Orexo Sees Very Limited Exposure to the UK and the British Pound
22 6월 2016 - 1:39AM
Business Wire
Regulatory News:
In response to recent week´s media attention to companies
exposure to brexit and GBP Orexo AB (publ) (STO:ORX) today
clarifies that its exposure to the UK and thereby fluctuations in
the GBP is very limited. Orexo has no direct income in GBP and has
only limited indirect exposure to GBP through the Abstral® partner,
Kyowa Kirin’s (former Prostrakan), sales of Abstral in the UK.
Royalties from sales of Abstral in the UK amounts to less than 1
percent of Orexo’s annual net revenue and is invoiced by Orexo in
euro.
Earlier Orexo has earned one-off Abstral milestone payments in
GBP and hence Orexo was historically more exposed to GBP.
About Orexo
Orexo is a specialty pharmaceutical company commercializing its
proprietary product Zubsolv® for maintenance treatment of opioid
dependence in the US. Zubsolv is an advanced formulation of
buprenorphine and naloxone using Orexo’s unique knowledge and
expertise in sublingual drug delivery. R&D is focusing on
reformulation of known substances to new improved products that
meet great unmet medical needs by using its patented
proprietary technologies. Orexo’s share is listed on Nasdaq
Stockholm Exchange Mid Cap (STO:ORX) and is available as ADRs on
OTCQX (ORXOY) in the US. Orexo’s global headquarters and R&D
are based in Uppsala, Sweden.
For information about Orexo, please visit www.orexo.com. To read
more about Zubsolv and opioid dependence, please visit
www.zubsolv.com and www.outthemonster.com.
Orexo AB (publ) discloses the information provided herein
pursuant to the Financial Instruments Trading Act. The information
was submitted for publication at 6:30 a.m. CET on June 21,
2016.
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version on businesswire.com: http://www.businesswire.com/news/home/20160621006262/en/
OrexoHenrik Juuel, EVP and Chief Financial OfficerTel: +46
(0)18-780 88 00E-mail: ir@orexo.comorLena Wange, IR &
Communications ManagerTel: +46 (0)18-780 88 00E-mail:
ir@orexo.com
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