We are delighted to have Galenica Ltd., Vifor Pharma, Luitpold
Pharmaceuticals, Inc. and American Regent, Inc., as partners. The license to make and
distribute these products is an important milestone in the execution of Fresenius
Medical Care s renal pharma strategy.
Fresenius Medical Care is the world s largest integrated provider of
products and services for individuals undergoing dialysis because of chronic
kidney failure, a condition that affects more than 1,600,000 individuals
worldwide. Through its network of 2,318 dialysis clinics in North America,
Europe, Latin America, Asia-Pacific and Africa, Fresenius Medical Care provides
dialysis treatment to more than 180,000 patients around the globe (as of June 30,
2008). Fresenius Medical Care is also the world s leading provider of dialysis
products such as hemodialysis machines, dialyzers and related disposable
products. Fresenius Medical Care is listed on the Frankfurt Stock Exchange
(FME, FME3) and the New York Stock Exchange (FMS, FMS/P). For more information
about Fresenius Medical Care visit the Company s website at www.fmc-ag.com.
diversified group active throughout the healthcare market which, among other
things, develops, manufactures and commercialises pharmaceutical products, runs
pharmacies, provides logistical and database services and sets up networks. The
Galenica Group enjoys a leading position in all its business sectors Pharma,
Logistics, HealthCare Information and Retail. A large part of the Group s
income is generated by international operations. Additional information on the
Galenica Group can be found at www.galenica.com.
Luitpold Pharmaceuticals, Inc., headquartered in Shirley, NY,
manufactures and distributes over 65 pharmaceutical products including Venofer (iron sucrose injection, USP), the leading IV
iron therapy in the U.S., through its human health subsidiary, American Regent,
Inc. Luitpold Pharmaceuticals, Inc., a Daiichi-Sankyo Group company, also
markets dental bone regeneration products and veterinary pharmaceuticals
through its Osteohealth and Animal Health divisions. Daiichi Sankyo Company,
Ltd., established in 2005 after the merger of two leading century-old Japanese
pharmaceutical companies, is a global pharmaceutical innovator, continuously
generating innovative drugs that enrich the quality of life for patients around
the world. For more information about Luitpold see www.luitpold.com.
This release contains forward-looking
statements that are subject to various risks and uncertainties. Actual results
could differ materially from those described in these forward-looking
statements due to certain factors, including changes in business, economic and
competitive conditions, regulatory reforms, foreign exchange rate fluctuations,
uncertainties in litigation or investigative proceedings, and the availability
of financing. These and other risks and uncertainties are detailed in Fresenius
Medical Care AG & Co. KGaA s reports filed with the U.S. Securities and
Exchange Commission. Fresenius Medical Care AG & Co. KGaA does not
undertake any responsibility to update the forward-looking statements in this