Gerresheimer AG
ISIN: DE000A0LD6E6
WKN: A0LD6E
16 December 2024 09:00AM

EQS-News: Gerresheimer: FDA grants Tentative Approval of SQ Innovation’s Lasix® ONYU*

Gerresheimer AG · ISIN: DE000A0LD6E6 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2051409

EQS-News: Gerresheimer AG / Key word(s): Miscellaneous/Regulatory Admission
Gerresheimer: FDA grants Tentative Approval of SQ Innovation’s Lasix® ONYU*

16.12.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Gerresheimer: FDA grants Tentative Approval of SQ Innovation’s Lasix® ONYU*

  • Innovative combination product of furosemide and on-body device
  • Ready-to-market device designed, developed and manufactured by Gerresheimer
  • Patented device technology for precise administration

 Düsseldorf, Germany, December 16, 2024. Gerresheimer, an innovative system and solution provider and a global partner for the pharma, biotech and cosmetics industries, announces that the US Food and Drug Administration (FDA) granted SQ Innovation Tentative Approval for Lasix ONYU for the home treatment of fluid overload in congestive heart failure. Lasix ONYU is a combination product consisting of a novel high-concentration formulation of the diuretic furosemide and the Gerresheimer on-body drug delivery device. Tentative Approval indicates here that Lasix ONYU has met the regulatory standards for quality, safety and efficacy required for approval in the United States. Full approval was precluded because the FDA had granted market exclusivity in the USA for a competing product until October 2025. SQ Innovation will seek full approval in the U.S. after the expiration of the regulatory exclusivity period. First products of Lasix ONYU are now expected to be available on the market by the end of 2025. The Tentative Approval of the combination product underscores Gerresheimer's innovative strength and the market readiness of the Gerresheimer on-body drug delivery device.

 “The FDA’s Tentative Approval is a testament to our product and the people and partners who have contributed to this great endeavor, especially the Gerresheimer team”, says Pieter Muntendam, MD, Founder, President and CEO of SQ Innovation. “It is an important milestone. We look forward to commercializing this highly innovative combination product as soon as we receive final approval with the aim to improve patients' quality of life and reduce healthcare costs for the elderly.”

"The regulatory authority’s decision underlines the market readiness of our on-body drug delivery device," said Dietmar Siemssen, CEO of Gerresheimer AG. "It also clearly demonstrates our expertise as an innovative solution provider for our customers, from product design to regulatory submission and large-scale manufacturing. With our on-body devices for both small molecule drug formulations and large molecule biologics we can partner with our customers to address the global megatrend of home treatment, while also providing connectivity to remote therapeutic monitoring platforms.”

Device based on Gerresheimer’s innovative micropump technology

The cartridge-based infusor was designed and developed by Gerresheimer based on its proprietary infusor platform for subcutaneous drug delivery. The core technology is an innovative micropump which enables controlled, precise administration of a drug product according to a defined therapy regimen.

Designed with patient comfort and the environment in mind

The lightweight, compact device is patched onto the patient’s body, making it comfortable for the patient to wear while the drug is gently infused. The user-friendly design features a simple one-button operation with automatic needle insertion and retraction. The Lasix ONYU infusor has two components, a reusable electromechanical component, and a single-use sterile disposable component that is in contact with the drug solution and the body. The reusable component, which is rated for delivery of 48 treatments with diuretic furosemide, is recyclable. Because only the disposable unit requires sterilization, radiation can be used instead of chemical sterilization, and no electronic components end up in medical waste. This two-component concept was developed in line with Gerresheimer’s EcoDesign principles, which aim to increase product lifespan and reduce waste.

Reducing total cost of care and improving patients’ quality of life

The combination product Lasix ONYU also opens up possibilities to reduce the total cost of care. The two-component design results in a lower cost per treatment, because only the disposable part of the device needs to be replaced. Most importantly, the infusor allows for home treatment, reducing the length of hospital stay or avoiding the need for hospitalization for intravenous diuretic administration altogether.

First products expected to be available end of 2025 

In addition to Gerresheimer’s role in design and development Gerresheimer also manages production of the device as a full-service solution provider. The disposable unit for the infusor is, for example, produced at the Gerresheimer facility in Wackersdorf, Germany, on a high-capacity semi-automated line.

SQ Innovation will seek full approval in the U.S. after the competitive product's regulatory exclusivity period expires in October 2025. First products of Lasix ONYU are now expected to be available on the market by the end of 2025. 

