Vifor Pharma and Fresenius Kabi create joint venture in China for i.v. iron portfolio
[caption id="attachment_9277" align="aligncenter" width="747"] Press Release[/caption]
? Partnership brings together Vifor Pharma?s world-class iron deficiency portfolio with Fresenius Kabi?s
market-leading patient access in China
? Gives Vifor Pharma access to largest iron deficiency anaemia population with prevalence estimated at
20%1
? Focus of the partnership will be on Patient Blood Management (PBM) to benefit both patients and the
healthcare system in China
St Gallen, 20 February 2020 ? Vifor Pharma today announced a strategic partnership with Fresenius Kabi to create
a new joint company based in the People?s Republic of China expanding its access to the second largest
pharmaceutical market in the world2
. The strategic partnership also expands Vifor Pharma?s co-operation with the
Fresenius Group, as Vifor Fresenius Medical Care Renal Pharma is an already existing joint company with
Fresenius Medical Care.
Fresenius Kabi is a global health care company that specializes in medicines and technologies for infusion,
transfusion and clinical nutrition. In China the company is among the top 10 multinational pharmaceutical
companies, being a market leader in clinical nutrition, anesthesia and nephrology. Fresenius Kabi has about 6,000
employees and multiple manufacturing and development sites in China. Its sales network covers all cities and
regions in China. As part of the agreement, Vifor Pharma and Fresenius Kabi will together create a joint company
which will focus on marketing, market access and medical affairs activities for the intravenous iron portfolio. The joint
company will be 55% owned by Vifor Pharma and 45% by Fresenius Kabi. Fresenius Kabi will be fully responsible
for the commercialization of the intravenous iron portfolio in China, covering more than 20,000 anesthesiologists and
25,000 surgeons in more than 2,000 tier 3 hospitals to support PBM as well as working with HCPs for other
indications including nephrology.
Etienne Jornod, Executive Chairman at Vifor Pharma commented: ?We are delighted to announce this important
strategic collaboration. Fresenius Kabi is an ideal partner, both from a commercial perspective and from a
perspective of shared values. Its strong commercial presence in China is very complementary to the targeted
therapeutic areas for our intravenous iron portfolio. Bringing our global iron experience into the joint company and
combining this with Fresenius Kabi?s strong commercial presence in China will give the parties an excellent position
to serve the needs of patients and healthcare professionals in this large and growing market.?
Mats Henriksson, CEO of Fresenius Kabi commented: ?This collaboration with Vifor Pharma is an important step in
providing a significant number of patients access to vital blood management treatment. Vifor Pharma has a world
leading iron deficiency portfolio and combined with our strong foothold and long-term business relationships in
China, this partnership will help to better serve the needs of patients and healthcare professionals across China.?
There is a high unmet medical need for Vifor?s intravenous iron products in China with the country having the world?s
largest iron deficiency anaemia (IDA) population with prevalence estimated at 20%3
. At present, one of the primary
1 1 Piao J, Lai J, Yin S, Xu J, Xu Q & Yang X. (2005). Study on the anemia status of Chinese population. Acta Nutr. Sini. 27:268-271.
2 The Global Use of Medicine in 2019 and Outlook to 2023 (https://iqvia.com)
3 Piao J, Lai J, Yin S, Xu J, Xu Q & Yang X. (2005). Study on the anemia status of Chinese population. Acta Nutr. Sini. 27:268-271.
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treatments of IDA is a blood transfusion. However, this is not an economical use of blood in a country where,
according to the World Health Organisation (WHO), demand is outstripping supply4
. WHO instead recommends
improving the clinical use of blood to reduce the number of unnecessary blood transfusions. As a world leader in iron
deficiency management, Vifor Pharma?s intravenous iron therapies offer new high quality, innovative therapeutic
options to the medical community in China to allow the more effective management of patient blood and for the
treatment of IDA in many other therapeutic areas. Both parties have agreed to not disclose financial terms of the
collaboration.
Contact and further information:
Media Relations
Nathalie Ponnier
Global Head Corporate Communications
+41 79 957 96 73
media@viforpharma.com
Investor Relations
Julien Vignot
Head of Investor Relations
+41 58 851 66 90
investors@viforpharma.com
Vifor Pharma Group is a global speciality pharmaceuticals company. It aims to become the global leader in iron deficiency,
nephrology and cardio-renal therapies. The company is the partner of choice for pharmaceuticals and innovative patient-focused
solutions. Vifor Pharma Group strives to help patients around the world with severe and chronic diseases lead better, healthier
lives. The company develops, manufactures and markets pharmaceutical products for precision patient care. Vifor Pharma Group
holds a leading position in all its core business activities and consists of the following companies: Vifor Pharma; Vifor Fresenius
Medical Care Renal Pharma (a joint company with Fresenius Medical Care); and OM Pharma. Vifor Pharma Group is
headquartered in Switzerland, and listed on the Swiss Stock Exchange (SIX Swiss Exchange, VIFN, ISIN: CH0364749348). For
more information, please visit viforpharma.com