About Egetis

Egetis is an innovative and integrated pharmaceutical company, focusing on projects in late-stage development for commercialization for treatments of serious diseases with significant unmet medical needs in the orphan drug segment

Business concept, long-term objectives and strategies

Vision

Egetis Vision is to bring unique therapies to patients with rare diseases that extend and improve quality of life.

Mission

Egetis purpose is to create value for patients, society and shareholders by developing and providing a portfolio of unique products for the treatment of rare diseases with substantial unmet medical need.

Business concept

Egetis will meet medical needs where there are no adequate treatments by developing drugs in the orphan drug segment with focus on late-stage development and commercialisation.

Long-term goals

  • Successfully develop Emcitate and Aladote for market approvals in 2024 and 2025/26, respectively
  • Commercialize Emcitate and Aladote through an inhouse focused organization in Europe/ North
    America and partnerships in RoW
  • Realize the full potential of our products via life-cycle management
  • Ensure fast and broad access to our products for the benefit of patients worldwide
  • Identify further assets that address the significant unmet medical need for patients with rare
    diseases
  • Provide an open culture that encourages Collaboration, Courage & Commitment
  • Egetis financial objective is to create increased value for shareholders in the long term

Strategies

Egetis’ place in the value chain

Egetis primarily focuses on pharmaceutical drug development in clinical phases through to market approval by pharmaceutical regulatory authorities and commercialisation. The Company aims to commercialise its orphan drug assets through a niche and focused commercial organisation.

Financing and business model

In its current situation, the Company intends to finance its operations primarily through equity and by out-licensing projects to commercial partners.

The Company intends to generate revenue primarily through sales of own products and/or licensing agreements for ongoing projects as well as through royalties when products are commercialized after gaining market approval.

License fees and royalties

Named Patient sales from Emcitate as well as license fees and royalties through strategic partnerships are the main sources of revenue for the Company. License fees are received when initiating partnerships or at defined milestones and are of a non-recurring nature. Royalties are received when a drug begins to be sold in the market. This form of revenue is of a recurring nature and is received as long as sales take place.

Major license agreement with Solasia

The agreement with the Japanese company Solasia is an example of licensing and an agreement for royalties upon commercialization. The company signed an exclusive licensing agreement in November 2017 for PledOx® in Japan, China, Hong Kong, Macau, South Korea and Taiwan and a second license agreement for the development and commercialisation of PledOx® in Asia, targeting neuropathy caused by taxanes and any other chemotherapy was entered in Q4 2019. License fees of up to MUSD 100 (corresponding to approximately MSEK 980) are divided into initial remuneration and partial payments linked to predefined milestones during continued development, the regulatory process and commercialization. In addition, Egetis is also entitled to royalties on future sales of the product. Solasia has also undertaken to fully finance the expansion of the global Phase III program to additional countries in Asia. To date, upfront and development milestones of ~7.5 MUSD have been received.

Share

Twitter
LinkedIn

Contact us

Address: Klara Norra Kyrkogata 26, SE 111 22 Stockholm, Sweden

Phone: +46 8 679 72 10

E-mail: info@egetis.com