Basilea's Cresemba Achieves New Sales Milestone in Asia Pacific
Strong Sales Performance of Cresemba in Asia Pacific
Basilea Pharmaceutica Ltd has recently acknowledged a significant milestone related to the sales of its antifungal treatment, Cresemba (isavuconazole), in the Asia Pacific region and China. Thanks to the ongoing sales momentum driven by its license partner, Pfizer Inc., Basilea will receive an additional milestone payment of $2.5 million this year. This positive trend reflects the increasing global demand for advanced antifungal therapies and indicates a growing recognition of Cresemba's clinical value.
CEO's Insights on Market Growth
David Veitch, the Chief Executive Officer of Basilea, highlighted the importance of this milestone payment, emphasizing the strong uptake of Cresemba in China. He mentioned that the medication's success in such a crucial market underlines its effectiveness in treating severe infections. "We commend Pfizer for their dedication to making Cresemba accessible to patients in need," said Veitch. This partnership exemplifies the commitment both companies share in addressing urgent healthcare needs.
The Impact of Cresemba on Global Antifungal Market
The license agreement between Basilea and Pfizer encompasses not only China but also several other countries across the Asia Pacific region, excluding just the Nordic countries in Europe. With approvals in over 70 countries worldwide, Cresemba has proven its capabilities against invasive fungal infections. Market statistics indicate that Cresemba achieved total global sales reaching approximately USD 562 million during the last year, marking a notable 19 percent increase compared to the previous year. This remarkable growth positions Cresemba as a frontrunner among branded antifungals for treating invasive fungal infections.
Understanding Cresemba's Mechanism
Cresemba serves as an intravenous (i.v.) and oral azole antifungal agent. It stands out due to its effectiveness in treating infections caused by fungi such as aspergillosis and mucormycosis. The market approval process for isavuconazole has been extensive, enabling its availability in multiple regions, including Europe and the United States. This widespread access enhances the potential for positive therapeutic outcomes for patients.
About Basilea Pharmaceutica
Founded in 2000, Basilea Pharmaceutica Ltd is a commercial-stage biopharmaceutical company committed to developing innovative treatments for serious bacterial and fungal infections. The company is based in Switzerland and remains focused on meeting patient needs through its drug pipeline, which includes Cresemba and Zevtera, aimed at tackling critical medical challenges in healthcare.
Looking Ahead: Future Opportunities
Basilea continues to explore additional opportunities for expansion in both existing and new markets. The focus remains on broadening the reach of its products while ensuring the highest standards of quality and efficacy. With the growing demand for effective antifungal treatments, Basilea is poised to solidify its standing as a key player in the pharmaceutical industry.
Company Contact Information
For those seeking additional information regarding Basilea, Peer Nils Schröder, PhD, serves as the Head of Corporate Communications and Investor Relations. He can be contacted at +41 61 606 1102 or via email at media_relations@basilea.com.
Frequently Asked Questions
What is Cresemba used for?
Cresemba is used to treat severe fungal infections, specifically invasive aspergillosis and mucormycosis in adult patients.
Who markets Cresemba?
Cresemba is marketed by Basilea Pharmaceutica, and its distribution is supported through a partnership with Pfizer Inc.
How many countries is Cresemba available in?
Cresemba is available in over 70 countries around the world, highlighting its global reach and importance in combating fungal infections.
What are Basilea's other products?
In addition to Cresemba, Basilea has launched Zevtera, a treatment for bacterial infections, and continues to develop more anti-infective assets.
What is Basilea’s market focus?
Basilea focuses on developing and commercializing treatments for severe bacterial and fungal infections to meet urgent patient needs in healthcare.
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