"We are grateful for the very long and successful partnership with Shire. We also wish them the best of luck as they set up their own organization and continue to provide these valuable products to patients who need them in the Nordic countries. Since we will be able to transfer resources devoted to the Shire products to new products with strong growth opportunities, the revenue and profit impact will be limited" said Kennet Rooth, Head of Marketing and Sales at Swedish Orphan Biovitrum.
"Sobi and Shire have worked well together over a period of more than 12 years. This collaboration between Sobi and Shire has enabled us to bring several new medicines to the Nordic region to benefit patients in specialist fields such as haematology and nephrology at a time when Shire did not have its own infrastructure in these countries. I appreciate the professionalism of the Sobi management team and staff and thank them for the quality of their services over the years," said Tim Tustin, VP and Managing Director, Export at Shire.
About Swedish Orphan Biovitrum
Swedish Orphan Biovitrum is a Swedish based niche specialty pharmaceutical company with an international market presence. The company is focused on providing and developing specialist pharmaceuticals for rare disease patients with high medical needs. The portfolio consists of about 60 marketed products and an emerging late stage clinical development pipe-line. Our focus areas are: hemophilia, inflammation/autoimmune diseases, fat malabsorption, cancer supportive care and inherited metabolic disorders. Swedish Orphan Biovitrum had pro-forma revenues 2009e of about 2 BSEK and approximately 500 employees. The head office is located in Sweden and the share (STO: SOBI) is listed on NASDAQ OMX Stockholm. For more information please visit www.sobi.com.
For more information please contact: Swedish Orphan Biovitrum AB (publ):
Kennet Rooth, VP Marketing and Sales Phone. +46 8 697 23 30 Erik Kinnman, VP Investor Relations Phone: +46 73 422 15 40 E-mail: erik.kinnman@sobi.com
