APR Applied Pharma Research S.A. Today Announced That HBM Partners AG (“HBM”) Has Acquired A Minority Stake In APR
HBM Partners AG Invests in APR Applied Pharma Research SA
BALERNA, Switzerland & ZUG, Switzerland--(BUSINESS WIRE)--HBM Partners AG (“HBM”), one of the leading Swiss Private Equity Investors and global leader in healthcare-focused investments, has acquired a minority stake in the Swiss company APR Applied Pharma Research SA (“APR”) for an undisclosed amount. The fund’s advisor, Alexander Asam, will become a member of the Board of Directors of APR.
“We have followed the progress of APR for quite some time and are pleased to invest in APR. This investment underlines our strategy to invest in attractive, growing and internationally oriented firms. APR with its proven track record in formulation and development provides growth opportunities in various segments of the Healthcare industry” said Dr. Alexander Asam of HBM.
“We are pleased and honored to welcome HBM among our Shareholders“, said Paolo Galfetti, CEO and co-founder of APR, “over the last few years we have nicely progressed in transitioning APR from an entirely family owned company into a private, fast growing and revenue generating corporation with an exceptional track record in developing and licensing-out patient-centric, science driven and patent protected Healthcare products on a global basis. We are excited to be part of HBM’s portfolio companies and we are confident that HBM, together with our other institutional investor Bright Technology Fund, will be able to bring additional value to APR. Finally, we are also pleased about the opportunity to work with Alexander Asam who will bring to APR his extensive expertise and network in the pharmaceutical industry.”
As part of the transaction, Valentina Reiner, co-founder of APR, will resign from the board of APR while maintaining her management role within the company: we are all grateful to Valentina for all the efforts, dedication and value she offered to APR over her tenure.
About APR Applied Pharma Research s.a.
APR is a Swiss,
independent developer of science driven, patent protected Healthcare
products. The Company identifies, develops and licenses science driven,
value added products designed to address patient or consumer needs in
selected therapeutical areas on a global basis. In particular, APR is
currently focused on 2 (two) areas: (i) internally developed and
financed (alone or together with our co-development partners)
proprietary, value added products to be licensed to healthcare companies
for their commercialization, and (ii) support to third party projects by
offering added value R&D services under contract and fee for service
arrangements. APR has a balanced pipeline of revenue generating branded
products marketed in all major markets combined with a compelling
pipeline of products at different stage of development. APR has entered
into licensing and partnership agreements with pharmaceutical companies
in over 70 countries with international sales on a worldwide basis. For
press releases and other company information visit: www.apr.ch
About HBM Partners AG
HBM Partners is among the global
leaders in healthcare-focused investing with over USD 1 bn under
management. HBM focuses on development stage, growth and buy-out
financings of private companies as well as investments in public
companies. HBM Partners advises HBM Healthcare Investments AG, HBM
BioCapital and further specialized private-equity and public-equity
funds. HBM has a complementary team of experienced professionals to
source, analyze, execute and exit investments in the pharma/biotech,
medical devices and diagnostics industries. HBM Partners has been an
active contributor to value creation in its portfolio companies,
generating over40 trade sales and IPOs since inception. More information
can be found at www.hbmpartners.com
Contacts
HBM Partners AG,
Dr. Alexander Asam, T: +41 43 888 71 08
alexander.asam@hbmpartners.com
or
APR
Applied Pharma Research s.a.
Paolo Galfetti; CEO, T: +41 91
6957020
paolo.galfetti@apr.ch