 

*Legal Notice
The trademark LASIX® is registered for Validus Pharmaceuticals L.L.C. in the United States and used by SQ Innovation under license.
 

About SQ Innovation
SQ Innovation, Inc. is a privately held Swiss biopharmaceutical company with offices in Zug, Switzerland, and Burlington, MA, USA.  Founded to develop and commercialize innovative, cost-effective therapies for subcutaneous delivery, the company aims to enable at-home treatment for conditions traditionally managed in hospitals. SQ Innovation has developed a novel drug-device combination for treating fluid overload in adult patients with chronic heart failure — a condition typically requiring intravenous administration of medications in a hospital setting. This product, Lasix® ONYU, was developed with consideration for patients, payors, healthcare providers, and environmental impact. Lasix® ONYU, received Tentative Approval from the US Food and Drug Administration in October 2024.
www.sqinnovation.com

 

About Gerresheimer 
Gerresheimer is an innovative systems and solutions provider and a global partner for the pharma, biotech and cosmetic industries. The Group offers a comprehensive portfolio of drug containment solutions including closures and accessories, as well as drug delivery systems, medical devices and solutions for the health industry. The product range includes digital solutions for therapy support, medication pumps, syringes, pens, auto-injectors and inhalers as well as vials, cartridges, ampoules, tablet containers, infusion, dropper and syrup bottles and more. Gerresheimer ensures the safe delivery and reliable administration of drugs to the patient. Gerresheimer supports its customers with comprehensive services along the value chain and in addressing the growing demand for enhanced sustainability. With over 40 production sites in 16 countries in Europe, America and Asia, Gerresheimer has a global presence and produces locally for regional markets.  The Group generated revenues of around €2bn in 2023 and currently employs around 13,400 people. Gerresheimer AG is listed in the MDAX on the Frankfurt Stock Exchange (ISIN: DE000A0LD6E6).   www.gerresheimer.com 

Contact Gerresheimer AG

Media  
Jutta Lorberg
Head of Corporate Communication
T +49 211 6181 264
jutta.lorberg@gerresheimer.com
Marion Stolzenwald
Senior Manager Corporate Communication
T +49 172 2424185
marion.stolzenwald@gerresheimer.com

Investor Relations
 
Guido Pickert
Vice President Investor Relations
T +49 152 900 14145
gerresheimer.ir@gerresheimer.com
 
Thomas Rosenke
Senior Manager Investor Relations
T: +49 211 6181-187
gerresheimer.ir@gerresheimer.com


16.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Gerresheimer AG
Klaus-Bungert-Str. 4
40468 Duesseldorf
Germany
Phone: +49-(0)211/61 81-00
Fax: +49-(0)211/61 81-121
E-mail: gerresheimer.ir@gerresheimer.com
Internet: http://www.gerresheimer.com
ISIN: DE000A0LD6E6
WKN: A0LD6E
Indices: MDAX (Aktie)
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2051409

 
End of News EQS News Service

2051409  16.12.2024 CET/CEST

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  2018 2019 2020 2021 2022 2023 2024e
Sales1 1.367,73 1.392,26 1.418,79 1.498,01 1.817,09 1.990,49 2.060,00
EBITDA1,2 298,60 400,01 310,14 306,31 340,87 399,42 422,00
EBITDA-Margin3 21,83 28,73 21,86 20,45 18,76 20,07 20,49
EBIT1,4 139,46 123,76 156,46 147,44 169,31 213,39 222,00
EBIT-Margin5 10,20 8,89 11,03 9,84 9,32 10,72 10,78
Net Profit (Loss)1 131,13 82,68 89,88 87,24 102,19 120,09 124,00
Net-Margin6 9,59 5,94 6,34 5,82 5,62 6,03 6,02
Cashflow1,7 173,47 192,92 222,19 212,08 221,94 294,34 0,00
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INVESTOR-INFORMATION
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Gerresheimer
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A0LD6E DE000A0LD6E6 AG 2.336,63 Mio € 11.06.2007 Halten 9F387QF9+73
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
16,91 23,92 0,71 20,54 1,67 7,94 1,17
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
1,25 1,25 1,40 2,07%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
05.06.2025 11.04.2025 10.07.2025 10.10.2024 26.02.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-7,27%
67,65 €
ATH 122,90 €
-12,73% -27,82% -28,30% -29,86% +69,13%

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