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RECORDATI : FINALIZES ITS ACQUISITION OF A PORTFOLIO OF PRODUCTS IN THE USA


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-01-21 09:20:04 -

Milan,  21 January 2013 - Recordati announces  the successful conclusion of  the
acquisition  of all rights concerning a  portfolio of products indicated for the
treatment of rare and other diseases and marketed mainly in the United States of
America, from Lundbeck LLC. The value of the transaction is of $ 100 million, of
which $ 80 million were paid at the closing.

The  acquired portfolio will be marketed in the U.S. by Recordati Rare Diseases,
a   wholly-owned  U.S.  corporation.  The  main  product  in  the  portfolio  is
Panhematin®  (haemin for injection) for the amelioration of recurrent attacks of
acute  intermittent  porphyria.  Other  important  drugs acquired are NeoProfen®
(ibuprofen 
lysine injection) and Indocin® I.V.  (indomethacin injection), indicated to close a clinically significant patent ductus arteriosus (PDA) in premature infants, and Cosmegen® (dactinomycin for injection) used mainly in the treatment of three rare cancers. Expected revenues in 2013 for the acquired portfolio are of around $ 40 million. Recordati, established in 1926, is a European pharmaceutical group, listed on the Italian Stock Exchange (Reuters RECI.MI, Bloomberg REC IM, ISIN IT 0003828271), with a total staff of over 3,200, dedicated to the research, development, manufacturing and marketing of pharmaceuticals. Headquartered in Milan, Italy, Recordati has operations in the main European countries, in Central and Eastern Europe, and in Turkey.  A field force of around 1,700 medical representatives promotes a wide range of innovative pharmaceuticals, both proprietary and under license, in a number of therapeutic areas including a specialized business dedicated to treatments for rare diseases. Recordati is a partner of choice for new product licenses from companies which do not have a European presence.  Recordati is committed to the research and development of new drug entities within the cardiovascular and urogenital therapeutic areas and of treatments for rare diseases.  Consolidated revenue for 2011 was € 762.0 million, operating income was € 163.5 million and net income was € 116.4 million. For further information: Recordati website:  www.recordati.com Investor Relations                                        Media Relations Marianne Tatschke Ketchum (39)0248787393                                        Cristina Risciotti, (39)0262411919, cristina.risciotti@ketchum.com e-mail: inver@recordati.it                                        Marzia Ongaretti, (39)0262411915, marzia.ongaretti@ketchum.com Statements contained in this release, other than historical facts, are "forward- looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are based on currently available information, on current best estimates, and on assumptions believed to be reasonable. This information, these estimates and assumptions may prove to be incomplete or erroneous, and involve numerous risks and uncertainties, beyond the Company's control. Hence, actual results may differ materially from those expressed or implied by such forward-looking statements. All mentions and descriptions of Recordati products are intended solely as information on the general nature of the company's activities and are not intended to indicate the advisability of administering any product in any particular instance. Recordati finalizes its acquisition of a portfolio in USA: hugin.info/143644/R/1671720/543453.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: RECORDATI via Thomson Reuters ONE [HUG#1671720]


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