MITEM PHARMA Expands Portfolio with DESFERAL Acquisition

Overview of MITEM PHARMA's Latest Acquisition

MITEM PHARMA, a dedicated pharmaceutical laboratory committed to Medicines of Major Therapeutic Interest (M.I.T.M.), is thrilled to announce its acquisition of the worldwide rights to DESFERAL® (deferoxamine), a critical medication in the field of hematology. This strategic transaction was facilitated by the support of TechLife Capital and MACSF, who recognize the importance of such medications to patient care.

The Importance of DESFERAL® in Healthcare

DESFERAL® (deferoxamine) is an injectable drug utilized in treating iron overload, a condition often resulting from blood transfusions in individuals suffering from diseases like beta-thalassaemia and sickle-cell anemia. With its inclusion on the WHO's list of essential medicines, DESFERAL® underscores its significance as a life-saving treatment.

Collaboration with Financial Partners

The successful acquisition of DESFERAL® was made possible through the backing of notable financial partners including TechLife Capital, MACSF, Access Capital Partners, and Swen Capital Partners. Their enthusiasm for supporting MITEM PHARMA stems from its unique focus on MITMs, which serve an invaluable service to patients worldwide. Although the specifics of the financial arrangement have not been disclosed, the collective ambition of these partners shines through their commitment to enhancing patient healthcare.

MITEM PHARMA’s Mission and Growth Strategy

MITEM PHARMA has established itself as a forward-thinking pharmaceutical entity that aims to refresh and expand treatment options for serious health conditions. By identifying therapeutic needs and ensuring the supply of vital medical products, as well as developing new therapeutic solutions, MITEM PHARMA strives to provide optimal treatments tailored to patients’ specific needs.

Global Reach of DESFERAL®

Currently, DESFERAL® is marketed in over 60 countries and is manufactured in Europe, attesting to its widespread acceptance and proven efficacy. Its injectable formulation is backed by a well-established safety profile, significantly enhancing its usability and effectiveness in clinical settings.

Understanding the Need for DESFERAL®

Conditions like beta-thalassaemia and sickle cell anemia serve as constant reminders of the healthcare challenges faced by millions globally. Beta-thalassaemia hampers the production of quality hemoglobin, while sickle cell anemia leads to abnormalities in red blood cell formation. These illnesses can cause severe oxygenation deficiencies in tissues and result in significant vascular complications. Worldwide, around 50 million people are affected by sickle cell anemia, with approximately 310,000 newborns diagnosed annually, while beta-thalassaemia impacts about 10 individuals per million.

Commitment to Rare Disease Treatment

With the acquisition of DESFERAL®, MITEM PHARMA is poised to strengthen its portfolio, which already includes four other MITMs. This acquisition marks a pivotal moment in MITEM PHARMA’s growth strategy as it aspires to become a major player in the realm of medications for severe and rare diseases.

Founders' Vision for Future Growth

Claude-Alain CUDENNEC and Eric THIERRY, the founders of MITEM PHARMA, expressed their pride in this acquisition, signifying their commitment to addressing both hereditary and rare diseases. Their statement highlighted the trust that Novartis has placed in them through this deal and underscored the professionalism and dedication of the MITEM PHARMA team. They are resolute in expanding their international presence and ensuring that essential treatments remain accessible to patients in need.

Strategic Insights from Financial Partners

Representatives from TechLife Capital, Jacques ROSSIGNOL and Jean-Max DEMIAUTTE, remarked on their satisfaction in assisting MITEM PHARMA as they navigate the complexities of the pharmaceutical landscape. They emphasized their intent to uphold the legacy of Novartis in managing this critical medication and their enthusiasm for its further development. Conversely, Sébastien COUVET, Financial Portfolio Manager at MACSF, reiterated MACSF's commitment to enhancing healthcare through strategic investments in companies like MITEM PHARMA.

About MITEM PHARMA

At its core, MITEM PHARMA is dedicated to elevating patients' quality of life by ensuring the availability of critical drugs that tackle severe diseases. Working alongside healthcare professionals and patient advocacy groups, the laboratory identifies urgent healthcare needs and enhances existing treatments. MITEM PHARMA operates across 15 countries spanning three continents, adapting to market demands to facilitate access to necessary medications in hematology, endocrinology, emergency cardiology, and medical dermatology.

Frequently Asked Questions

What is DESFERAL® and what is its primary use?

DESFERAL® (deferoxamine) is an injectable medication used to treat iron overload, particularly in patients receiving blood transfusions for conditions like beta-thalassaemia and sickle-cell anemia.

Why is MITEM PHARMA focused on Medicines of Major Therapeutic Interest?

MITEM PHARMA's focus on MITMs aims to meet critical healthcare needs by ensuring the availability of essential medications for serious diseases.

What role do financial partners play in this acquisition?

Financial partners like TechLife Capital and MACSF support MITEM PHARMA’s growth by providing the necessary funding and strategic guidance to enhance healthcare solutions.

How does MITEM PHARMA ensure drug availability?

By working closely with healthcare professionals and patient organizations, MITEM PHARMA identifies supply shortages and enhances or develops essential drug formulations to secure patient access.

In how many countries is DESFERAL® available?

DESFERAL® is currently marketed in over 60 countries, reflecting its global reach and acceptance in the medical community.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

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