Genus PLC
15 December 2004
For Immediate Release 15 December 2004
Genus plc
New Pharmaceutical Product
Genus plc ('Genus') the Global bovine genetics company has concluded negotiation
for a new veterinary product for its veterinary sales and marketing business,
Animalcare.
The agreement is with a large European based pharmaceutical supplier and gives
Animalcare the right to develop and register a generic version of an established
companion animal medicine in the UK and certain other countries in the EU.
Animalcare expects, at product maturity, to gain a significant share of the
market for this product which is currently around £5m p.a. in the UK alone.
Richard Wood, Chief Executive of Genus, commented:
'I am delighted to announce this important development which confirms that
Animalcare is making good progress in its acquisition of high value
pharmaceutical products to extend its range.'
Contact:
Richard Wood, Chief Executive Tel: 01256 347101
David Timmins, Finance Director Tel: 01256 347102
Charles Ryland/Suzanne Brocks Tel: 020 7466 5000
Buchanan Communications
This information is provided by RNS
The company news service from the London Stock Exchange
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