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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Sanofi    SAN   FR0000120578

SANOFI (SAN)

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Zealand Pharma Aktieselskabet : reports Q1 2017 royalty revenue

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04/29/2017 | 02:18pm CEST

(GlobeNewswire) - Company announcement - No. 13/2017

Zealand reports Q1 2017 royalty revenue

Zealand reports royalty revenue of DKK 8.0 million in Q1 2017

DKK 5.1 million arises from royalties on sales of Lyxumia/Adlyxin(TM)

DKK 2.9 million arises from royalties on the first sales of Soliqua 100/33 in the U.S.

Copenhagen, April 28, 2017 - Zealand Pharma ("Zealand") reports Q1 2017 royalty revenue from Sanofi`s sales of Lyxumia/Adlyxin(TM) (lixisenatide) of DKK 5.1 million and from Soliqua 100/33 of DKK 2.9 million.

Lixisenatide is a once-daily prandial GLP-1 receptor agonist for the treatment of patients with type 2 diabetes and was invented by Zealand. Zealand licensed the global development and commercialization rights to lixisenatide to Sanofi. Lixisenatide is marketed under the brand name Lyxumia in over 45 countries and was launched in the United States under the brand name Adlyxin(TM) in January 2017.

Sanofi has also developed a combination of lixisenatide and insulin glargine 100 units/mL (Lantus), which was launched under the brand name Soliqua100/33 in the United States in January 2017 and is expected to launch under the brand name Suliqua in certain EU countries starting from the second quarter of 2017.

Since January 2017, Soliqua 100/33 (insulin glargine 100 Units/mL & lixisenatide 33 mcg/mL injection) has been available by prescription in US pharmacies. Soliqua 100/33 is approved in the United States as an adjunct therapy to diet and exercise to improve glycemic control in adults with type 2 diabetes mellitus inadequately controlled on basal insulin (less than 60 Units daily) or lixisenatide alone.

Zealand`s Interim report for the first three months of 2017 will be published on May 17 and will contain more information relating to the launch of Soliqua 100/33.

For further information, please contact:

Britt Meelby Jensen, CEO and President Tel.: +45 51 67 61 28, e-mail: [email protected]

Mats Blom, Senior Vice President, Chief Financial OfficerTel.: +45 31 53 79 73, e-mail: [email protected]

About Zealand Pharma A/S Zealand Pharma A/S (Nasdaq Copenhagen: ZEAL) ("Zealand") is a biotechnology company focused on the discovery, design and development of innovative peptide-based medicines. Zealand has a portfolio of medicines and product candidates under license collaborations with Sanofi, Boehringer Ingelheim and Helsinn, and a pipeline of product candidates focusing on specialty gastrointestinal and metabolic diseases.2Zealand`s first invented medicine, lixisenatide, a once-daily prandial GLP-1 receptor agonist for the treatment of type 2 diabetes, is licensed to Sanofi. Lixisenatide is marketed as Adlyxin in the U.S. and as Lyxumia in the rest of the world. Lixisenatide has been developed in a combination with basal insulin glargine (Lantus) and is marketed as Soliqua 100/33 in the U.S. and has been approved as Suliqua(TM) in Europe.

Zealand`s pipeline includes: dasiglucagon* (ZP4207, single-dose rescue treatment) for acute, severe hypoglycemia (Phase 2); glepaglutide* (ZP1848) for short bowel syndrome (Phase 2); dasiglucagon* (ZP4207, multiple-dose version) intended for use in a dual-hormone artificial pancreas system for improved hypoglycemia control and diabetes management (Phase 2) and other earlier-stage clinical and preclinical peptide therapeutics.

Zealand is based in Copenhagen (Glostrup), Denmark. For further information about the Company`s business and activities, please visit www.zealandpharma.com or follow Zealand on Twitter @ZealandPharma.

* Dasiglucagon and glepaglutide are proposed International Nonproprietary Names (pINN).

Attachments:

http://www.globenewswire.com/NewsRoom/AttachmentNg/ffc89298-c0cd-4173-8962-b5d7e4187974

(c) 2017 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2017 36 455 M
EBIT 2017 9 316 M
Net income 2017 6 663 M
Debt 2017 4 680 M
Yield 2017 3,51%
P/E ratio 2017 16,71
P/E ratio 2018 17,91
EV / Sales 2017 3,20x
EV / Sales 2018 3,06x
Capitalization 111 902 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 83,5 €
Spread / Average Target -3,6%
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Olivier Brandicourt Chief Executive Officer & Director
Serge Weinberg Chairman
Jérôme Contamine Chief Financial Officer & EVP-Finance
Elias A. Zerhouni President-Global Research & Development
Yong-Jun Liu Head-Global Research & Development
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