DGAP-Adhoc: PAION GRANTS LICENCE FOR TURKEY TO ADD TO

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News Desk 2018
DGAP-Adhoc: PAION GRANTS LICENCE FOR TURKEY TO ADD TO R-PHARM TERRITORY

PAION AG / Key word(s): Contract 26.11.2013 14:40 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- PAION GRANTS LICENCE FOR TURKEY TO ADD TO R-PHARM TERRITORY - R-Pharm to extend Russian/CIS territory by adding Turkey - EUR 1.0 million upfront payment - EUR 3.0 million in future milestone payments - Low double digit royalties - Limited clinical bridging work in Turkey needed Aachen (Germany), 26 November 2013 - PAION AG (ISIN DE000A0B65S3; Frankfurt Stock Exchange General Standard: PA8) and R-Pharm, Russia, today announced that they have extended their license agreement for Remimazolam to include Turkey. TR-Pharm, based in Istanbul, is an affiliate of Moscow based Remimazolam licensee R-Pharm, which entered into an exclusive licence agreement for Russia (CIS) on October 30, 2013. TR-Pharm will manage the development and marketing approval process in Turkey. PAION will receive an upfront payment in the amount of EUR 1.0 million, potential regulatory and commercial milestone payments of up to EUR 3.0 million and low double digit royalties on net sales in the Territory. TR-Pharm intends to market Remimazolam in all indications with the lead indication anaesthesia and plans to start a bridging study in anaesthesia as soon as possible. ### Contact Ralf Penner Director Investor Relations / Public Relations PAION AG Martinstrasse 10-12 52062 Aachen - Germany Phone: +49 241 4453-152 E-mail: r.penner@paion.com www.paion.com Eugenia Kasyanenko PR-manager R-Pharm 10, Testovskaya st., 123317, Moscow Russian Federation Phone: +7 (495) 956 79 37 E-Mail: kasyanenko@rpharm.ru http://r-pharm.com/en/ Disclaimer: This release contains certain forward-looking statements concerning the future business of PAION AG. These forward-looking statements contained herein are based on the current expectations, estimates and projections of PAION AG's management as of the date of this release. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors. Should actual conditions differ from the Company's assumptions, actual results and actions may differ materially from any future results and developments expressed or implied by such forward-looking statements. Considering the risks, uncertainties and other factors involved, recipients should not rely unreasonably upon these forward-looking statements. PAION AG has no obligation to periodically update any such forward-looking statements to reflect future events or developments. 26.11.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: PAION AG Martinstr. 10-12 52062 Aachen Germany Phone: +49 (0)241-4453-0 Fax: +49 (0)241-4453-100 E-mail: info@paion.com Internet: www.paion.com ISIN: DE000A0B65S3 WKN: A0B65S Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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